Derivs - Interest Rate

The Association of National Numbering Agencies (ANNA) has issued a second consultation paper on the fees payable for its Derivatives Service Bureau after it introduced ISIN numbers for over-the-counter derivatives.

European regulators are finally on the road to creating suspension mechanisms similar to those used in the US, an evolution that should not stop at clearing.

LCH has established deposit and intraday liquidity facilities with Norges Bank, the central bank of Norway, meaning it now has central bank accounts for six currencies.

First quarter figures from CME Group, Deutsche Börse and the Spanish BME showed a lack of growth in derivatives volumes at the start of 2017

Interest rate swap trading platform TrueEX has hired a former Deutsche Bank head of rates sales to take a leading role in its sales, marketing and strategy.

Hong Kong Exchanges and Clearing (HKEX) has announced the appointments of three members to its board.

The Basel Committee on Banking Supervision (BCBS) has issued a report that analyses the adoption status of Basel III standards for each of its member jurisdictions, highlighting that many regions have not yet published draft derivative regulations.

The US Commodity Futures Trading Commission has extended no-action relief for US-based swap dealers not yet compliant with its final margin rule when they are conducting European business.

The Options Clearing Corporation (OCC) has recruited David Hoag as the clearing company's new information officer replacing Luke Moranda who moves to become senior IT advisor.

Deutsche Bank has novated some of its SSA new issue swaps to a US bank, according to a source with knowledge of the situation, in a move which should help the bank stepping in to cut its risk position. The sale comes shortly after Deutsche said in a strategy update that it wants to improve its SSA operation.

The European Securities and Markets Authority (ESMA) has clarified margin rules under the European Market Infrastructure Regulation (EMIR) in a new document, outlining the situations in which central counterparties (CCPs) may allow up to 100% collateral reductions for derivatives contracts.

Volume figures released by most of the major derivative exchanges for the month of March showed increased activity, with interest rate products swelling volumes.