Eurex , Eurex Clearing

Webcast (replay): CCP Switch – successful transfer is simple

Industry experts share their know-how


Start: 26 Nov 2020 03:00 PM

End: 26 Nov 2020 04:00 PM

Transferring your OTC Interest Rate Derivatives portfolios to a CCP based in the EU27 opens up key strategic opportunities for your organization. The prerequisite for this is a smooth transfer process. This webcast consists of two sessions:

First, industry experts share their hands-on experience in preparing and executing a CCP Switch. The second session focuses on tackling valuation issues via the D2C platform Trad-X, including a demo of the possibilities it offers.

The webcast took place on 26 November 2020.

3.00 to 3.30 PM CET   Session One – Practicalities of switching CCPs

  • Do you have to transfer positions between CCPs?
  • What are the potential stumbling blocks from a trading, operation and risk perspective?
  • Large or small transfers – all the same?
  • Collateral – double funding or not?
  • Accounting rules – don’t forget.

All these topics are discussed by our experts, sharing their down-to-earth experience and providing their guidance. Get to understand the details of the transfer process and ensure a successful and smooth CCP transfer.

Introduction

Philip Simons, Global Head of Sales, Fixed Income Derivatives Funding & Financing, Eurex

Exchange talk 

Sharing the “how-to” from a trading, operational and asset management perspective

Rosa Fenwick, Director, LDI Portfolio Manager, BMO Global Asset Management

Sören Kretschmar, Director, Interest Rates Derivatives Trader, Deutsche Bank

Vivien Osswald, Director, Front & XVA Trading, LBBW

Moderator: Andreas Stadelmaier, Fixed Income Derivatives Sales Germany & Austria, Eurex


3.30 to 4.00 PM CET   Session Two – Objective Pricing

  • Why should you always execute on a bid/offer spread?
  • Why should you only execute with a limited number of dealers?
  • Why should you indicate size and direction to more than one participant before executing?

On a D2C CLOB, using the displayed price information across the entire curve, you can choose to put your order anywhere in the constituted order book while retaining the ability to adjust your price at any time before the execution takes place.

Introduction

How to tackle valuation issues using alternative platforms?

How does quality of data matter?

Philippe Dudon, COO, Trad-X

Demo 

Trad-X: D2C execution, how does it work?

Solon Satanas, Madrid - Branch Manager, Multi-Asset Sales EMEA, US, Tradition

Lev Kokunko, Business Manager, Trad-X

QnA session



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