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| | THE SINGLE MONETARY POLICY IN STAGE THREE |
 | | Counterparties without a safe custody account with a national central bank or a securities settlement account with a securities depository easily accessible to the relevant national central bank may settle the transactions of underlying assets through a securities settlement account with a custodian. | | | Counterparties' tender bids must be in a form that follows the pro forma example provided by the national central banks for the relevant operation. | | | Counterparties are expected always to be in a position to cover their tender bids by a sufficient amount of eligible underlying assets. |
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http://www.uni-siegen.de/~vwlii/auwipol/EMI/tabt08_6.htm
(3968 words)
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| | [No title] |
| | Because counterparties have the potential to lose money when trades do not clear because of subsequent changes in market conditions, counterparties frequently desire to, and are frequently required by their parent entities to, limit their risk exposure. | | | Interface 1300 may list all account level limits for a counterparty in list 1302, the counterparty level limits for the counterparty in region 1304, and accounts which do not have their own limits and which are therefore subject to the counterparty level limits for the counterparty. | | | More particularly, the present invention is systems and methods for monitoring credit of trading counterparties that enable trading systems and credit managers to monitor credit of trading counterparties and thereby control the risk that the trading system and the trading participant are exposed to. |
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http://www.wipo.int/cgi-pct/guest/getbykey5?KEY=01/50329.010712&ELEMENT_SET=DECL
(6644 words)
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| | FCA Info Memo - Counterparty Risk |
| | Counterparty risk derives from the exposure to a single party in a financial transaction. | | | Another source of counterparty risk is credit enhancements, such as standby commitments, guarantees, and recourse on loans. | | | (1) Exposure to counterparty risk in financial transactions is similar to exposure to loss from a single credit risk in loans. |
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http://www.fca.gov/apps/infomemo.nsf/0/21eb946f2c2402f485256dc8004c9dc4?OpenDocument
(782 words)
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| | Hedge Funds, Leverage and the Lessons of Long-Term Capital Management: Report of the President's Working Group on ... |
| | The LTCM Fund's counterparties would have had to manage the effects of the direct credit losses from the default as well as further indirect effects if the default accelerated a flight to safety and liquidity that was already occurring. | | | The primary trading counterparties and creditors to the LTCM Fund were themselves the firms most exposed in a default scenario. | | | The current credit exposure at a moment in time is the market value of the contract, and represents the replacement cost of the contract if one party to the transaction defaults at that moment. |
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http://www.cftc.gov/tm/tmhedgefundreport.htm
(13443 words)
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| | Federal Reserve Bulletin: U.S. Bank Exposure to Emerging-Market Countries during Recent Financial Crises - Statistical ... |
| | Counterparty credit risk relates to the inability of a counterparty to repay and may arise from country-specific factors, such as general economic or political disruptions; for example, a sharp recession in a foreign country might cause a foreign counterparty to go bankrupt. | | | In contrast, combined cross-border and local claims on counterparties in emerging-market countries fell from $195 billion to $183 billion, a 6 percent drop.(6) Cross-border claims fell significantly over the period, from $108 billion to $88 billion, while local claims rose 9 percent, from $87 billion to $95 billion. | | | Transfer risk arises when exchange-rate difficulties (such as a depreciation or currency controls) impair those claims that are not offset by local liabilities; for example, a foreign counterparty might have difficulty acquiring U.S. dollars to repay an obligation that is not denominated in its home currency. |
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http://www.findarticles.com/p/articles/mi_m4126/is_2_86/ai_60060220
(827 words)
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| | Comments of J.M. Liftin and R.S. Blanc on S7-30-97: OTC Derivatives Dealers |
| | In the case of OTC derivatives, where there is not the credit of a registered clearing corporation to rely on, the creditworthiness of the counterparty, at the time the relationship is created and at the time the transaction is concluded, are essential to the success of the transaction. | | | The net capital rule is premised on a liquidity-based notion that there should be an equity cushion of cash and assets that can be readily converted into cash to support a broker-dealer's liability to customers for their cash and securities left with the broker-dealer. | | | As a result, financial institutions and other sophisticated market participants continually evaluate the financial wherewithal of the counterparties with which they deal, whether their relationship is one of creditor to lender, swap counterparty, options counterparty or some other obligor/obligee relationship. |
