Late last week we attended a packed-out breakfast meeting on the regulatory timeline for margining of derivatives transactions, hosted by The Field Effect and The OTC Space. Updates were provided by CloudMargin, NetOTC, Clearstream and TriOptima.
Unsurprisingly, technology has proved to be a key enabler in helping these firms to develop solutions to meet the bilateral margin regulations taking effect in September 2016.
Whilst only the largest firms have to exchange Initial Margin from September, ALL firms have to carry out daily margin calculations and calls for Variation Margin from March 2017, something which should be in the minds of everyone who uses OTC products.
The OTC Space has produced a special edition of Rocket Magazine which provides an excellent snapshot of the latest services. The content includes:
- Collateral Hurdles: Understanding Regulatory Challenges and Industry Solutions (Bill Hodgson from The OTC Space and Nick Stafford from The Field Effect)
- Margining and Collateral: The New Operating Model (David Field and Nick Stafford from The Field Effect)
- The Game Changer for Collateral Management (David White, TriOptima)
- Beyond Standard Two-Way Margining (David Maloy, COO NetOTC)
- Are You Ready For Uncleared Derivatives Margining (Banu Apers, Clearstream)
- The Future of Collateral Management (Karl Wyborn, CloudMargin)
If you’d like to receive a full colour, 36 page printed copy, please visit their shop and purchase yours, or contact them to arrange discounts for bulk orders. This publication is the most up to date picture of what the latest Collateral platforms are offering.
Further Information:
Aiteo Consulting provides CFO advisory services to FinTech businesses. We have successfully set up a resourced finance function for a startup firm in the clearing space, deployed SAP ByDesign, an ERP cloud accounting package, in record time, and have performed various due diligence exercises during funding rounds for tech companies.
Jonathan Smith, the MD of Aiteo Consulting, has acted as a Finance Director for Technology and Strategic Planning for LCH.Clearnet Group, one of the world’s largest clearing houses, and also has long and varied experience in consumer financial services.