In the early days of the interest rate swaps market, it could take several months to put together and execute a trade. Once a client with a particular need was found, a counterparty had to be identified that would take the other leg of the trade. Long and tortuous negotiation then ensued to agree a mutually acceptable price.
Although it was Citibank in the early 1980s that first truly grasped the fact that a swaps business could be rapidly built if the swaps book wasn't managed on this kind o
The week on Risk.net, October 6-12, 2017Receive this by email
- Quantile, TriOptima face off in cleared swaps compression battle
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- ABS set for revival under US Treasury’s liquidity buffer plans
- Industry hails potential US relaxation of margin timing rules