LCH.Clearnet overhauls SwapClear's margin model

12/5/2012 | Risk.net (subscription required)

Users of LCH.Clearnet's interest-rate-swaps clearing service say its collateral calls were not high enough, causing risk to be covered by contributions to its default fund; the comments have prompted LCH.Clearnet to revamp SwapClear's margin model. The U.K.'s Financial Services Authority is reviewing the revised model, but it might be months before it is approved.

View Full Article in:

Risk.net (subscription required)

Published in Briefs: