CloudMargin unveils microsite for OTC derivatives
15 August 2017 London
Image: Shutterstock
CloudMargin has set up a new microsite called FlightPlan aimed at clarifying new OTC derivatives rules around the world.
The new microsite, designed by UK-based design agency Eight Arms, was created to help financial institutions globally become accustomed to the new margin rules and other regulations affecting their collateral management functions.
According to CloudMargin, FlightPlan will enable financial institutions to identify and personalise information most applicable to their businesses, as well as prepare them for regulatory changes and mandate implementations expected up until 2020.
The microsite also features a resource hub that includes additional industry tools, blog posts and articles.
Rules covering the central clearing of OTC derivatives have been coming into force since 2012, after G-20 leaders agreed on a range of measures for a safer and more secure derivatives market. They specifically challenged the trades that, at the time, were not centrally cleared.
New regulations occurring in 2017 include the end of the forbearance period on variation margin in multiple jurisdictions from 1 September, as well as the 15 December deadline relating to FINRA 4210.
In the new year, there is another deadline of 3 January for physically settled foreign exchange forwards.
Kari Litzmann, chief marketing officer at CloudMargin, said: “Just as CloudMargin simplified the collateral and margin management process for firms through a cost-effective, cloud-based workflow tool, FlightPlan seeks to cut through the clutter and simplify the process of accessing quality information so that firms can get back to doing what they do best.”
“We want this to be a go-to resource for firms affected by these new regulations, whether they operate in one country or in regions throughout the world.”
The new microsite, designed by UK-based design agency Eight Arms, was created to help financial institutions globally become accustomed to the new margin rules and other regulations affecting their collateral management functions.
According to CloudMargin, FlightPlan will enable financial institutions to identify and personalise information most applicable to their businesses, as well as prepare them for regulatory changes and mandate implementations expected up until 2020.
The microsite also features a resource hub that includes additional industry tools, blog posts and articles.
Rules covering the central clearing of OTC derivatives have been coming into force since 2012, after G-20 leaders agreed on a range of measures for a safer and more secure derivatives market. They specifically challenged the trades that, at the time, were not centrally cleared.
New regulations occurring in 2017 include the end of the forbearance period on variation margin in multiple jurisdictions from 1 September, as well as the 15 December deadline relating to FINRA 4210.
In the new year, there is another deadline of 3 January for physically settled foreign exchange forwards.
Kari Litzmann, chief marketing officer at CloudMargin, said: “Just as CloudMargin simplified the collateral and margin management process for firms through a cost-effective, cloud-based workflow tool, FlightPlan seeks to cut through the clutter and simplify the process of accessing quality information so that firms can get back to doing what they do best.”
“We want this to be a go-to resource for firms affected by these new regulations, whether they operate in one country or in regions throughout the world.”
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