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SUMMARY:Margining with Multiple Central Counterparties - Moallemi\, C (Col
 umbia University)
DTSTART:20140923T103000Z
DTEND:20140923T111500Z
UID:TALK54456@talks.cam.ac.uk
CONTACT:Mustapha Amrani
DESCRIPTION:Co-authors: Paul Glasserman (Columbia University)\, Kai Yuan (
 Columbia University) \n\nSpurred by regulatory efforts to mitigate systemi
 c risk\, many financial markets are shifting from a bilateral model of set
 tlement towards central clearing. This is facilitated by a number of centr
 al counterparties (CCPs) that have recently emerged. We consider the issue
 s that arise from the presence of multiple CCPs clearing a common set of f
 inancial products. In particular\, we highlight a number of downstream con
 sequences when such CCPs differ with respect to their margining policies.\
 n
LOCATION:Seminar Room 1\, Newton Institute
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