The last few days have seen a spike in volatility in the market. This is mainly due to the market expectations ahead of the Fed, renewed growth worries leading to a drop in oil and more recently, currency devaluation from … Read More
UMR Extension: Cassini Commentary
BCBS/IOSCO have announced the delay of the roll out of the final phase of Uncleared Margin Rules. Those firms with over 750 BN in AANA will still be required to begin posting Initial Margin from September 1st, 2019. Firms with 50BN-749 … Read More
UMR Phase 5: Managing Business Impact & Why Pre & Post-Trade Controls are Essential
UMR Phase 5 will have a significant capital impact on in-scope firms’ trading performance. To address this impact, firms need to treat it as a trading risk management process and have calculation tools in their front-office trade workflow that provide … Read More
Three things to consider when choosing a SIMM™margin provider
If you trade bilateral OTC derivatives then you probably know by now that the Uncleared Margin Rules (UMR) are rapidly approaching and will require significant changes to your trading, book management and collateral management processes. The industry has produced plenty … Read More
ISDA SIMM™ for buy-side: Are you ready? Part 3. Minimise the impact of ISDA SIMM
The final phases of the BCBS / IOSCO’s uncleared margin rules — phase 4 and 5 — are kicking in as from 1 September 2019 and 2020. Ready or not, initial margin requirements are coming. And unless you’re compliant in time, … Read More
ISDA SIMM™ for buy-side: Are you ready? Part 2. The road to compliance.
The final phases of the BCBS / IOSCO’s uncleared margin rules — phase 4 and 5 — are kicking in as from 1 September 2019 and 2020. In the second of this three-part series, we take a look at the … Read More
ISDA SIMM™ for buy-side: Are you ready? Part 1. Getting started.
Ready or not, initial margin requirements are coming. And unless you’re compliant in time, you won’t be able to trade bilaterally. That is why Cassini Systems has put together a 3-part informative series, solely focused on ISDA SIMM™ for buy-side … Read More
Key Themes – SIMM and other hot buttons…
At Cassini, we have recently been traveling across Europe and the US to events ranging from global client conferences hosted by our partners Charles River and Simcorp, to exhibiting or attending at the FIA expo in Chicago, the ISDA North … Read More
The Case for Divergent Clearing Broker Agreements
It’s probably safe to say that, 90% of the time, asset managers will aim to get the same terms with all their clearing brokers. But while the benefits of doing so are undeniable, the situation isn’t always clear cut. In … Read More
