The focus within the collateral management space has shifted from regulatory compliance to better controlling how margin might impact trading decisions and the overall business. In a DerivSource commentary, Cassini Systems’ CEO and founder, Liam Huxley explains how firms can achieve greater collateral resiliency … Read More
Article Series: How asset managers used margin forecasting and stress testing to manage collateral and liquidity risk during the mini-crisis in the UK Bond Markets.
What are the lessons asset managers can learn from the recent market events? Earlier this month, fresh of the back of the mini-budget announcement, made by the now ex Chancellor of the UK, we explored the reasons behind the mini … Read More
Article Series: How did extreme market movements cause significant margin calls last week?
The market reaction to the fiscal policy decisions announced in the mini budget by the UK Chancellor last week have been extreme for the UK’s financial Institutions. In light of these events, we have put together short and informative articles … Read More
The impact of volatile markets on PB Margining: Understanding margin model changes and the impacts on your portfolio
Prolonged market volatility has renewed the focus on margin costs across the industry. At times when market factors lead to sudden deleveraging and reallocation of risk; we explore 4 ways buyside firms can address their margin strategies– How do Prime … Read More
Hedge Funds: Managing Risk and Chasing Growth in a Volatile Market
The current environment 2021 was an unprecedented year for market performance, where broad-based indices across major markets outperformed long-term averages. Heightened volatility observed in 2020 subsided with the VIX reverting to its long-term average. The US Large Cap, Mid Cap, … Read More
PRA Reviews the ISDA SIMM® Model: What it means and what to expect
PRA Review on ISDA SIMM® – Background With the upcoming (Uncleared Margin Rules) UMR Phase 6 deadline in mind, the Prudential Regulation Authority (PRA) has carried out a comprehensive review of the ISDA SIMM® model. The focus of this has … Read More
Collateral Optimization: Take Control of Your Trading Costs – From Pre-Trade to Post-Trade
Ingvar Sigurjonsson, State Street’s Financing and Collateral Solutions Head of Analytics and Optimization, and Marc Knaap, Head of Business Development and Partnerships at Cassini, take a look at front-to-back collateral management optimization frameworks – from pre-trade to post-trade, and why … Read More
UMR Phase 6: Easy steps to rethinking margin management ahead of the deadline
Uncleared Margin Rules When previously discussing Phase 6 of the Uncleared Margin Rules (UMR), we have mainly considered the derivatives industry’s challenge in bringing the final round of firms into compliance with the regulation. We delved into pre-trade analytics and … Read More
Phase 6 UMR: SIMM vs GRID, and which approach is best for your firm
Written by Vardaan Kohli, Senior Product Specialist, Cassini Phase 6 UMR: SIMM vs GRID, and which approach is best for your firm The Uncleared Margin Rules (UMR) Phase 6 deadline is fast approaching, with the International Swaps Derivatives Association (ISDA) … Read More
Pre-trade Analytics: The Precursor to UMR Threshold Monitoring and Cross Asset Margin Management
Whether you are a Phase 6 firm working to monitor your margin to keep under the UMR threshold come September, or a Phase 4, 5, or 6 firm looking to support cross-asset margin management; pre-trade analytics is essential to support … Read More
