5 Things To Know about IMF & China China was seeking IMF approval to be part of the Special Drawing Rights at the last IMF meeting.  Prior to the upcoming IMF's meeting in Lima, Peru in October 2016 the IMF agreed China could re-approach the discussion in October 2016....

The 2015 IMF Meeting is currently underway in Lima, Peru. There was much anticipation regarding an announcement slated for October 20th regarding The IMF SDRs & China. China would like to join the currencies which make up the IMF’s Special Drawing Rights (SDR).  The IMF notified China in...

What Revisions Did the CFTC Propose? The CFTC proposed revisions to swaps processing and reporting (Section 21 of the CEA (Commodity Exchange Act). The goal of Dodd-Frank is to make the swaps market transparent and liquid.  Therefore, we need to apply a certain number of identifiers to keep...

This blog on how swap risk is calculated is the conceptual view of how firms and CCP's calculate the Initial Margin on Interest Rate Swaps. While the numbers reflect a real at-market swap given the terms and conditions described they made vary widely from what your firm or...

What does Fiat Currency mean? Fiat Currency Defined: fi·at [fee-aht, -at; fahy-uh t, -at] noun fiat; plural noun: fiats a formal authorization or proposition; a decree. "The King ruled by fiat”, “A political union imposed through imperial fiat”   An arbitrary order. “By royal fiat”  Fiat currency defined: Fiat currency is legal tender, not backed...

Earnings Expectations on S&P 500 Wow! It seems like this quarterly went by in a flash. There’s been a lot of focus on Greece and lots of head scratching about the timeframe for rates rising. Let’s take a moment and focus on 2Q15 earnings expectations & schedule. 2Q15 earnings season is...