Clearing documentation - CCP: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "== Futures Commission Merchants == The Futures Industry Association ({{tag|FIA}}) and the International Swaps and Derivatives Association, Inc. ({{tag|ISDA}}) announce..." |
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== Futures Commission Merchants == | == Futures Commission Merchants == | ||
The [[Futures Industry Association]] ({{tag|FIA}}) and the [[International Swaps and Derivatives Association]], Inc. ({{tag|ISDA}}) announced in a statement on August 29 that they had released a document that can be used by U.S. futures commission merchants ({{tag|FCM}}s) and their clients to document {{tag|OTC derivatives}} trades. | The [[Futures Industry Association]] ({{tag|FIA}}) and the [[International Swaps and Derivatives Association]], Inc. ({{tag|ISDA}}) announced in a statement on August 29 that they had released a document that can be used by U.S. futures commission merchants ({{tag|FCM}}s) and their clients to document {{tag|OTC derivatives}} trades. The dopcumentation can be accessed [http://www.futuresindustry.org/fia-and-isda-publish-documentation-for-cleared-swaps.asp here]. | ||
The [[FIA-ISDA Cleared Derivatives Addendum]], which is designed to be utilized with {{tag|futures}} and {{tag|options}} agreements negotiated between a U.S. FCM and its clients, includes what both parties will provide in the trade, including what will be done with customer {{tag|collateral}}. | The [[FIA-ISDA Cleared Derivatives Addendum]], which is designed to be utilized with {{tag|futures}} and {{tag|options}} agreements negotiated between a U.S. FCM and its clients, includes what both parties will provide in the trade, including what will be done with customer {{tag|collateral}}. |