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http://www.sec.gov/rules/proposed/s73097/liftin6.htm
(2339 words)
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| | A.G. Edwards, Inc. 2001 Annual Report |
| | In the event customers or other counterparties, such as broker-dealers or clearing organizations, fail to satisfy their obligations, the Company may be required to purchase or sell financial instruments in order to fulfill its obligations at prices that may differ from amounts recorded in the consolidated balance sheet. | | | To the extent these counterparties are unable to fulfill their contracted obligation to return securities pledged, the Company is exposed to the risk of obtaining securities at prevailing market prices to meet its customer obligations. | | | The risk of loss on unsettled transactions is identical to that of settled transactions and relates to customers’ and other counterparties’ inability to fulfill their contracted obligations. |
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http://www.agedwards.com/annualrpt/ar01/notes_10.html
(604 words)
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| | NCFS Note 5, and Note 6 |
| | The total exposure to these counterparties, excluding collateral held, was $3,642 or 2.1% of total assets. | | | Liabilities to other brokers and dealers related to unsettled transactions (i.e., securities failed-to-receive) are recorded at the amount for which the securities were acquired and are paid upon receipt of the securities from other brokers or dealers. | | | Presented below is a summary of counterparty credit ratings for the replacement cost (net of $2,186 collateral) of trading derivatives in a gain position by maturity at December 29, 1995. |
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http://www.ml.com/annualmeetingmaterials/annrep95/notes3.htm
(1789 words)
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| | [No title] |
| | If contracts are transferred to an institution which does not meet with the approval of the solvent counterparties, the latter may be forced to assume credit risk which they otherwise would have avoided. | | | This would increase uncertainty among market participants, arbitrarily shift the costs of a bank failure from the FDIC to the counterparties of the failing bank, and hamper institutions in their risk management efforts. | | | A derivatives transaction is a bilateral transaction negotiated between two counterparties which derives its value from some underlying asset, reference rate, or index. |
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http://www.rkba.org/libertarian/cei/derivatives
(1390 words)
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| | Netting |
| | Payment netting reduces settlement risk: If counterparties are to exchange multiple cash flows during a given day, they can agree to net those cash flows to one payment per currency. | | | In the event that a counterparty defaults, or some other termination event occurs, the outstanding contracts are all terminated. | | | Because credit exposure to each counterparty is spread across all participants, there is less incentive for each participant to scrutinize the credit worthiness of each other counterparty. |
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http://www.contingencyanalysis.com/glossary/articles/netting.htm
(694 words)
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| | Derivative security -- Facts, Info, and Encyclopedia article |
| | This means that a bank’s obligation, in the event of the default or insolvency of one of the parties, would be the net sum of all positive and negative fair values of contracts included in the bilateral netting arrangement. | | | Gross Positive Fair Value: The sum total of the fair values of contracts where the bank is owed money by its counterparties, without taking into account netting. | | | High-Risk Mortgage Securities: Securities where the price or expected average life is highly sensitive to interest rate changes, as determined by the FFIEC policy statement on high-risk mortgage securities. |
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http://www.absoluteastronomy.com/encyclopedia/d/de/derivative_security.htm
(2135 words)
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| | [No title] |
| | Generally, counterparty credit limits are set for each bank or each trading floor and the host computer establishes a gross counter party credit limit for each possible pair of counterparties. | | | As the system is anonymous the trader has no knowledge of the counterparty until a trade as been completed and so, when he hits a bid or offer, has no idea as to whether it is likely to be accepted or rejected for lack of credit. | | | The gross counter party credit limit is the minimum amount of remaining credit between two counterparties. |
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http://www.wipo.int/cgi-pct/guest/getbykey5?KEY=01/98966.011227&ELEMENT_SET=DECL
(6810 words)
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| | Federal Reserve Bulletin: U.S. Bank Exposure to Emerging-Market Countries during Recent Financial Crises - Statistical ... |
