Derivs - FX
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The International Swaps and Derivatives Association and the International Islamic Financial Market will release in the next four to six weeks drafts of pro forma confirmation documents for Shariah-compliant currency swaps and profit rate swaps.
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The Securities and Exchange Commission and the Commodity Futures Trading Commission should make sure to take into account collateralization when setting the threshold for who counts as a major swap participant, according to Philip McBride Johnson, of counsel with Skadden Arps Slate Meagher & Flom and a former head of the CFTC.
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One European hedge fund bought a EUR17 million (USD21 million) four-month digital one-touch option on the euro/U.S. dollar with a barrier of USD1.05 last Tuesday in an otherwise quiet market for fx options. -
Barclays Capital has hired Marie-Laure Chandumont as a director in investor solutions focusing on cross-asset structures for insurance companies, a new position.
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The U.S. Securities and Exchange Commission is investigating how registered funds make alternative investment decisions.
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Limiting a clearinghouse member’s exposure to the CCP could limit that CCP’s ability to mitigate risk and manage a systemic failure in the event of a default, according to the Japan Securities Clearing Corporation.
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JPMorgan has issued a slew of principal-protected notes and certificates of deposit, delta-one notes, and bespoke products on its rules-based Alternative Index Multi-Strategy 5 in recent weeks.
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The Financial Industry Regulatory Authority has given firms an extra hour to process and submit certain instructions on exercising standardized options on the last business day before they expire.
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The move to central clearing could spark the long tail risk hedging market.
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Dealers were buying up euro/U.S. dollar put options, call options and straddles on Thursday across different maturities, on news of slowing U.S. and Chinese economies.
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The move to central clearing could spark the long tail risk hedging market.
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As the Securities and Exchange Commission proceeds with its review of fund’s usage of derivatives, it has urged funds to take a fresh look at derivatives-related disclosures.
