Conversation with Matthew Lynes, Aberdeen Asset Management. Buy-Side System Requirements - Whitepaper by Quantifi and OTC Partners. The Cost of Collateral - Webinar Survey.
The spring 2017 Insight newsletter from Quantifi, discussing FRTB and whether it is strengthening market risk practices, and whether banks are prepared for the changes it will bring
Deutsche Bank Survey Sees Blockchain Adoption in Six YearsNicola Barozzi 🚘✔
A Deutsche Bank report called “Powering the flow of global capital” goes into great detail about the blockchain phenomenon. Researchers from the bank surveyed a variety of participants who believe blockchain technology is estimated to hit critical mass within six years.
Confirmations are an essential component of derivative transactions and a demanding regulatory environment has left the industry facing significant mandatory change.
A Systematic Approach to Optimizing CollateralCognizant
With high-quality collateral all set to witness increased demand, financial services firm can achieve sizeable savings and competitive edge by rewiring their internal operations.
The Evolution of Counterparty Credit Risk: An Insider's View
Quantifi CEO, Rohan Douglas, talks about the latest release
Q&A with Olivier Renault of Stormharbor
The spring 2017 Insight newsletter from Quantifi, discussing FRTB and whether it is strengthening market risk practices, and whether banks are prepared for the changes it will bring
Deutsche Bank Survey Sees Blockchain Adoption in Six YearsNicola Barozzi 🚘✔
A Deutsche Bank report called “Powering the flow of global capital” goes into great detail about the blockchain phenomenon. Researchers from the bank surveyed a variety of participants who believe blockchain technology is estimated to hit critical mass within six years.
Confirmations are an essential component of derivative transactions and a demanding regulatory environment has left the industry facing significant mandatory change.
A Systematic Approach to Optimizing CollateralCognizant
With high-quality collateral all set to witness increased demand, financial services firm can achieve sizeable savings and competitive edge by rewiring their internal operations.
The Evolution of Counterparty Credit Risk: An Insider's View
Quantifi CEO, Rohan Douglas, talks about the latest release
Q&A with Olivier Renault of Stormharbor
In the last few years, the financial markets have undergone dramatic change. While some of this is down to natural evolution, much of the change can be directly attributed to new rules introduced in the wake of the 2007 crisis. Regulators, legislators and central bank governors have been determined to avert another bubble bursting or an unexpected event that could threaten markets. Lawmakers have targeted key financial practices for reform, radically altering the expectations and behavior of industry participants. The combination of the Dodd-Frank Act, European Markets Infrastructure Regulation (EMIR), MiFID ll and Basel lll signify the biggest regulatory change in decades. These reforms have resulted in major change to how financial products are traded, settled, collateralized and reported, resulting in deep and ongoing structural changes to the markets.
There is no doubt that these new rules are directly impacting buy-side firms — be they asset managers, hedge funds, insurance companies or pension funds. But while the changes have certainly brought challenges, they have also brought opportunities. Firms that can proactively evaluate structural and operational dislocations in the marketplace and tailor business models to leverage the opportunities while addressing the challenges will be in the best position to stand apart from their competitors. Revised business models call for revisions to supporting processes and systems. Buy-side firms should look to re-architect their processes and technology infrastructure, with a goal to strengthen risk control and oversight, enhance transparency and improve efficiency of front-to-back office control functions.
The credit crisis, and the regulatory response it spawned have fundamentally reshaped financial markets for buy-side firms. But while the changes have brought about challenges, they have also ushered in opportunities. The key to success will be the speed with which firms are able to understand the changing marketplace and adapt their business models to align with the changes.
Rethinking Reconciliation: How a Global Center of Excellence Can Enhance Risk...Broadridge
In two years, outsourced reconciliation solutions have grown exponentially as increased focus on risk, regulations, and cost reduction has heightened the need for greater transparency and efficiency across all areas of financial services operations. Discover how leading financial institutions are enhancing risk management and reducing costs through a global center of excellence for reconciliations.
