ISDA Recommends Aligning Clearing and Trading Obligations
On July 6, ISDA published a briefing paper outlining its support for alignment of the clearing obligation under the European Market Infrastructure Regulation and the derivatives trading obligation under the Markets in Financial Instruments Regulation.
ISDA recommends that alignment be based on transaction and counterparty terms, with a view to enhancing legal certainty for market participants.
FIA PTG said a viable agency clearing model can increase market resiliency, liquidity and transparency.
TriOptima compressed SGD 1.7 trillion notional at LCH in first half.
First Korean bank clears at LCH ForexClear as phase 5 of uncleared margin rules approach.
This comes ahead of LIBORâ€™s cessation on 31 December 2021.
Total volume was up 25.6% from a year ago.