EMIR Reporting: Required for Cleared Trades, Agency or Give-up models?
Background: Clearing, Prime brokers and bilateral arrangements When financial firms want to trade with each other there are several risks involved, one of which is credit risk. This is the risk where a firm might not be able to ‘pay up’ for losses on a bilateral trade. This risk may be mitigated or resolved by […]
Is an XAU/USD contract classed as FX or Commodity for reporting?
How are Gold and other precious metals traded? Precious metals can be traded in 3 main ways: Buying physical gold bars Entering into futures or other derivatives on a commodities exchange Trading interbank derived spot metals as a currency pair (XAU/USD etc.) What is XAU/USD? The ISO 4217 standard designates currency codes such as XAU […]
