New swaps margin hub aims to solve disputes pre-call

Matching up risk factors should avoid collateral headaches, hub hopes

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Pre-call reconciliation could avoid surge in disputes

The swap market's new hub for the margining of non-cleared trades will seek to avoid a wave of collateral disputes by ensuring counterparties agree on the size of the call in advance, according to one of the executives involved in the project.

"By reconciling inputs pre-call, disputes can be addressed in real time in advance of the calls going out, thereby resolving these disputes before the calls are even initiated," says Chris Walsh, chief executive of Boston-based margin messaging specialist

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