Central Counterparties

Mandatory Central Clearing and Initial Margin Requirements for OTC Derivatives

Business & Finance, Finance & Investing, Finance
Cover of the book Central Counterparties by Jon Gregory, Wiley
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Jon Gregory ISBN: 9781118891582
Publisher: Wiley Publication: June 25, 2014
Imprint: Wiley Language: English
Author: Jon Gregory
ISBN: 9781118891582
Publisher: Wiley
Publication: June 25, 2014
Imprint: Wiley
Language: English

Practical guidance toward handling the latest changes to the OTC derivatives market

Central Counterparties is a practical guide to central clearing and bilateral margin requirements, from one of the industry's most influential credit practitioners. With up-to-date information on the latest regulations imposed after the global financial crisis, this book covers the mechanics of the clearing process and analyses the resulting consequences. Detailed discussion explains the ways in which the very significant clearing and margining rules will affect the OTC derivatives market and the financial markets in general, with practical guidance toward implementation and how to handle the potential consequences.

Over-the-counter derivatives were blamed by many for playing a major role in the 2007 financial crisis, resulting in a significant attention and dramatic action by policymakers, politicians, and regulators to reduce counterparty credit risk which was seen as a major issue in the crisis. The two most important regulatory changes are the mandatory clearing of standardised OTC derivatives, and the requirements for bilateral margin posting in non-standard OTC contracts. Central Counterparties is a complete reference guide to navigating these changes, providing clarification and practical advice.

  • Review the mitigation of counterparty credit risk with the historical development of central clearing
  • Clarify the latest regulatory requirements imposed by Dodd-Frank, EMIR, Basel III and more
  • Learn the mechanics of central clearing, with special attention to complex issues such as margin calculations, the loss waterfall, client clearing and regulatory capital rules
  • Gain insight into the advantages and disadvantages of clearing and bilateral margin requirements, and the potential issues that arise

As the clearing and margining mandates are phased in, the associated costs will be severe enough to dramatically shift the topology of the financial markets and transform the nature of risk. Central Counterparties provides the information, clarification and expert insight market practitioners need to get up to speed quickly.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Practical guidance toward handling the latest changes to the OTC derivatives market

Central Counterparties is a practical guide to central clearing and bilateral margin requirements, from one of the industry's most influential credit practitioners. With up-to-date information on the latest regulations imposed after the global financial crisis, this book covers the mechanics of the clearing process and analyses the resulting consequences. Detailed discussion explains the ways in which the very significant clearing and margining rules will affect the OTC derivatives market and the financial markets in general, with practical guidance toward implementation and how to handle the potential consequences.

Over-the-counter derivatives were blamed by many for playing a major role in the 2007 financial crisis, resulting in a significant attention and dramatic action by policymakers, politicians, and regulators to reduce counterparty credit risk which was seen as a major issue in the crisis. The two most important regulatory changes are the mandatory clearing of standardised OTC derivatives, and the requirements for bilateral margin posting in non-standard OTC contracts. Central Counterparties is a complete reference guide to navigating these changes, providing clarification and practical advice.

As the clearing and margining mandates are phased in, the associated costs will be severe enough to dramatically shift the topology of the financial markets and transform the nature of risk. Central Counterparties provides the information, clarification and expert insight market practitioners need to get up to speed quickly.

More books from Wiley

Cover of the book Genotype-by-Environment Interactions and Sexual Selection by Jon Gregory
Cover of the book Planning Health Promotion Programs by Jon Gregory
Cover of the book Trustworthy Cloud Computing by Jon Gregory
Cover of the book Innovating Analytics by Jon Gregory
Cover of the book Metaheuristics for Production Scheduling by Jon Gregory
Cover of the book Research Methods for Everyday Life by Jon Gregory
Cover of the book Practical Osseous Surgery in Periodontics and Implant Dentistry by Jon Gregory
Cover of the book Content Matters by Jon Gregory
Cover of the book German Essentials For Dummies by Jon Gregory
Cover of the book Therapeutic Nanomaterials by Jon Gregory
Cover of the book Hydrophilic Interaction Chromatography by Jon Gregory
Cover of the book Anarchy, State, and Utopia by Jon Gregory
Cover of the book Made to Serve by Jon Gregory
Cover of the book The Marketing of Technology Intensive Products and Services by Jon Gregory
Cover of the book Feng Shui For Dummies by Jon Gregory
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy