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020 a| 9781118891513;

020 a| 1118891511 (Trade Cloth)c| USD 100.00 Retail Price (Publisher)9| Forthcoming;

024 3 a| 9781118891513;

035 a| (WaSeSS)ssj0001377729;

037 b| 00028608;

040 a| BIP USd| WaSeSS;

049 a| EREEa| NEHH;

100 1 a| Gregory, Jone| Author=| ^A719245;

245 10 a| Central Counterpartiesh| [electronic resource]:b| Mandatory Clearing and Bilateral Margin Requirements for Otc Derivatives;

260 a| Hoboken : b| John Wiley & Sons, Incorporated;

300 a| 328 p.c| 25.150 x 017.780 cm.;

440 4 a| The Wiley Finance Ser.;

506 a| Available only to authorized users.;

520 8 a| Annotationb| The Global Financial Crisis from 2007 onwards illustrated the inherent weaknesses in the global financial system and some of their causes. In particular over-the-counter (OTC) derivatives were blamed by many for partially causing and catalysing the crisis. Not surprisingly, this has led to dramatic action from politicians, policymakers and regulators in relation to OTC derivative markets. Two of the most important changes are the mandatory clearing of standardised OTC derivatives and the requirements for posting initial margin against non-standard OTC derivatives.This book explains the central clearing of OTC derivatives and the associated requirements for initial margins. It provides a historical perspective of central clearing as it developed with derivative exchanges in order to mitigate counterparty credit risk. The regulatory requirements (Dodd-Frank, EMIR, Basel III) being imposed since the global financial crisis are defined and discussed. The mechanics of central clearing are described including operational aspects, initial margin and default fund calculations, loss waterfalls and allocation methods. Client clearing is discussed, in particular giving detail on margin segregation and portability methods. An assessment is made throughout of the advantages and disadvantages of clearing and margining requirements, including potential issues such as funding liquidity risk, operational risk and wrong-way risk. This book is unique and covers the regulatory requirements together with the practical implementation details and the potential impacts and consequences. It is an invaluable complete reference guide for any market practitioner, policy maker, academic or student with any responsibility or interest in the area of OTC derivatives.;

538 a| Mode of access: World Wide Web;

650 4 a| Derivative Securities;

650 4 a| Capital Market;

650 4 a| Financial Crises;

650 4 a| Financial Risk Management;

655 0 a| Electronic books.=| ^A491897;

856 40 z| Full text available from Ebook Central - Academic Completeu| https://ebookcentral.proquest.com/lib/eastcarolina/detail.action?docID=1889214;

949 a| CLICK ON WEB ADDRESSw| ASISh| JOYNER188;

949 a| CLICK ON WEB ADDRESSw| ASISh| HSL77;

949 a| CLICK ON WEB ADDRESSw| ASISh| JMUSIC60;

596 a| 1 3 4;

998 a| 5589605;

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999 a| CLICK ON WEB ADDRESSw| ASISc| 1i| 5589605-2001l| HSLELECm| HSLr| Ys| Yt| HEBKu| 4/16/2021x| EBOOKz| HERESOURCE;

999 a| CLICK ON WEB ADDRESSw| ASISc| 1i| 5589605-3001l| MNETm| JMUSICr| Ys| Yt| MNESSBKu| 4/16/2021x| EBOOKz| JERESOURCE;

Central Counterparties Mandatory Clearing and Bilateral Margin Requirements for Otc Derivatives

Author/creator	Gregory, Jon Author
Format	Electronic
Publication Info	Hoboken : John Wiley & Sons, Incorporated
Description	328 p. 25.150 x 017.780 cm.
Supplemental Content	Full text available from Ebook Central - Academic Complete
Subjects	Derivative Securities Capital Market Financial Crises Financial Risk Management

Series	The Wiley Finance Ser.
Summary	Annotation The Global Financial Crisis from 2007 onwards illustrated the inherent weaknesses in the global financial system and some of their causes. In particular over-the-counter (OTC) derivatives were blamed by many for partially causing and catalysing the crisis. Not surprisingly, this has led to dramatic action from politicians, policymakers and regulators in relation to OTC derivative markets. Two of the most important changes are the mandatory clearing of standardised OTC derivatives and the requirements for posting initial margin against non-standard OTC derivatives.This book explains the central clearing of OTC derivatives and the associated requirements for initial margins. It provides a historical perspective of central clearing as it developed with derivative exchanges in order to mitigate counterparty credit risk. The regulatory requirements (Dodd-Frank, EMIR, Basel III) being imposed since the global financial crisis are defined and discussed. The mechanics of central clearing are described including operational aspects, initial margin and default fund calculations, loss waterfalls and allocation methods. Client clearing is discussed, in particular giving detail on margin segregation and portability methods. An assessment is made throughout of the advantages and disadvantages of clearing and margining requirements, including potential issues such as funding liquidity risk, operational risk and wrong-way risk. This book is unique and covers the regulatory requirements together with the practical implementation details and the potential impacts and consequences. It is an invaluable complete reference guide for any market practitioner, policy maker, academic or student with any responsibility or interest in the area of OTC derivatives.
Access restriction	Available only to authorized users.
Technical details	Mode of access: World Wide Web
Genre/form	Electronic books.
ISBN	9781118891513
ISBN	1118891511 (Trade Cloth) Forthcoming
Standard identifier#	9781118891513
Stock number	00028608

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Central Counterparties Mandatory Clearing and Bilateral Margin Requirements for Otc Derivatives

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