New developments in clearing and settlement arrangements for OTC derivatives
Bank for International Settlements, 2007 - Business & Economics - 64 pages
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lssues analysed in the 1998 report
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afﬁrmed Annex automated back ofﬁce Bank beneﬁts bilateral bilateral netting broker cash ﬂow CCP clearing central counterparty clearing and settlement Closeout Amount closeout netting collateral agreements collateralisation conﬁrmation backlogs conﬁrmed consent counterparty credit risks counterparty risks CPSS credit derivatives credit exposures dealers reported derivatives dealers derivatives prime brokerage Determining Party direct link documentation economic afﬁrmations electronic trading executing dealer ﬁnal ﬁnancial ﬁrst funding liquidity risk Gross market values hedge fund identiﬁed infrastructure initial margin interest rate derivatives interest rate swaps LCH.Clearnet ln addition mark to market Market Quotation matching mitigate counterparty credit multilateral notiﬁcation novation operational risks original counterparty OTC derivative products OTC derivatives markets OTC derivatives prime OTC derivatives trades OTC derivatives transactions outstanding conﬁrmations portfolio reconciliation post-trade processing potential prudential supervisors remaining party risk management signiﬁcant signiﬁcantly straight through processing SwapClear T-Zero trade details trade information warehouse TradeWeb transferee transferor valuation