This presentation explains what warehouse lending is, how the warehouse lending process works, reasons for the current warehouse line liquidity crisis, and solutions to previous problems with warehouse lending.
Ensuring capital availability for entrepreneurs is consistently referred to by business owners as one of the key components of any successful banking relationship. If you lend to small businesses, you should know about the competitive landscape, including alternative lenders, and the 5 regulatory items you should monitor closely.
Solving Financial Constraints with Innovative Funding SolutionGilbert Tam 譚耀宗
After the credit crunch in 2008, SMEs though they are amounted to the 80-90% of business activites but their access to funding has been greatly impacted by the traditional lenders, banks, that after the 2008 credit cruch are reluctant to maintain such business if no "bricks and mortar" are provided by sellers.
Regulations are integral to the banking industry, and the extent to which the bank complies with such regulations not just maintains its bottom line in terms of avoiding hefty fines, but also has a big bearing on credibility and integrity. So how do banks comply with all that is required, and save themselves from the ill-effects of non-compliance?
What's next for the investment management industry?SimCorp
“It's difficult to predict. Especially about the future."
It may be debatable who the source of the above quote is: Mark Twain, Storm P., Niels Bohr or Yogi Berra. But the truth of it struck us as particularly relevant as we looked back at the tumultuous events of the past twelve months in preparation for writing this outlook on the year ahead.
Eversheds Report - Streamlining for success: M&A Divestment and Separation Tr...Rafal Wasyluk
Sieć Eversheds opublikowała globalny raport pt. „Streamlining for success: M&A Divestment and Separation Trends". Raport koncentruje się na trendach w zakresie wyjść z inwestycji. Za koordynację polskich prac nad raportem odpowiedzialna była Ewa Szlachetka, partner kierujący praktyką fuzji i przejęć w kancelarii Wierzbowski Eversheds.
Na potrzeby raportu przeprowadzone zostało globalne badanie, również wśród klientów Eversheds. Jego celem było uzyskanie odpowiedzi m.in. na poniższe pytania:
Jakie aspekty separacji lub dezinwestycji oraz ogólnego procesu planowania są największym wyzwaniem?
Jakie są przykłady najlepszych praktyk i rozwiązań w zakresie radzenia sobie z tymi wyzwaniami?
Gdzie poszukiwać obszarów, w których można uzyskać wzrost wartości oraz gdzie można najwięcej stracić w procesie separacji?
Które kwestie prawne są krytyczne dla sukcesu transakcji?
Kiedy prawnicy wewnętrzni będą najbardziej skuteczni w swojej roli?
Jakie są najważniejsze zagadnienia dotyczące różnych grup interesariuszy, w tym zarządu, dyrektorów, zespołu zajmującego się rozwojem korporacyjnym i doradców prawnych?
W jaki sposób w trakcie zbycia chronić wartości zarówno w spółce dominującej, jak i zależnej?
Więcej (ENG): http://www.eversheds.com/global/en/what/services/m-and-a/report-2015.page
Credit data management and governance remains one of the critical challenges facing risk managers. This excerpt from the RMA Credit Risk Council’s “2017 Industry Insights: Perspectives from the Front Line,” offers several insights into data governance.
As contract management goes from 'luxury item' to 'must have', our SlideShare examines the challenges and solutions organizations face when embarking on a contract management lifecycle strategy.
SUPPLY CHAIN FINANCE IN THE CONTEXT OF WORKING CAPITAL MANAGEMENTIgor Zax (Zaks)
Igor Zax, Managing Director of Tenzor Ltd., published a special report, Supply Chain Finance in the Context of Working Capital Management .
The report, published in conjunction with BCR Publishing, covers industry structure, risk management, financing and operational aspects, the way companies viewed the product, as well as trade offs between dynamic discounting and supply chain finance products.
Mercer Capital's Value Focus: FinTech Industry | Third Quarter 2021 Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. This newsletter focuses on FinTech segments, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity.
