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Clearing thresholds: Difference between revisions
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So in this new world where derivatives are finally seen as the [[weapons of mass destruction]] that Warren Buffett always said they were, the regulators have announced that, over certain thresholds, parties trading [[over-the-counter]] derivatives must clear them through a [[CCP|central clearing counterparty]], and | So in this new world where derivatives are finally seen as the [[weapons of mass destruction]] that Warren Buffett always said they were, the regulators have announced that, over certain thresholds, parties trading [[over-the-counter]] derivatives must clear them through a [[CCP|central clearing counterparty]], and [[mark-to-market]] exposure arising from those types of derivative which cannot be (or are not) centrally cleared must be fully collateralised. | ||
Thus the grand excitement, culminating in the first quarter of 2017, of [[variation margin regulation]] (call it [[WGMR]], [[SIMM]], [[UMR]] - whatever the hell you like). | Thus the grand excitement, culminating in the first quarter of 2017, of [[variation margin regulation]] (call it [[WGMR]], [[SIMM]], [[UMR]] - whatever the hell you like). | ||