Credit support annex (CSA)
Eksportfinans faces collateral questions following downgrade
Junk-rated export lender says it has enough reserve liquidity to meet obligations while it is being wound up - but dealers are not convinced
Pickel replaces Voldstad as Isda chief executive
Bob Pickel reappointed Isda chief executive, replacing Connie Voldstad, who will stay on as special adviser to the board
Dealers predict CVA-CDS loop will create sovereign volatility
A recipe for disaster?
Standard CSA: Industry's solution to novation bottleneck gets nearer
New CSA, new challenge
EBA stress test: Santander’s sovereign swaps exposure not disclosed
Banco de España chose not to report Santander’s sovereign derivatives exposure to the EBA because it was 'not material'
Standard CSA: Industry's solution to novation bottleneck gets nearer
New CSA, new challenge
New standard CSA could be rolled out in Q2 2012
An implementation plan for the new standard CSA is set to be reviewed by the Isda board in September, with a first-phase roll-out expected as early as the second quarter of 2012
Irish debt office agrees to collateralise derivatives
The NTMA follows Portugal's debt office in adopting two-way collateralisation - but unlike Portugal it appears it will have to post cash
Sovereign volatility puts Basel III CVA charge in spotlight
Basel III feedback loop between CDS spreads and CVA capital requirements worries dealers, following month of huge sovereign spread moves
Fannie Mae says FHFA's margin rules would drive up hedging costs
US mortgage giant says segregating variation margin will hurt FHFA- and FCA-regulated entities, and create new funding obligations for swap dealers
Pricing, Basel, Paulson & Co: the top stories of 2011 so far
A review of the top Risk.net stories during the first half of 2011
CVA charge will hit sovereign exposures
Adjusting to change
Push for machine-readable contracts poses problems
Rise of the machines
BNP Paribas takes €108 million hit on swaps after switch to OIS discounting
French bank becomes the latest to divulge a revenue impact from a change to overnight indexed swap discounting
Non-US sovereigns should collateralise swaps, say US bank regulators
Progress towards sovereign collateral posting has been slow. Now, US regulators are proposing to make it mandatory - for all non-US entities
Isda AGM: industry getting to grips with nuts and bolts of reform
No-one’s talking about existential threats to the derivatives market any more – but the more practical questions that have now taken centre stage may prove harder to resolve
EU confusion over cash collateral rules
Collateral confusion
Multi-currency CSA chaos behind push to standardised CSA
The evolution of swap pricing
Funding and pricing OTC derivatives proves treacherous in Australia
Treacherous path ahead
A practical challenge for collateral optimisation
Collateral conundrum
South Africa
South Africa special report
Behind the curve
Behind the curve
Sovereigns wrestle with debt impact of CSAs
Kiss of debt