The autumn 2012 newsletter from Quantifi, discussing alternative methods for calculating CVA charges under Basel III. Robert Goldstein, Director of Client Services at Quantifi talks about Quantifi V10.3 and we chat with Joost Zuidberg, Managing Director of The Currency Exchange Fund
In the last few years, the financial markets have undergone dramatic change. While some of this is down to natural evolution, much of the change can be directly attributed to new rules introduced in the wake of the 2007 crisis. Regulators, legislators and central bank governors have been determined to avert another bubble bursting or an unexpected event that could threaten markets. Lawmakers have targeted key financial practices for reform, radically altering the expectations and behavior of industry participants. The combination of the Dodd-Frank Act, European Markets Infrastructure Regulation (EMIR), MiFID ll and Basel lll signify the biggest regulatory change in decades. These reforms have resulted in major change to how financial products are traded, settled, collateralized and reported, resulting in deep and ongoing structural changes to the markets.
There is no doubt that these new rules are directly impacting buy-side firms — be they asset managers, hedge funds, insurance companies or pension funds. But while the changes have certainly brought challenges, they have also brought opportunities. Firms that can proactively evaluate structural and operational dislocations in the marketplace and tailor business models to leverage the opportunities while addressing the challenges will be in the best position to stand apart from their competitors. Revised business models call for revisions to supporting processes and systems. Buy-side firms should look to re-architect their processes and technology infrastructure, with a goal to strengthen risk control and oversight, enhance transparency and improve efficiency of front-to-back office control functions.
The credit crisis, and the regulatory response it spawned have fundamentally reshaped financial markets for buy-side firms. But while the changes have brought about challenges, they have also ushered in opportunities. The key to success will be the speed with which firms are able to understand the changing marketplace and adapt their business models to align with the changes.
Rethinking Reconciliation: How a Global Center of Excellence Can Enhance Risk...Broadridge
In two years, outsourced reconciliation solutions have grown exponentially as increased focus on risk, regulations, and cost reduction has heightened the need for greater transparency and efficiency across all areas of financial services operations. Discover how leading financial institutions are enhancing risk management and reducing costs through a global center of excellence for reconciliations.
This presentation explains what warehouse lending is, how the warehouse lending process works, reasons for the current warehouse line liquidity crisis, and solutions to previous problems with warehouse lending.
Ensuring capital availability for entrepreneurs is consistently referred to by business owners as one of the key components of any successful banking relationship. If you lend to small businesses, you should know about the competitive landscape, including alternative lenders, and the 5 regulatory items you should monitor closely.
Solving Financial Constraints with Innovative Funding SolutionGilbert Tam 譚耀宗
After the credit crunch in 2008, SMEs though they are amounted to the 80-90% of business activites but their access to funding has been greatly impacted by the traditional lenders, banks, that after the 2008 credit cruch are reluctant to maintain such business if no "bricks and mortar" are provided by sellers.
Regulations are integral to the banking industry, and the extent to which the bank complies with such regulations not just maintains its bottom line in terms of avoiding hefty fines, but also has a big bearing on credibility and integrity. So how do banks comply with all that is required, and save themselves from the ill-effects of non-compliance?
What's next for the investment management industry?SimCorp
“It's difficult to predict. Especially about the future."
It may be debatable who the source of the above quote is: Mark Twain, Storm P., Niels Bohr or Yogi Berra. But the truth of it struck us as particularly relevant as we looked back at the tumultuous events of the past twelve months in preparation for writing this outlook on the year ahead.
Eversheds Report - Streamlining for success: M&A Divestment and Separation Tr...Rafal Wasyluk
Sieć Eversheds opublikowała globalny raport pt. „Streamlining for success: M&A Divestment and Separation Trends". Raport koncentruje się na trendach w zakresie wyjść z inwestycji. Za koordynację polskich prac nad raportem odpowiedzialna była Ewa Szlachetka, partner kierujący praktyką fuzji i przejęć w kancelarii Wierzbowski Eversheds.
Na potrzeby raportu przeprowadzone zostało globalne badanie, również wśród klientów Eversheds. Jego celem było uzyskanie odpowiedzi m.in. na poniższe pytania:
Jakie aspekty separacji lub dezinwestycji oraz ogólnego procesu planowania są największym wyzwaniem?
