.jpg)
In another venture to develop the financial and capital markets, BM&FBOVESPA will hold the Workshop on The New BM&FBOVESPA Clearinghouse and its Margining Methodology in London (May 9, 2016) and New York (May 11, 2016) from 2:00 p.m. to 6:30 p.m.
This is a unique opportunity to gain insights from BM&FBOVESPA experts about the benefits of the integration of equity and financial derivatives (both exchange-traded and OTC), cash equity and securities lending into one clearinghouse under an innovative margining methodology.
Heading to accomplish by year-end the second phase of its project devoted to the integration of its clearinghouse, BM&FBOVESPA will gather abroad with specialists interested in the risk management structure of BM&FBOVESPA, with regulators, with investors and with academics to present how its innovative margining methodology enhances safety and efficiency of capital allocation to trade in Brazil.
Program
2:00-2:20 p.m. Registration
2:20-2:50 p.m. Company overview
- Business model
- Markets, products and services
2:50-3:30 p.m. The new BM&FBOVEPA Clearinghouse
- Risk governance, guidelines and appetite
- Access criteria and risk-based requirements
- Safeguard structure
- Default procedures
3:30-4:00 p.m. CORE – overview
- Risk faced by the clearinghouse
- Types of risk considered
- Risk measure determining the portfolio margin
- Toy problem
4:00-4:20 p.m. Coffee break
4:20-5:05 p.m. CORE – structure
- Closeout operation by type of position
- Liquidity provision for principal risk
- Algorithm for netting in the cash market
- Different margining calculations
5:05-5:50 p.m. CORE – parameters
- Market risk scenarios
- Liquidity risk
5:50-6:20 p.m. Intraday risk monitoring
- Brokerage house intraday collateralization
- Give-up: derivatives and cash markets
- Risk simulators
6:20-6:30 p.m. Closing remarks
Don’t miss out. Limited availability. Register now at workshop.clearing.com.br.
