Derivs - Interest Rate

The Securities and Exchange Board of India has pushed back the deadline from May 7 to August 7 for more detailed foreign institutional investors reporting on offshore derivatives and participatory notes written on Indian underlyings.

Andrew Lamb is ceo of CME Clearing Europe in London, with responsibilities including having oversight of the clearinghouse’s risk management and its day-to-day operations. He spoke to Senior Reporter Olivia Thetgyi on the clearinghouse’s plans to develop its business in the region and regulatory developments in the E.U.

CME Group is looking to cross-margin between its U.S. and European clearinghouses, allowing offsetting positions to reduce margins for clearing firms.

A proposed rule by the U.S. Commodity Futures Trading Commission that would require trades to be confirmed in a short period of time will create hardships for end users, according to panelists at the Markit Evolving OTC Market Landscape conference in London yesterday.

GFI Group has launched a short-term interest rate futures and options desk out of New York and Chicago and has landed three new hires to lead the effort.

Clariden Leu is marketing structured floored floater notes with capital linked to four-year fixed rate notes issued by Glencore Finance.

Efforts to weaken proposed European Commission regulations governing derivatives are counterproductive, according to Eric Kolodner, managing director of electronic trading platform Tradeweb.

NEW YORK - The recent exemption of ‘fx swaps and forwards’ from clearing under Dodd-Frank by the U.S. Treasury has left derivatives players scratching their heads.

JPMorgan has reopened a structure that provides double short exposure to the U.S. 10-year Treasury futures index within an exchange-traded note with no buffer or protection to the positive performance of the index.

London fund manager Metric Capital Partners is launching a corporate loan fund that will hedge via currency and interest rate derivatives.

The Australian Securities and Investments Commission is recommending new laws that would require retail over-the-counter derivatives players to report 12-month cash flow projections and also increase their capital requirements, according to a proposal paper issued today.

Five equity derivatives staffers have exited Goldman Sachs in Asia, including four executive directors and a v.p.