Jakie są przykłady najlepszych praktyk i rozwiązań w zakresie radzenia sobie z tymi wyzwaniami?
Gdzie poszukiwać obszarów, w których można uzyskać wzrost wartości oraz gdzie można najwięcej stracić w procesie separacji?
Które kwestie prawne są krytyczne dla sukcesu transakcji?
Kiedy prawnicy wewnętrzni będą najbardziej skuteczni w swojej roli?
Jakie są najważniejsze zagadnienia dotyczące różnych grup interesariuszy, w tym zarządu, dyrektorów, zespołu zajmującego się rozwojem korporacyjnym i doradców prawnych?
W jaki sposób w trakcie zbycia chronić wartości zarówno w spółce dominującej, jak i zależnej?
Więcej (ENG): http://www.eversheds.com/global/en/what/services/m-and-a/report-2015.page
Credit data management and governance remains one of the critical challenges facing risk managers. This excerpt from the RMA Credit Risk Council’s “2017 Industry Insights: Perspectives from the Front Line,” offers several insights into data governance.
As contract management goes from 'luxury item' to 'must have', our SlideShare examines the challenges and solutions organizations face when embarking on a contract management lifecycle strategy.
SUPPLY CHAIN FINANCE IN THE CONTEXT OF WORKING CAPITAL MANAGEMENTIgor Zax (Zaks)
Igor Zax, Managing Director of Tenzor Ltd., published a special report, Supply Chain Finance in the Context of Working Capital Management .
The report, published in conjunction with BCR Publishing, covers industry structure, risk management, financing and operational aspects, the way companies viewed the product, as well as trade offs between dynamic discounting and supply chain finance products.
Mercer Capital's Value Focus: FinTech Industry | Third Quarter 2021 Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. This newsletter focuses on FinTech segments, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity.
The autumn 2012 newsletter from Quantifi, discussing alternative methods for calculating CVA charges under Basel III. Robert Goldstein, Director of Client Services at Quantifi talks about Quantifi V10.3 and we chat with Joost Zuidberg, Managing Director of The Currency Exchange Fund
2014 Property & Casualty Insurance Industry Outlook: Innovation leading the wayDeloitte United States
On the surface the property and casualty sector appears to be doing quite well, but running an insurance carrier is rarely smooth sailing. The last few years have been particularly difficult for those occupying C-Suite positions, as more fundamental issues are threatening not only short-term results on their balance sheets, but challenging the long-term viability of their operating models as well.
For example, a growing number of insurers are facing significant organizational disruption. Many have made large-scale investments in technology, replacing core systems for claims, policy administration and finance. Their chief challenge now is how to effectively leverage the new systems they’ve put in place and maintain their momentum with additional innovations in personnel, products and culture.
Additionally, ongoing political gridlock in Washington could undermine an already unsteady economic recovery. Not to mention regulatory uncertainty that makes it difficult for carriers to plan ahead and determine operational priorities.
Innovation may ultimately be the key to keep insurers growing regardless of shifting economic and insurance market conditions, as they devise ways to thwart ongoing and emerging competitive threats as well as capitalize on new opportunities.
For more - visit http://www.deloitte.com/view/en_US/us/Industries/Insurance-Financial-Services/039bdd0819e23410VgnVCM3000003456f70aRCRD.htm
The spring 2015 Insight newsletter from Quantifi, discussing microservices and the recently published consultative document ‘Review of the Credit Valuation Adjustment (CVA) risk framework’
by the Basel Committee
The July 2015 Insight newsletter, discussing the changing regulatory landscape and including a conversation with Matthew Lynes, Senior Investment Manager at Aberdeen Asset Management
The spring 2014 Insight newsletter from Quantifi, including a conversation with Hannan Mohammed, deputy head of the funding and markets division of AFD, and a Q&A with Mark Traudt, CTO of Quantifi.
The spring 2013 Insight newsletter from Quantifi, discussing the management of counterparty credit risk.
