#Swaptions users are struggling to agree a method for compensating investors that lose out from the upcoming change in #swap discount rate at clearing houses. lnkd.in/dizsP7P

A CFTC advisory body has voted to back a six-month “grace period” for the final two phases of #initialmargin rules for non-cleared #derivatives. The extension would be in addition to the already announced one-year deferral of phase…lnkd.in/dPwkUCb lnkd.in/dGAmjU6

Some market participants ignore guidance to specify #SOFR as the discount rate for USD #swaptions lnkd.in/dyuXVhN

#Dealers and #buyside firms weigh up the impact of Covid on their transition away from #Libor. lnkd.in/djsNTDn

Wait for US Department of Justice assurances could delay #Libor transition plans and further unsettle rates trading. lnkd.in/egirmVd

Looks like the #Isda #protocol may be published quite soon. lnkd.in/ek7D8tu

22 #energy suppliers (and counting) have ceased trading since the beginning of the year. We took a look at their hedging strategies to understand what went wrong. lnkd.in/eQvS4E74

Just when you thought it was out, they pull it back in. Read about the revival of the dirty CSA. lnkd.in/epb_9wkk

UK #pension funds are grappling with €100 million in #margin calls. If you want to read the story, good news, the paywall is down today and tomorrow. lnkd.in/eq3VB9HG

It was great to get our story on UK LDIs facing huge margin calls out last night, pension fund/margin call liquidity risk is a topic we’ve been following for years 🧵 risk.net/derivatives/79…

It’s Open Day on Risk.Net. All content is free to read until the end of today. Here’s our latest on those pesky products that tripped up Archegos’s banks. risk.net/derivatives/79…

If you have found our latest on the #margin calls #pension funds have been facing, you may also want to take a look at the back story to this situation that I wrote about at the beginning of September. It's the last day to take a…lnkd.in/e7GbgiZd lnkd.in/eAQd2-ij

🚨 At least 10 unhedged pension funds suffered a blow to their funding ratio when the BoE intervened on Wednesday. Great scoop by Nathan risk.net/investing/7954…

This week’s BoE intervention in the gilts market was not a shock. It was exactly what pension funds had warned would happen if their long-dated liability hedges were subject to cash margin requirements. Way back when, Risk.net wrote about this stuff a LOT. Thread!

Many say they expect HM Treasury to step in and push the UK #pension fund clearing exemption back beyond June 2023. lnkd.in/eVpNT6Zp

Before the Bank of England's bond buying programme comes to an end tomorrow, #pension funds are hurrying to turn their #collateral agreements 'dirty'. lnkd.in/ejecZC7S

The European Commission continues to look for solutions to Europe's energy problems but markets believe the latest proposals could do more harm than good. lnkd.in/eJCKSMMs

Rising rate have pushed many pension funds to fully funded status earlier than expected. As a result, numerous schemes are navigating the path to an insurance buyout, but there are a number of hurdles to overcome on the way. One th…lnkd.in/eV8bEwgx lnkd.in/ek2Myxr2

The model for calculating initial margin requirements for cleared gilt repo at LCH Ltd is getting revamped risk.net/risk-managemen…