Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

10 December 2018

フィナンシャル・タイムズ紙: デリバティブ契約のクロージングの正式通知をめぐり英清算機関と欧銀に高まる不安


Default: Change to:


European banks face a crucial two-week period before finding out if they will receive formal notice to begin closing £45tn of derivatives positions in UK clearing houses, further raising their anxiety about access to London’s capital markets post-Brexit.


LCH, ICE Clear Europe and LME Clear, the London clearing houses, are weighing issuing the formal notices to EU members in the week before Christmas because of the uncertainty over the legal status of the contracts after March, according to three people involved in the process.

However, senior executives at clearing houses are sensitive to the symbolism of formal notification at a delicate point of negotiations between the UK and EU, the sources said. The clearing houses declined to comment.

Their hesitation underscores regulators’ concerns around clearing, which sits at the centre of global financial stability. The houses stand between parties in thousands of securities and derivatives deals and manage the risk to the market if one side defaults on payment. [...]

Full article on Financial Times (subscription required)



© Financial Times


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment