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Glossary

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Failure to fulfill the legal obligations or conditions of a loan, such as not making the required interest or principal payments.

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Repo
China launches new lending tool

China’s central bank will use outright reverse repos to trade with primary dealers in open market operations once a month, with a tenor of less than one year

Industry
Euronext Clearing expands to financial derivatives markets

The milestone marks the conclusion of the migration from LCH SA to Euronext Clearing and the end of the contractual relationship with LCH SA

Technology
VERMEG and IDClear to bring digital solutions to Indonesia

IDClear will extend its collaboration with VERMEG to include its Digital CCP platform

Derivatives
ISDA publishes digital framework on close-out of derivatives contracts

The ISDA Close-out Framework will serve as a resource to help firms and service providers prepare for any potential future stress events

Industry
ICE to launch clearing service for US Treasury market

The global data and technology provider will provide a clearing service for all US Treasury securities and repurchasing agreements

Industry
Euroclear Bank and Eurex Clearing further partnership

The announcement builds on the existing partnership between the organisations, with the central counterparty already using Euroclear Bank as an eligible securities settlement location

Regulation
Basel III Endgame and G-SIB Surcharge may reduce clearing access for SFT and derivatives markets

ISDA’s head of capital Panayiotis Dionysopoulos and head of clearing services Ulrich Karl speak to Bob Currie about the implications of the US Basel III Endgame and G-SIB Surcharge proposals

Industry
GFF: Financial institutions need to be prepared for potential volatility in 2024

The panellists emphasised the need for risk mitigation strategies due to geopolitical and economic uncertainties