ISDA Update(s)

ISDA 2014 Margin Survey Results – 90% of Non-Cleared Derivatives trades are now collateralised. Results released on 10th April, 2014 show that the estimated amount of collateral in circulation in the non-cleared over-the-counter (“OTC”) derivatives market decreased by 14% from USD3.7 trillion at the end of 2012 to approximately USD3.17 trillion by December 31, 2013.

ISDA believes that much of this decrease can be attributed to the rise of mandatory central clearing. The survey also confirms that cash and government securities continue to amount to approximately 90% of non-cleared OTC derivatives collateral.

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About the contributor

  • Grant Eldred Partner

    Grant is a partner and the head of our Finance Group. He specialises in banking law including bilateral and syndicated secured and unsecured lending, trade finance and banking regulation and compliance.

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