ISDA

The ISDA AGM is Back in Person!

Retrieved on: 
Tuesday, February 22, 2022
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Journalists are invited to attend all social events, including the pre-conference welcome reception on Tuesday May 10 at Casino de Madrid at 7:30PM.

Key Points: 
  • Journalists are invited to attend all social events, including the pre-conference welcome reception on Tuesday May 10 at Casino de Madrid at 7:30PM.
  • Since 1985, ISDA has worked to make the global derivatives markets safer and more efficient.
  • Information about ISDA and its activities is available on the Associations website: www.isda.org .
  • ISDA is a registered trademark of the International Swaps and Derivatives Association, Inc.
    View source version on businesswire.com: https://www.businesswire.com/news/home/20220222005018/en/

SOFR Academy Engages Invesco Indexing as Index Provider of Across-the-curve Credit Spread Index (AXI)

Retrieved on: 
Monday, February 7, 2022
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Andrew Waisburd, Head of Invesco Indexing, commented, We are pleased to be selected by SOFR Academy to play this important role.

Key Points: 
  • Andrew Waisburd, Head of Invesco Indexing, commented, We are pleased to be selected by SOFR Academy to play this important role.
  • SOFR Academy conducted a Request for Proposal (RFP) in 2021 to identify an index provider for the Across-the-Curve Credit Spread strategy to meet market demand for a robust credit sensitive supplement to SOFR.
  • The USD Invesco / SOFR Academy Across-the-Curve Credit Spread Index will be calculated daily and published at 8 AM ET, using the prior days transaction data, on a T+1 basis.
  • AXI is a robustly defined forward looking credit spread index that may be used in conjunction with SOFR, CME Term SOFR, simple daily SOFR, SOFR compounded in arrears, or other SOFR variants to form a credit sensitive interest rate.

Oxford University Professor of Financial Economics Joel Shapiro to Join SOFR Academy’s Panel of Advisors

Retrieved on: 
Thursday, January 6, 2022
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SOFR Academy, Inc. today announced that Professor Joel Shapiro has been appointed to the firms Panel of Advisors effective immediately.

Key Points: 
  • SOFR Academy, Inc. today announced that Professor Joel Shapiro has been appointed to the firms Panel of Advisors effective immediately.
  • Shapiro is a tenured Professor of Financial Economics at the Sad Business School, University of Oxford in the United Kingdom, where he has taught since 2009.
  • Professor Joel Shapiro said, I am delighted to be joining SOFR Academy.
  • The Firms panel of advisors includes academics from Harvard University, the University of California Berkeley, New York University, Oxford University and Tsinghua University, as well as experienced financial services professionals.

ICE Transitions Sterling and Euroswiss LIBOR-based Derivatives to SONIA and SARON Ahead of Sterling and Swiss Franc LIBOR Cessation

Retrieved on: 
Tuesday, December 21, 2021
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The transition completes ICEs LIBOR cessation process for these contracts and ICE SONIA is now the benchmark contract for managing U.K. short term interest rate risk, said Steve Hamilton, Global Head of Financial Derivatives at ICE.

Key Points: 
  • The transition completes ICEs LIBOR cessation process for these contracts and ICE SONIA is now the benchmark contract for managing U.K. short term interest rate risk, said Steve Hamilton, Global Head of Financial Derivatives at ICE.
  • Open interest in SONIA futures and options stands at 6,976,654 with open interest of 153,208 in SARON.
  • At ICE Mortgage Technology , we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration.
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.

Bloomberg Introduces Pre-Trade SIMM Calculations to Support Phase 6 Initial Margin UMR Adherence

Retrieved on: 
Wednesday, December 8, 2021
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The new calculations enable clients to run pre-trade SIMM analytics through Bloomberg's Multi Asset Risk Solutions (MARS) using Acadia's IMEM CRIF data capabilities.

Key Points: 
  • The new calculations enable clients to run pre-trade SIMM analytics through Bloomberg's Multi Asset Risk Solutions (MARS) using Acadia's IMEM CRIF data capabilities.
  • MARS SIMM is an optimization tool that allows traders to improve their front office decision making in light of the current Uncleared Margin Rule framework.
  • The integration enables clients to run SIMM pre-trade analytics through MARS SIMM using Acadia's Initial Margin Exposure Manager (IMEM) CRIF capabilities.
  • Since 2018, the service has enabled market participants in-scope for the calculation of initial margin for uncleared derivatives access to risk sensitivities calculation services both through Bloomberg and Acadia.

ICE Benchmark Administration Provides Update Regarding LIBOR® Cessation and "Synthetic" LIBOR

Retrieved on: 
Friday, November 19, 2021
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2 The ICE Term SONIA Reference Rate, which is a forward-looking term SONIA reference rate, provided by IBA.

Key Points: 
  • 2 The ICE Term SONIA Reference Rate, which is a forward-looking term SONIA reference rate, provided by IBA.
  • ICE Benchmark Administration is authorized and regulated by the Financial Conduct Authority for the regulated activity of administering a benchmark, and is authorized as a benchmark administrator under the UK Benchmarks Regulation.
  • LIBOR and ICE Benchmark Administration are registered trademarks of IBA and/or its affiliates.
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.

CloudMargin and Margin Tonic Introduce New AANA Service

Retrieved on: 
Monday, November 8, 2021
ISDA, Compliance, Software as a service, Industry, Deutsche Bank, European Union, International Swaps and Derivatives Association, Insurance, Union, Multimedia, Operate, Partnership, IHS Markit, Notional amount, Solution, UMR, AANA, Jefferies, SWIFT, Time, Education, OTC, Citigroup, Security (finance), Risk management

The joint subscription service automates the AANA calculation for clients on the CloudMargin platform, leveraging Margin Tonic's expertise in the multi-jurisdictional Uncleared Margin Rules and helping clients to fine-tune fit-for-purpose trading and compliance strategies.