A conversation with Arne Loftingsmo, Portfolio Manager at KLP Kapitalforvaltning AS.
IFRS 13 CVA DVA FVA and the Implications for Hedge Accounting - By Quantifi a...Quantifi
International Financial Reporting Standard 13: fair value measurement (IFRS 13) was originally issued in May 2011 and applies to annual periods beginning on or after 1 January 2013. IFRS 13 provides a framework for determining fair value, clarifies the factors to be considered for estimating fair value and identifies key principles for estimating fair value. IFRS 13 facilitates preparers to apply, and users to better understand, the fair value measurements in financial statements, therefore helping improve consistency in the application of fair value measurement.
Quantifi whitepaper basel lll and systemic riskQuantifi
One of the key shortcomings of the first two Basel Accords is that they approached the solvency of each institution independently. The recent crisis highlighted the additional ‘systemic’ risk that the failure of one large institution could cause the failure of one or more of its counterparties, which could trigger a chain reaction.
Basel III addresses this issue in two ways:
1) by significantly increasing capital buffers for risks related to the interconnectedness of the major dealers and
2) incentivising institutions to reduce counterparty risk through clearing and active management (hedging). Since Basel III may not explicitly state how some of the new provisions address systemic risk, some analysis is necessary.
CVA, DVA and Q4 Bank Earnings
Conversation with Brian Naini, Channel Capital
Quantifi releases Version 10.2
Quantifi launches counterparty risk and CVA portal
Quantifi whitepaper how the credit crisis has changed counterparty risk man...Quantifi
This paper will explore some of the key changes to internal counterparty risk management processes by tracing typical workflows within banks before and after CVA desks, and how increased clearing due to regulatory mandates, affects these workflows. Since CVA pricing and counterparty risk management workflows require extensive amounts of data, as well as a scalable, high-performance technology, it is important to understand the data management and analytical challenges involved.
• Current trends and best practices
• Key data and technology challenges
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
1. July 2015NEWSLETTER
SIGHT
IN
What is Your Reaction to
the Changing Regulatory
Landscape?
Q&A with Matthew Lynes
Aberdeen Asset Management
pg. 4-5
ALSO IN THIS ISSUE
Buy-Side System Requirements
pg. 6-7
Survey Reveals the Challenges
of Managing Cost of Collateral
pg. 3
2. 03 | www.quantifisolutions.com02 | www.quantifisolutions.com
ROHAN DOUGLAS, Founder and CEO
MESSAGE
FROM
THE CEO
NEWS
CQS, Selects Quantifi's Best-of-Breed
Analytics to Replace Internal Systems
“We are delighted that as a result of an
extensive selection process CQS has placed
their trust in us, and we look forward to
partnering with one of the most prominent
global hedge funds.”
Roland Jordan, Head of EMEA Sales, Quantifi
Quantifi Releases Version 13
“Leveraging the latest technology, Quantifi
Version 13 release introduces a range of new
enhancements including expanded product
coverage, improved and extended front
office trading and connectivity, superior data
management and second generation margin
analytics."
Avadhut Naik, Head of Solutions, Quantifi
Frontclear Selects Quantifi for Integrated
Trading and Risk
“Quantifi is trusted by leading financial
institutions and this proven expertise makes
it the ideal solution to strengthen and
support our trading and risk management
capacity and frameworks. This initiative with
Quantifi enables Frontclear to control and
alleviate challenges on risk, capital allocation,
liquidity and funding.”
Erik van Dijk, Chief Risk Officer, Frontclear
Quantifi, RiskTech Quadrant®
Category
Leader for Sell-Side Risk Technology
“Quantifi has impressed us with their sell-side
risk management solutions by addressing
enterprise risk, analytics and front office risk
as well as providing an integrated solution
for front-to-back office trading, risk valuation
and regulatory reporting.”
Peyman Mestchian, Managing Partner, Chartis
Quantifi Breakfast Seminar
London, 9th September 2015
London Annual Risk Conference 2015
London, 29th September 2015
New York Annual Risk Conference 2015
New York, 29th October 2015
The cost of clearing OTC derivatives has recently received
increased focus with examples in the US of significant
costs being on-charged to clients. We have seen significant
differences between the costs of clearing at different
clearinghouses. Accurately estimating the cost of clearing
using models is a new science, which we discussed in our
recent webinar recapped on pg.3.