| | For example, even though total claims on counterparties in Latin America registered double-digit growth, that growth rate was outpaced by that of the reporting banks' total assets, thus driving the percentage of claims-to-assets for that region lower. | | | The cross-border claims on Latin American counterparties were distributed more between the public sector and nonbank private sector, so that this region's increased share of the aggregate contributed to the overall sectoral pattern over the two years. | | | In Russia, the precipitous fall in cross-border claims was driven largely by a 92 percent decline in claims on the public sector, representing a default by the Russian government on its foreign-currency bonds in August and September 1998. |
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http://www.findarticles.com/p/articles/mi_m4126/is_2_86/ai_60060220/pg_6
(956 words)
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| | FRB: Supervisory Letter SR 99-3 (SUP) on supervisory guidance regarding counterparty credit risk management--February ... |
| | Are moving in a timely fashion to enhance their measurement of counterparty credit risk exposures, including the refinement of potential future exposure measures and the establishment of stress testing methodologies that better incorporate the interaction of market and credit risks. | | | Accordingly, in reviewing areas dealing with counterparty credit risk management, examiners should identify the types of credit enhancements and contractual covenants used by an institution and determine whether the institution has sufficiently assessed their adequacy relative to the risk profile of the counterparty. |
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http://www.federalreserve.gov/boarddocs/SRLETTERS/1999/SR9903.HTM
(4699 words)
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| | Recommendations for Central Counterparties (CPSS Publications No. 61, March 2004) |
| | A CCP interposes itself between counterparties to financial transactions, becoming the buyer to the seller and the seller to the buyer. | | | This is the third report prepared by the Task Force on Securities Settlement Systems, which was jointly established by the Committee on Payment and Settlement Systems (CPSS) of the central banks of the Group of Ten countries and the Technical Committee of the International Organization of Securities Commissions (IOSCO) in December 1999. | | | Recommendations for Central Counterparties aims to set out comprehensive standards for risk management of a central counterparty (CCP). |
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http://www.bis.org/publ/cpss61.htm
(533 words)
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| | Bank of England Quarterly Bulletin: Bank of England's operations in the sterling money markets, The |
| | The Bank's present main counterparties are the discount houses, all of which are active participants in the bill and/or gilt repo markets. | | | There will be no requirement for the Bank's money-market counterparties to be separately capitalised or specialist entities, and there will be no special supervisory arrangements for counterparties per se; prudential oversight of their activities as a whole will remain with their existing supervisor. | | | The Bank will invite its counterparties to bid for funds by way of repo of gilts, eligible bills and/or marketable HM Government foreign currency debt, and/or outright sale of eligible bills. |
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http://www.findarticles.com/p/articles/mi_qa3774/is_199702/ai_n8755540
(1001 words)
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| | THE SINGLE MONETARY POLICY IN STAGE THREE |
| | Counterparties must fulfil any operational criteria specified in the relevant contractual or regulatory arrangements applied by the respective national central bank (or the ECB), so as to ensure the efficient conduct of ESCB monetary policy operations. | | | If no minimum reserves are applied, the range of counterparties eligible to access standing facilities and open market operations is restricted to credit institutions established in the euro area. | | | For outright transactions, no restrictions are placed a priori on the range of counterparties. |
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http://www.uni-siegen.de/~vwlii/auwipol/EMI/tabt08_3.htm
(854 words)
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| | Administration of Relationships with Foreign Exchange Counterparties - Federal Reserve Bank of New York |
| | The FRBNY engages in trading relationships with counterparties in order to conduct foreign exchange operations for the U.S. monetary authorities and to execute transactions for foreign central banks, U.S. government agencies, and multinational development organizations. | | | Taking into account these developments, the FRBNY is updating the criteria for eligibility and performance as a foreign exchange counterparty, with the continued objectives of effectively conducting transactions in the foreign exchange market and gathering information that is useful to the U.S. monetary authorities. | | | Provide the trading desk with market information and analysis that is useful to the U.S. monetary authorities and is based upon a meaningful presence in the markets in which the FRBNY has an interest. |
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http://www.ny.frb.org/markets/fxop_policies.html
(822 words)
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| | FRB: Federal Reserve Board Testimony from 03/24/1999 |
