Initial margin collected by phase one firms for their non-cleared derivatives totalled $173.2 billion, an increase of 10% compared to year-end 2018.
New working group will look to solve complications for pension funds in providing cash collateral as variation margin.
Bank to combine global markets and securities services businesses into a single unit, handing new roles to its two custody heads, Global Custodian understands.
Representatives from LCH and EuroCCP highlight contradicting trends they are seeing in clearing activity throughout Europe following Brexit.
Northern Trust will use technology provided by AcadiaSoft for an outsourced collateral optimisation solution.
PIMCO will use OpenGamma’s technology in a bid to reduce margin financing costs for derivatives trading.
Citi has leveraged the ISDA SIMM model to launch a new regulatory margin calculation service for buy-side firms that come into scope from 2020 and 2021.
Euroclear stated the new solution will make tri-party a portable service offering, agnostic of the settlement and custody location.
The final phase would of enforced thousands have asset managers, hedge funds and insurers from September 2020.
BNP Paribas Securities Services has emerged as a leading derivatives clearing provider in Italy, having won a number of clearing and collateral management mandates.