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News & Updates
ISDA Common Domain Model: Get In Tune
The ISDA Common Domain Model (CDM) is a digital representation of the events and actions surrounding derivatives trading, a standardisation initiative that ISDA has been working on for a few years. Version 2.0 of the CDM included an initial representation of the ISDA...
Derivatives Contract Risk
Better risk management preparations in light of COVID-19 Shock The economic fall out from the global pandemic is already being felt in a number of places in the financial sector, but the true extent is still largely hidden with governments doing their best to prop up...
Regulatory Capital / IMM
The ECB recently published its assessment methodology for banks using the internal model method (IMM) for calculating counterparty credit risk and credit valuation adjustment risk. Given the very large differences IMM has on regulatory capital versus standard...
Know Your Master Agreements – be prepared for the next crisis
The frameworks of standard documentation for OTC Derivatives, Securities Lending and Repurchase Agreements have been tested by a succession of financial crises since they were widely adopted in the 1990’s. The Asian currency crisis, the Russian debt default, the...
Is your contract analysis tool just a new version of an expensive spreadsheet?
Way back in 2013 I wrote an article in FX-MM magazine (no longer operating) about the ‘false economy of the million dollar spreadsheet’. The article was inspired by the panic that happened across the financial markets in the wake of the financial crisis. Banks...
LIBOR-Lite Module Launched – Low Cost Start To Benchmark Reform
Stop talking, start doing! Logical Construct are pleased to launch a new LIBOR module designed for organisations looking for a low-cost solution to automate the first stage of benchmark reform contract analysis. Recent market surveys indicate a large number of...