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  • South Korea is planning to have an automated database up and running by the middle of next month that will capture all onshore over-the-counter fx trading activity, the Financial Supervisory Service told Derivatives Week today.
  • A master agreement for entering into Shariah-compliant derivatives transactions is likely to be initiated in March, according to an official at Bahrain’s International Islamic Financial Market.
  • JPMorgan has reportedly decided to pick up its employees’ tab for the U.K. personal bonus tax--a move that will shrink its 2009 global bonus pool about 13% from what it would have been.
  • Metavante Corp., a swap counterparty to Lehman Brothers that was ordered to pay the estate in a closely watched court case in September, filed an appeal in the U.S. District Court for the Southern District of New York last week.
  • The credit event triggered by the debt restructuring of Japanese lender Aiful has prompted the International Swaps and Derivatives Association to introduce a protocol that will standardize certain provisions of legacy single name Japanese corporate credit default swaps.
  • The Society for Worldwide Interbank Financial Telecommunication, the financial messaging company headquartered in La Hulpe, Belgium, is working on a messaging system for collateral management issues.