| | Banks are also moving to develop more realistic counterparty credit risk exposure measures including the development of various types of stress testing of their credit risk exposures to major counterparties. | | | It could be argued that, to a large extent, the fundamental principles of assessing counterparty credit risks, the measuring and stress testing of the potential future exposures of derivative positions, and the dangers of over-reliance on collateral have been well documented in supervisory guidance for several years. | | | The guidance specifically addresses four basic elements of counterparty credit risk management systems: the assessment of counterparty creditworthiness; credit risk exposure measurement; the use of credit enhancements and contractual covenants; and credit risk exposure limit-setting and monitoring systems. |
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http://www.federalreserve.gov/boarddocs/testimony/current/19990324.htm
(4080 words)
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| | 2001 ISDA Credit Support Protocol |
| | Parties that have a significant number of credit support arrangements outstanding with counterparties may find the Protocol a useful means of affecting amendments to those existing arrangements. | | | The Protocol is designed for all types of users of derivatives: banks, corporations, governments, investment firms, insurance companies, pension funds and other firms with credit support arrangements documented using ISDA documentation. | | | The Protocol builds on the simple principle that parties to such agreements may make an offer to one or more of their counterparties to amend any outstanding credit support annexes. |
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http://www.isda.org/protocol/credit_faq.html
(2508 words)
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| | [No title] |
| | In addition to working with credit worth counterparties, I also believe the large and profitable mutual fund company such as PIMCO or Fidelity would make their shareholders whole on swap a transaction in the unlikely event that a counterparty did default. | | | Thank you for the clarification on credit risk (counterparty default risk) in swap transaction. | | | I looked at the Oppenheimer commodity fund annual report (8/2004) and it shows that 14% of the fund assets are in commodity related derivatives (the remainder are invested primarily in fixed income securities). |
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http://socialize.morningstar.com/NewSocialize/Asp/FullConv.asp?forumId=F100000015&convSeqNumber=42349&mrr=1118196600
(1275 words)
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| | The Central Bank & Financial Services Authority of Ireland : Financial Market Operations : Counterparties & Eligible ... |
| | In order to be an eligible counterparty for monetary policy operations, a credit institution must be subject to the Eurosystem's minimum reserve system and be financially sound. | | | In addition, counterparties must fulfil any operational criteria specified in the regulatory arrangements applied by their NCB, or the ECB, so as to ensure the efficient conduct of Eurosystem monetary policy operations. | | | For outright transactions, no restrictions are placed on counterparties. |
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http://www.centralbank.ie/fmo_coun.asp
(454 words)
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| | Re: Setting Client credit limits |
| | AAA-rated counterparties would have limits far in excess of their needs or lower-rated counterparties would have insufficient credit. | | | Setting credit limits so that every counterparty entails the same expected loss would result in very skewed limits. | | | At a minimum, you should take into account the profitability of counterparties. |
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http://www.contingencyanalysis.com/archive/archive03-2/00000084.htm
(102 words)
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| | ABA Banking Online |
| | For the counterparties that pose an important exposure for us, we talk to their managements at the time they are dealing with market changes. | | | And, ultimately, the counterparties and correspondents of large banks will have to understand the novel ways that bank managers will use to employ their capital, not least to draw timely conclusions about the relative efficiency of these huge financial organizations. | | | Alix: It’s very difficult to anticipate, for credit risk analysis, how a counterparty’s management would react to unanticipated changes in their markets—whether by reducing risk, shutting down the business, or whatever the case may be. |
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http://www.ababj.com/webonly/viewnews.cgi?category=5&id=1048042849
(2140 words)
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| | ECB Public Consultations - Measures to improve the collateral framework of the Eurosystem |
| | 20) In the event that a counterparty is using assets that, owing to an identity with the issuer/guarantor or the existence of close links, it may not or no longer use to secure an outstanding credit, it is obliged to immediately notify the relevant national central bank thereof. | | | All tier one assets may be used in a cross-border context, implying that a counterparty can receive credit from the national central bank of the Member State in which the counterparty is established by making use of tier one instruments located in another Member State (see Section 6.6). | | | Would counterparties be ready to offset, at least in part, the costs to the Eurosystem by paying a fee for the bank loans to be eligible within the Eurosystem as a whole? |