Key Points: 
  • The joint subscription service automates the AANA calculation for clients on the CloudMargin platform, leveraging Margin Tonic's expertise in the multi-jurisdictional Uncleared Margin Rules and helping clients to fine-tune fit-for-purpose trading and compliance strategies.
  • The joint AANA service further strengthens the two companies' ongoing collaboration on multiple fronts, including an Initial Margin 'Health Check' service and other initiatives.
  • By introducing the joint AANA service with our partners at CloudMargin, we provide an AANA one-stop-shop, combining our industry-leading advice with their best-in-class technology.
  • Margin Tonic does this via its end-to-end service family, covering Advise, Transform, Educate and Operate streams.

CloudMargin and Margin Tonic Introduce New AANA Service

Retrieved on: 
Monday, November 8, 2021
ISDA, Compliance, Software as a service, Industry, Deutsche Bank, European Union, International Swaps and Derivatives Association, Insurance, Union, Operate, Partnership, IHS Markit, Notional amount, Solution, UMR, AANA, Jefferies, SWIFT, Time, Education, OTC, Citigroup, Security (finance), Risk management

LONDON, Nov. 8, 2021 /PRNewswire/ -- CloudMargin, creator of the world's first and only collateral and margin management solution native to the cloud, and Margin Tonic, an industry-leading service provider specialising in the collateral and post-trade domains, announced today that the two firms have partnered to launch a global Average Aggregated Notional Amount (AANA) calculation service for the latter phases of the Uncleared Margin Rules (UMR), combining CloudMargin's award-winning technology with Margin Tonic's expertise-led regulatory consultancy services.

Key Points: 
  • The joint subscription service automates the AANA calculation for clients on the CloudMargin platform, leveraging Margin Tonic's expertise in the multi-jurisdictional Uncleared Margin Rules and helping clients to fine-tune fit-for-purpose trading and compliance strategies.
  • The joint AANA service further strengthens the two companies' ongoing collaboration on multiple fronts, including an Initial Margin 'Health Check' service and other initiatives.
  • By introducing the joint AANA service with our partners at CloudMargin, we provide an AANA one-stop-shop, combining our industry-leading advice with their best-in-class technology.
  • Margin Tonic does this via its end-to-end service family, covering Advise, Transform, Educate and Operate streams.

LIBOR Transition on Track but Operational Hurdles Remain Finds Bloomberg and PRMIA Survey

Retrieved on: 
Friday, October 22, 2021
Solution, Bloomberg Terminal, USD, Technology, Contract, International Association, RFR Engineers, ISDA, Organization, Language, Nature, LIBOR, News, Bloomberg, Terminal, PRMIA, Management

NEW YORK, Oct. 22, 2021 /PRNewswire/ -- Firms that have LIBOR exposures are making progress in their preparations for the transition, but face a number of operational, technology and trading hurdles, according to a new survey by Bloomberg and the Professional Risk Managers' International Association (PRMIA).

Key Points: 
  • NEW YORK, Oct. 22, 2021 /PRNewswire/ -- Firms that have LIBOR exposures are making progress in their preparations for the transition, but face a number of operational, technology and trading hurdles, according to a new survey by Bloomberg and the Professional Risk Managers' International Association (PRMIA).
  • The results indicate that firms are aware of and planning for the LIBOR transition, but are executing the process with varying degrees of confidence.
  • According to the findings, 89% of respondents indicated that their firms would be mostly (54%) or completely (35%) ready for the transition on schedule.
  • However, the top challenges identified were technical in nature, demonstrating how the LIBOR transition poses difficult obstacles for even the most sophisticated firms.

SOFR Academy Publishes White Paper on Across-the-Curve Credit Spread Indexes (AXI & FXI) to Aid LIBOR Transition

Retrieved on: 
Tuesday, October 5, 2021
Banking, Professional Services, Data Management, Courts, White House, Federal Government, Technology, Other Education, University, Education, Finance, Congressional News, Views, Public Policy, Government, Loan Syndications and Trading Association, International Swaps and Derivatives Association, Federal Reserve Bank of New York, LSTA, Accidental Death and Disability: The Neglected Disease of Modern Society, London Interbank Bid Rate, Harvard University, American Bankers Association, Term, White paper, Credit, Use, APLMA, LIBOR, Association, FXI, MIT Sloan School of Management, Feedback, ISDA, IP, CME, Campus of the University of California, Berkeley, University, ARRC, Federal Reserve Bank, Asset-backed security, Intellectual property, Tsinghua University, Index, Company, SOFR, AXI, Financial services, Security (finance), the Across-the-Curve Credit Spread Indexes (AXI & FXI), SOFR Academy, the Secured Overnight Financing Rate, THE ACROSS-THE-CURVE CREDIT SPREAD INDEXES (AXI & FXI), SOFR ACADEMY, THE SECURED OVERNIGHT FINANCING RATE

SOFR Academy, Inc., a digital education and data provider, announced the publication of additional materials regarding the Across-the-Curve Credit Spread Indexes (AXI).

Key Points: 
  • SOFR Academy, Inc., a digital education and data provider, announced the publication of additional materials regarding the Across-the-Curve Credit Spread Indexes (AXI).
  • The additional materials include an AXI Technical White Paper and, with the permission of the Loan Syndications and Trading Association (LSTA), a draft Term SOFR + AXI concept credit agreement.
  • The AXI Technical White Paper contains details on AXI construction methodology, Term AXI rates, historical performance, underlying transaction volumes, fallback language and more.
  • SOFR Academy reserves all rights in the methodologies and outputs disclosed in this document, the white paper, the updates to the white paper and on SOFR Academys website.