04815nam 2200649 a 450 991045772480332120200520144314.01-280-63905-997866106390520-08-045635-9(CKB)1000000000350270(EBL)252682(OCoLC)475966169(SSID)ssj0000123210(PQKBManifestationID)11135360(PQKBTitleCode)TC0000123210(PQKBWorkID)10008401(PQKB)10102799(MiAaPQ)EBC252682(CaSebORM)9780750664523(Au-PeEL)EBL252682(CaPaEBR)ebr10138703(CaONFJC)MIL63905(OCoLC)213298540(EXLCZ)99100000000035027020060110d2005 fy 0engur|n|---|||||txtccrClearing and settlement of derivatives[electronic resource] /David Loader1st editionAmsterdam Elsevier20051 online resource (293 p.)Elsevier financeDescription based upon print version of record.0-7506-6452-5 Includes bibliographical references (p. [245]-247) and index.Cover; Contents; Preface; Acknowledgements; Disclaimer; The development of futures and options and OTC derivatives; The first futures market; The emergence of financial futures and options markets; The first options markets; Summary; Derivative products; Over-the-counter derivatives; The role of the clearing house; Eurex AG; The Options Clearing Corporation (OCC); LCH.Clearnet; Risk management; Summary; Futures processing; Futures trading; Clearing process; Use of futures; Futures clearing and settlement; Variation margin; Initial margin; Futures delivery; The delivery processLCH.Clearnet.Clearnet delivery proceduresThe process of delivery; The delivery process of Gilts through CREST; Commodity futures delivery; Physical delivery of LME contracts; The SWORD system; Soft commodities; Workflow road map; Summary; Options processing; Workflow road map; Option exercise and assignment; Exercise and assignment procedures; Delivery; Summary; OTC products; Forward rate agreements; Swaps; Equity swap cash flow; Over-the-counter options; Settlement of OTC products; The post-trade environment; Event calendar; Communication/Information; Other settlement issuesAccounting and regulatory issuesSwapClear; Benefits of netting; SwapsWire; Summary; Using derivatives in investment management; Introduction; Basic illustration of derivatives use in asset allocation; Income enhancement; Hedging; Speculation and exposure taking; Use of OTC derivatives; Regulation and compliance; Summary; Margin and collateral; Initial margin; An explanation of delta; Intra-day margin; Spot month margin; Margin methods; Margin offsets; Variation margin; Tick size; Option margin; Settlement of option margin; Collateral; Acceptable collateral; Margining to a clientSingle currency margining and settlementMargining OTC positions; Summary; Impact of corporate actions; Introduction; OTC derivatives; Summary; Operational risk; Identifying and managing specific risks; Mapping operational risk in a derivatives operations environment; Specific operational risks; Recognising, measuring and managing operational risk; Summary; Glossary of derivatives terms; Appendix; Euronext.liffe equity index future contract specification; Euronext.liffe listed option contracts; IPE exchange for physicals; IPE expiry dates; LME copper brandsFSA derivatives and warrants risk warningUseful websites and suggested further reading; Euronext.liffe corporate action policy; SPAN; TIMS; IndexThis book makes the reader aware of the background to the derivatives markets, how they have developed and their importance today. Clearing and Settlement of Derivatives addresses how and why derivative products are used and how the industry is structured, looking at both the exchange and over-the-counter markets. The role of the various parties is explained and the interaction between securities, commodities and derivatives explored.The key regulation that affects the use of derivatives by banks, corporate companies, institutional investors and private clients is covereDerivative securitiesElectronic books.Derivative securities.332.6457Loader David902270MiAaPQMiAaPQMiAaPQBOOK9910457724803321Clearing and settlement of derivatives2283277UNINA