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http://www.bportugal.pt/euro/consultas/2003/pc_op_credito_e.htm
(3638 words)
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| | National Futures Association News Center |
| | One of the primary purposes of the proposed reporting requirements is to provide creditors, counterparties and investors with the information needed to evaluate the risk of doing business with hedge funds such as Long Term, thereby enhancing the market discipline provided by these entities and reducing systemic risk. | | | We also agree that these policies should be reduced to writing and that access to these policies could provide valuable information to creditors, counterparties, and investors when evaluating the riskiness of a particular entity. | | | Moreover, it is our understanding that creditors/counterparties require and receive from hedge funds much more current financial information for these evaluations. |
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http://www.nfa.futures.org/news/newsComment.asp?ArticleID=318
(608 words)
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| | The Depository Trust & Clearing Corporation - @DTCC - Global Conference on Central Counterparties |
| | A central counterparty is a specialized clearing institution that facilitates securities trading by standing between buyers and sellers to ensure that money and securities change hands smoothly and efficiently. | | | DTCC, the world’s largest securities clearance and settlement organization, has called on the financial services industry to develop a global clearing solution to lower cost, reduce risk and facilitate the growth of financial instruments trading worldwide. | | | The conference, to be held next year in Europe, will explore practical global issues that will impact the development of central counterparties (CCPs) worldwide. |
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http://www.dtcc.com/Publications/dtcc/oct00/global.html
(594 words)
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| | FR Doc 04-27287 |
| | The extent to which the foreign agent or counterparty is subject to anti-money laundering requirements in its jurisdiction and whether it has established such controls. | | | The nature of the foreign agent or counterparty's business, the markets it serves, and the extent to which its business and the markets it serves present an increased risk for money laundering or terrorist financing. | | | On balance, however, we believe that outlining the requirements for dealing with foreign agents and counterparties, including informal networks, is appropriate in light of the risks of money laundering and the financing of terrorism. |
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http://a257.g.akamaitech.net/7/257/2422/06jun20041800/edocket.access.gpo.gov/2004/04-27287.htm
(2014 words)
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| | ECB: BIS Triennial Survey 2004 |
| | The euro was involved in 60% of foreign exchange transactions performed by euro area counterparties and was predominantly exchanged against the US dollar (that currency pair accounting for 45% of euro area foreign exchange turnover; see Table 4). | | | The average daily turnover for over-the-counter (OTC) derivatives, which include foreign exchange contracts, such as currency swaps and options, and interest rate instruments, was significantly higher in April 2004 than it had been in 2001 (overall OTC derivatives turnover rose from USD 575 billion in 2001 to USD 1,220 billion in 2004). | | | Deals by euro area counterparties totalled around USD 289 billion (see Table 5), accounting for around 20% of the total reported OTC derivatives turnover in net terms (i.e. |
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http://www.ecb.int/press/pr/date/2004/html/pr040928.en.html
(1272 words)
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| | Advent's Moxy Trade Order Management System Leads in Automated Connectivity to Trade Counterparties |
| | Moxy® users have the flexibility to trade easily with hundreds of counterparties, streamline their workflow, and achieve a greater level of scalability than ever before. | | | Moxy®, Adventâs trade order management system used by nearly 700 firms worldwide, provides direct connectivity to the industryâs mission-critical trade counterparties, including crossing networks, FIX trading networks, direct market access providers, liquidity providers for fixed income, prime brokers, and SMA plan sponsor platforms. | | | San Francisco, June 15, 2005 â“ Advent Software, Inc. (NASDAQ: ADVS), the leading provider of software and services to the investment management industry, announces its growing list of trade connectivity destinations in its continuous effort to provide the most comprehensive trade order management solution to the buyside. |
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http://www.advent.com/about/news/press_releases/061505
(367 words)
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| | TowerGroup Predicts CLS Volume to Increase by up to 90% in Eighteen Months |
| | Seventy-seven per cent of Member respondents reported changes to the credit approval process for CLS counterparties, with 59% reducing use of credit limits, and 15% eliminating settlement limits for CLS counterparties. | | | Similarly, among third- party respondents, 54% report changed trading practices with counterparties, of which 68% indicate that they tend to favour CLS counterparties. | | | Twenty-four per cent of Member respondents (compared with 19% in last year's survey) report changed trading practices with counterparties, of which 80% indicate that they tend to favour CLS counterparties. |
