Webinar: The margining of uncleared swaps is coming

Register for the webinar now

 

SUMMARY

On Wednesday 9 March, COOConnect and the Depository Trust & Clearing Corporation (DTCC) are delighted to be hosting a webinar, The margining of uncleared swaps is coming

Margining rules for swap transactions in the US and Europe are set to come into effect on 1 September this year. How ready is the industry for this? What do market participants need to do in order to be ready? What will the impact of this shift in practice mean for the industry?

To discuss this and more, Dominic Hobson founder of COOConnect, will be joined by Moris Danon, Product Manager for DTCC's ProtoColl Collateral Management System, Allan Yipp, Partner at Simmons & Simmons and Jaki Walsh, Managing Director of Derivati Consulting.

Registration is free and your questions are welcomed in advance and during the session.To register, you will need to fill in our registration form which will give you access to the webinar and an option to be sent a copy of DTCC's white paper, The Impact of Margin Requirements for Non-Cleared OTC Derivatives on the Fund Management Industry.

The topics to be discussed include:

  • Coping with different rules in different jurisdictions
  • State of readiness of the fund management industry for the new rules
  • Coping with increases in margin call volume
  • Obtaining cash to meet margin calls
  • Difficulty of cross-currency collateralisation
  • Coping with standardised or risk-based initial margin models
  • Difficulty of coping with concentration limits
  • Managing re-documentation of client CSAs
  • Managing legacy OTC derivative positions
  • Segregation of collateral
  • Rehypothecation of collateral
  • Register for the webinar now

    This webinar is sponsored by Omgeo, the post-trade processing arm of the DTCC.

     

    Omgeo

    SPEAKERS

     

    The webinar will be moderated by COOConnect founding partner Dominic Hobson, and will include the following panellists:

     

     
    Opening and closing remarks by Dominic Hobson, Founder of COOConnect.

     

     

     

     

     

     
    Jaki Walsh is managing director of Derivati Consulting, a specialist consulting firm offering cross asset class expertise in the derivatives market; specifically focusing on the evolving market structure and the challenges relating to the implementation of EMIR / Dodd Frank Regulations.

     

     

    Moris Danon is a product manager for the ProtoColl Collateral Management System at Omgeo. As a member of the Professional Services team, Moris’s primary responsibilities include pre-sales presentations, and analysis, prioritization and documentation of business requirements. Moris came to Omgeo in 2013 from Murex, where he managed customer relationships, pre-sales, implementation projects and support teams for cross-asset class, front to back office clients. Moris has 30 years of experience in the financial services industry at top tier financial institutions and software vendors. He is a Chartered Financial Analyst and has an MBA degree from the University of Rochester.

     

    Nick Steele is a Managing Director and Head of the Collateral Optimisation Unit at Barclays. Based in London, he is responsible for ensuring the efficient use of the firm's collateral across Barclays including OTC derivatives, Initial Margin and Intraday liquidity. Steele joined Barclays in 2010 from Deutsche Bank where he worked in the Credit Products Group in Global Financing and Foreign Exchange, responsible for optimising the counterparty risk across the business. Prior to this, he worked at Barclays Capital from 1998 to 2010 in the Prime Services division with responsibility for hedge fund margining and risking platforms (GNA). He holds a BA from Oxford University in Mathematics and Philosophy.

     

    Allan Yipp specialises in prime brokerage, derivatives, derivatives regulation and structured products. He advises asset managers (both hedge and institutional) on all aspects of their trading relationships with market counterparties, including prime brokerage, derivatives and other trading agreements. Allan also provides specialist advice to clients in relation to derivatives regulation in Europe (EMIR). In addition, he advises investment banks and other corporate and financial institutions on a full range of derivative products in over the counter, securities and fund wrappers, focusing particularly on tailored derivative transactions, such as corporate equity derivatives, structured repos and structured credit derivatives. He has extensive in house experience, having spent over seven years of his career as senior in house legal counsel at two leading US investment banks.

    Alastair Thomas

     
    Alastair Thomas is Head of Rates and Treasury Management the ECM Asset Management team at Wells Capital Management. Alastair has spent more than 26 years in finance and portfolio management, and joined WellsCap from ECM, where he has been since 2002. He is responsible for all active and passive interest rate and foreign exchange management and the treasury function for all of ECM's portfolios. Alastair is also a member of ECM's Investment Strategy Committee. Previously he held additional responsibilities as a portfolio manager trading various credit sectors. Prior to joining ECM, Alastair was at Dresdner where he was a director responsible for sterling interest rate derivatives, gilts, and AAA bond trading. Prior to that, he traded various interest rate derivatives, asset swaps and total return swaps at Merrill Lynch for over seven years. Alastair started his career in 1989 at Price Waterhouse. Alastair is a chartered accountant and holds a master's degree in engineering sciences from Oxford University.

    Date: Wednesday, 9 March, 2016
    Starting at: 15:00 GMT, 10:00 EST
    Location: London
    Contact: Miles Reucroft