Tag: STP
Footnote 195- a timebomb not a ticking clock
From midnight tonight the 24 current SEFs will have precisely 195 days to comply with the CFTC’s Footnote 195 guidance . From midnight EST on 30 September 2015, SEFs will have to hold complete copies of all documentation affecting their clients’ uncleared trades, “glean” information and report it to an SDR. The genesis of Footnote […]
Sharing the burden
OpenGamma, the open source trading and risk analytics platform, have announced a plan to create an industry-wide utility to facilitate compliance with the (eventually) forthcoming rules on the margining of non-cleared trades. Margin calculations will use the standard initial margin model (SIMM), as amended by each individual user, a reference copy of the open source […]