CDS Intermediation Gets Put on ICE but Doesn't Die [View article]
good write up - couple of issues/points to add.
- Expect dealers to be pretty strict in collateral requirements with buy-sides through CSA agreements - Will they net positions thus collateral? - Segregation + Portability of collateral accounts is key here i.e. if Buy-Side is posting collateral to Dealer-B and Dealer-B goes then the account should move swiftly to Buy-Sides back-up DCM - Dealer C.
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good write up - couple of issues/points to add.
Oct 05 05:01 am
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All Comments by jklondon »CDS Intermediation Gets Put on ICE but Doesn't Die [View article]
- Expect dealers to be pretty strict in collateral requirements with buy-sides through CSA agreements
- Will they net positions thus collateral?
- Segregation + Portability of collateral accounts is key here i.e. if Buy-Side is posting collateral to Dealer-B and Dealer-B goes then the account should move swiftly to Buy-Sides back-up DCM - Dealer C.