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http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/05-24-2004/0002180235&EDATE=
(1042 words)
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| | Political Derivatives in Campaign 2000 |
| | Rather, as bank assets, they are loans of varying quality depending upon the particular counterparty and the maturity. | | | However, in a passage of particular relevance to gold, the report underscores (at page 20) the dual nature of liquidity risk: (1) funding liquidity, or the ability to meet when due the demands of counterparties; and (2) asset liquidity, or the ability to liquidate or cover positions in the relevant asset market. | | | Although comprising what is by far the smallest discrete sector of the global derivatives business, gold derivatives seem to have created the worst problems. |
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http://www.gata.org/political_derivatives_in_campa.html
(11688 words)
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| | - The Bank of New York |
| | We may disclose non-public information about our counterparties to our affiliates, such as banks, mortgage lenders, and securities broker-dealers, in order to provide our counterparties with access to product offerings and product upgrades, and in order for our affiliates to provide services to us, such as data processing and marketing services. | | | We may disclose non-public information about our counterparties to non-affiliated third parties including, but not limited to, those with whom we have contracted to perform services on our behalf, such as marketing of our products and services, as well as non-affiliated financial institutions with which we have joint marketing agreements. | | | This policy is applicable to broker dealer and institutional counterparties of BNY Capital Markets, Inc. This website is not accessible to retail customers of BNY Capital Markets, Inc. A separate privacy policy exists for retail customers of BNY Capital Markets, Inc. |
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http://www.bankofny.com/cmi/mprivacy.htm
(390 words)
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| | Reconciliation Solutions: Collateral Reconciliation Software Solution |
| | This, coupled with the record number of recent high-profile corporate defaults has led many institutions to focus on their collateral management programs as a way of increasing credit default protection. | | | Examples include: Match Criteria Report, Counterparty Report, Daily STP Report, Mark-to-Market Difference Report, Outstanding Trades Report, etc. | | | Define matching criteria to accept valuation tolerance appropriate for your individual business needs |
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http://www.sungard.com/products_and_services/epi/epi_reconciliation_solutions_collateral_reconciliation.htm
(344 words)
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| |
| | EH.Net Encyclopedia: A History of Futures Trading in the United States |
| | The futures contact is an efficient form of collateral because it costs only a fraction of the inventory’s value, or the margin on a short position in the futures market. | | | Speculators make the hedge possible because they absorb the inventory’s price risk; for example, the ultimate counterparty to the inventory dealer’s short position is a speculator. | | | The clearinghouse is the counterparty to every trade – its members buy every contract that traders sell on the exchange and sell every contract that traders buy on the exchange. |
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http://eh.net/encyclopedia/?article=Santos.futures
(7660 words)
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| | The Bank - Eligible Counterparties |
| | The set of counterparties for these operations is limited to those institutions selected for ESCB foreign exchange intervention operations which are located in the euro area. | | | For outright transactions, no restrictions are placed a priori on the range of counterparties. | | | The ESCB may select a limited number of counterparties to participate in fine-tuning operations. |
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http://www.bportugal.pt/bank/policies/contrapartes_e.htm
(137 words)
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| | Sveriges Riksbank/Riksbanken - Counterparties |
| | Unlike counterparties of exchange rate policy, monetary policy counterparties must be participants in the RIX payment system. | | | However, an institution can choose to participate in RIX without being a monetary policy counterparty. | | | List of counterparties/participants Requirements for counterparties/participants To become a counterparty/participant Price list for RIX Reporting (Selma) |
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http://www.riksbank.se/templates/Page.aspx?id=12486
(91 words)
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| | Who are your counterparties? -- HedgeLender Corporation, Inc. |
| | The HedgeLoan process depends on our special relationships with top-tier counterparties at leading institutions to create the back-end risk reduction that allows us to provide stock loans with no margin calls in a 90% loan-to-value, non-recourse package. | | | Together, these steps provide our clients with maximum confidence that their shares are in good hands from start to finish. | | | Please note that HedgeLoan when used with the Stock to Cash program also offers investment-grade-rated assurances from these counterparties, ensuring that the counterparty will execute the terms of the contract regardless of the status of HedgeLender. |
