Tag Archives: independent third party custodian

Reminder: Public Meeting November 19th – Fifth Series of CFTC Proposed Rules

 WHAT: CFTC to hold Public Meeting on Fifth Series of Proposed Rules. Topics to be discussed: 1) Swap data repositories 2) Real-time public reporting of swap transaction data 3) Protection of collateral of counterparties to uncleared swaps, and treatment of securities in a portfolio margining account in a commodity broker bankruptcy 4) Data recordkeeping 5) Issuance of … Continue Reading

The 2nd Half Report from the CFTC Roundtable on Individual Customer Collateral Protection

The second half was all about costs – how will increase and who will pay for those increases. An hour’s worth of very good and technical discussion about the of mutualization of losses. Issues discussed were: Use of initial margin vs. increases to a guarantee fund vs. doing both Making independent seg optional vs. mandatory … Continue Reading

A Half-Time Report from The CFTC Roundtable on Individual Customer Collateral Protection

This roundtable is now on break and here is the half-time report. BUYSIDE COMMENTS: Not all clients choose tri-party control agreements, but those who do understand that there are incremental costs and are willing to pay those incremental costs. The re-tooling of the market as a result of movement from bi-lateral to cleared OTC markets … Continue Reading

CFTC Roundtable: Individual Customer Collateral Protection

WHAT: CFTC Roundtable on Individual Customer Collateral Protection. Topics  to be discussed: 1) Concerns of customers that trade derivatives with respect to safety of their collateral 2) Models to address those concerns and how to implement such models 3) Structural changes to existing clearing architecture to implement those models 4) Cost of such changes BENEFIT OF … Continue Reading