Chile's Comder Taps Calypso for CCP

Chilean flag
Comder's CCP was created to comply with international OTC derivatives reform, and will begin clearing non-deliverable forwards (NDFs) by the end of next year and interest rate derivatives by Q1 of 2015. Calypso's solution will power novation, affirmation, registration, initial and variation margins, as well as collateral management and trade depository services.
 
"We see Calypso as a strategic partner for one of the most important projects in the Chilean banking industry, and this initiative allows us to meet the highest standards and align with Bank for International Settlements (BIS) and International Organization for Securities Commissions (IOSCO) principles for market infrastructures," says Felipe Ledermann, CEO at Comder.
 
The agreement is the latest in Calypso's provision to global CCP providers, and the second such signing in South America following Brazil's BM&F Bovespa.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Banks seemingly build more than buy, but why?

Waters Wrap: A new report states that banks are increasingly enticed by the idea of building systems in-house, versus being locked into a long-term vendor contract. Anthony explores the reason for this shift.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here