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http://www.hedgelender.com/counterparties.htm
(441 words)
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| | Communicator Inc |
| | All you have to do is notify your counterparties that Communicator is managing your paper-based confirmations. | | | The vision of STP promises to minimize the risks associated with swaps transactions. | | | No software installation or development resources are required to start using the ISDA Confirmations Module. |
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http://www.communicatorinc.com/ComplianceHub_ISDA_Confirmations_Module.html
(270 words)
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| | World at risk |
| | Some banks will provide them willingly, satisfying the authorities with the formalities of due diligence that have increased in volume in recent years in response to the perceived terrorist threat to the economic system. | | | Global corporations are driven by competitive pressures to spread into risky new markets and deal with unknown and possibly criminal counterparties. | | | When doing business in many parts of the world contact with corruption and illegality is hard to avoid. |
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http://www.learnthis.info/articles/news/current_events/world-risk.html
(3761 words)
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| | (WO 01/50329) SYSTEMS AND METHODS FOR MONITORING CREDIT OF TRADING COUNTERPARTIES |
| | (57) Systems and methods are provided which monitor trades entered into and cleared by counterparties, track the net and gross positions of counterparties and the counterparties' parent entities, trigger warnings when counterparties or their parent entities exceed a warning limit, and shut-off counterparties' trading ability when counterparties exceed a credit limit. | | | SYSTEMS AND METHODS FOR MONITORING CREDIT OF TRADING COUNTERPARTIES | | | (WO 01/50329) SYSTEMS AND METHODS FOR MONITORING CREDIT OF TRADING COUNTERPARTIES |
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http://wipo.int/cgi-pct/guest/getbykey5?KEY=01/50329.010712&ELEMENT_SET=DECL
(163 words)
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| | Leading counterparties - Creditflux |
| | News and analysis of the global credit derivatives market | | | Leading portfolio credit swap counterparties, Q1 2005: asset-referenced trades** | | | Leading portfolio credit swap counterparties, Q1 2005: ABS-referenced trades |
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http://www.creditflux.com/public/tables/2005_05
(110 words)
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| | Leading counterparties - Creditflux |
| | Leading portfolio credit swap counterparties, 2004: all bespoke trades* | | | Leading portfolio credit swap counterparties, 2004: asset-referenced trades |
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http://www.creditflux.com/public/tables/2005_02
(83 words)
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| | Mirant Counterparties Sign on to Assurance Program |
| | This program supports the company's ability to continue its asset optimization and risk management operations without interruption. | | | The Court order authorizes immediate relief to honor any and all obligations under existing and future trading and marketing contracts (known as "safe harbor" contracts) that support Mirant's extensive asset base. | | | ATLANTA, July 15 /PRNewswire-FirstCall/ -- Mirant (NYSE: MIR) today said that a number of its counterparties have signed on to its Counterparty Assurance Program and that the vast majority of others are continuing to deliver product while reviewing the company's Counterparty Assurance Program. |
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http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/07-15-2003/0001982401&EDATE=
(271 words)
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| | Manifesto for the Reputation Society |
| | Reputation systems can reduce the proportion of active participants required via two complementary methods: reducing the impact of free riders, and easing the effort required for active investigation. | | | Trade usually depends on a reasonable level of trust, with a thicker layer reducing many costs for compliance and monitoring, and generally making life more pleasant all around. | | | With the same degree of native trust, people will be willing to engage in more trusting behavior if a reputation system can give credibility to claims of past good behavior, and increase the costs and thus reduce the risk of potential negative behavior by counterparties. |
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http://www.firstmonday.org/issues/issue9_7/masum
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| | Find in a Library: Recommendations for central counterparties |
| | WorldCat is provided by OCLC Online Computer Library Center, Inc. on behalf of its member libraries. | | | Find in a Library: Recommendations for central counterparties |
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http://worldcatlibraries.org/wcpa/ow/7f8e40ad2a9c6150a19afeb4da09e526.html
(59 words)
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