LEADER 04815nam 2200649 a 450 001 9910457724803321 005 20200520144314.0 010 $a1-280-63905-9 010 $a9786610639052 010 $a0-08-045635-9 035 $a(CKB)1000000000350270 035 $a(EBL)252682 035 $a(OCoLC)475966169 035 $a(SSID)ssj0000123210 035 $a(PQKBManifestationID)11135360 035 $a(PQKBTitleCode)TC0000123210 035 $a(PQKBWorkID)10008401 035 $a(PQKB)10102799 035 $a(MiAaPQ)EBC252682 035 $a(CaSebORM)9780750664523 035 $a(Au-PeEL)EBL252682 035 $a(CaPaEBR)ebr10138703 035 $a(CaONFJC)MIL63905 035 $a(OCoLC)213298540 035 $a(EXLCZ)991000000000350270 100 $a20060110d2005 fy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aClearing and settlement of derivatives$b[electronic resource] /$fDavid Loader 205 $a1st edition 210 $aAmsterdam $cElsevier$d2005 215 $a1 online resource (293 p.) 225 1 $aElsevier finance 300 $aDescription based upon print version of record. 311 $a0-7506-6452-5 320 $aIncludes bibliographical references (p. [245]-247) and index. 327 $aCover; 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 process 327 $aLCH.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 issues 327 $aAccounting 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 client 327 $aSingle 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 brands 327 $aFSA derivatives and warrants risk warningUseful websites and suggested further reading; Euronext.liffe corporate action policy; SPAN; TIMS; Index 330 $aThis 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 covere 606 $aDerivative securities 608 $aElectronic books. 615 0$aDerivative securities. 676 $a332.6457 700 $aLoader$b David$0902270 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910457724803321 996 $aClearing and settlement of derivatives$92283277 997 $aUNINA