Cross-currency swaps
Hong Kong CCP to be first to clear cross-currency swaps
Initial product suite will be RMB focused to suit need of mainland banks
Corporates eye cross-currency swaps as Euribor sinks
Cheaper swaps are encouraging some companies to chase lower debt costs
Interest rate derivatives house of the year: Deutsche Bank
Risk Awards 2015: German bank managed to marry efficiency with high margins
JCRA: A collapse in the cost of credit
Credit charges have dropped to pre-crisis levels, says consulting firm's CEO
Options cutting costs for some cross-currency swaps
Dealers found a way to protect some cross-currency swaps from heavy new capital requirements last year, by adding foreign exchange options into the structure – but the powers of the technique are limited. Matt Cameron reports
Profile: Network Rail sings the praises of two-way CSAs
Getting there
Low yields force Asian insurers to reassess ALM strategies
With long-term bonds in short supply and falling interest rates putting pressure on earnings, Asian insurers are considering giving up on asset-liability matching in order to chase yield. Blake Evans-Pritchard reports
Asian insurers abandoning liability matching in the hunt for yield
Ultra-low rates forcing companies to shift focus from asset-liability matching
Lack of CSAs restricts forex hedging options for Australian institutions
Returns for hedging via long-term cross-currency swaps are attractive, but few are able to do so because of the lack of credit support annexes in place
Australian banks lobby for reduced margin on cross-currency swaps
Current treatment of initial margin on uncleared swaps will cost Australian banks $21 billion
Cross-currency flap leaves cloud over IFRS 9
Purely hypothetical
Insurers look to negotiate CSAs ahead of new clearing rules
Support structures
Asian currency hedgers to be hit by ‘fatal flaw’ in new accounting rules
A major change is needed to correct new hedge accounting rules, which could restrict derivatives use by Asian firms hedging their foreign currency exposures
HK insurers ramp up dollar hedging activities
Insurers in Hong Kong are revising their long-term policy of not hedging out their US dollar exposures
Saving structured finance: Dealers vie for SPV replacement swaps
The SPV swap replacement game
Risk 25: How Basel III is turning borders into barriers
Turning borders into barriers
Cooking with collateral
Cooking with collateral
UK utilities face swap counterparty shortage
Bank downgrades could leave many structured finance transactions without acceptable swap providers - a potential nightmare for UK utilities
Downgrade doomsday: utilities fear swap dealer shortage
Downgrade doomsday
Forex structurers get it wrong
Forex's unreliable fortunes
Australian super funds look to cross-currency basis swaps
Cross purposes
Standard CSA: the dollar dominance dispute
The dollar dominance dispute
Financial institutions move to address funding squeeze in Asia
Funding dilemmas
Getting CVA up and running
Getting CVA up and running