White papers
Financing Risks Revisited
Recent trading losses suffered by some dealers triggered a review of risk policies and business activities across the industry. Financing risks pervade many products and transactions, paving the way for future losses if they are not managed with rigor and consistency. This article highlights more than three dozen best practices for securities finance and delta-one derivatives that collectively provide a roadmap to a robust business model and a toolkit to diagnose existing practices. It is important to review these fundamental principles in order to reset risk parameters, tighten operations, and avoid losses that can exceed the profitability of the businesses themselves
Clearing for Equity Swaps: The Time is Right
This whitepaper, created in partnership with LSEG, explores the trends and challenges of bringing clearing to the equity swaps market.
It covers:
An examination of the difficulties to date in providing cleared solutions in equity swaps markets
The reasons why clearing is now a very compelling response to rising pressures for participants; and
An overview of LSEG’s new product offering