New and evolving regulations continue to drive changes in
the markets. In this issue, we held a Q&A with Matthew Lynes
from Aberdeen Asset Management. Matthew talked about
the key challenges that he sees facing the buy-side and gave
his insight on the futures challenges around the FX market.
Buy-side participants face many challenges. Regulation,
market changes, cost pressures, investor demands
and technology contribute to dramatic increase in the
sophistication and complexity of the systems required to
support the buy-side. This issue’s feature story focuses on
our recent whitepaper published jointly with Sol Steinberg
from OTC Partners. This whitepaper highlights the most
important requirements for buy-side systems relevant for all
buy-side firms.
This month we release Quantifi Version 13 (V13), a
major upgrade of all our solutions. V13 includes several
enhancements across technology, data management, trading,
risk management and reporting. These latest developments
are designed to enhance performance, reduce operational
risk and help clients better adapt to market changes.
The first half of 2015 has been a busy period, with major
successes in both existing and new markets across both
the buy and sell sides. With strong revenue growth and
the increased demand across our entire product suite, we
continue to innovate, develop and invest for the long term.
We remain committed to our strategy of investment in
technology and our people. At Quantifi, individual growth is
as much a priority as corporate growth and we firmly believe
in investing in our people. By attracting and retaining talented
individuals, Quantifi exceeds its commitment to new and
existing clients.
EVENTS
The scope of regulatory
reform is far reaching and is
increasing the cost of capital
“
”
• The main challenges faced by market
participants are measuring the actual/
optimal cost of collateral, and measuring
the expected cost of collateral over the life
of a trade
• The implication of these challenges is not
just economic but operational, with 49% of
respondents stating that their priority over
the next 12-18 months is implementing a
new, or upgrading, an existing risk system.
• 78% of respondents are considering
either an external or a hybrid (buy &
build) approach to collateral management
technology. A key driver for this is the
difficulty in gaining access to/limited
internal resource to support internal build
Th€ Co$t of
Collat€ral
Th€ Co$t of
Collat€ral
QUANTIFI SURVEYQUANTIFI SURVEY
SURVEY RESULTS INDICATESURVEY RESULTS INDICATE
more accurately measure the risks and profitability of
OTC derivatives. These regulations have significantly
increased collateral requirements for cleared trade.
Therefore, quantifying the funding cost over the
life of trade is important as future unfunded initial
and variation margins can lead to a liquidity crunch.
Optimising collateral over clearing/non-clearing
decision or CCP selection requires a unified decision
tool,” comments Dr. Pugachevsky.
Q
uantifi conducted a survey as part of
its recent webinar ‘Cost of Collateral
for Clearing’. Over 120 individuals
from across the industry took part in the
webinar, which was presented by Dr. Dmitry
Pugachevsky, Director of Research at Quantifi.
Delegates were surveyed on the challenges
associated with clearing and how they plan
to address them.
The introduction of Dodd-Frank, MiFID ll, EMIR and
Basel lll is significantly increasing the cost of capital
and forcing firms to re-evaluate the economics of
their OTC trading businesses. Market best practice,
implemented by the most sophisticated firms, now
accurately measures all the components of a trade
to analyze its profitability including Credit Valuation
Adjustment (CVA), Cost of Regulatory Capital (CRC)
and Funding Valuation Adjustment (FVA).
During the webinar Dr. Pugachevsky explained
how regulations are impacting the costs associated
with cleared and uncleared trades, the factors
involved in optimising collateral including calculating
margin variation adjustments (MVA) and OTC trade
profitability (incorporating MTM, CVA hedges and all
valuation adjustments); as well as a cost analysis of
cleared vs uncleared IR swaps.
“The scope of regulatory reform is far reaching and is
increasing the cost of capital and driving the need to
3. www.quantifisolutions.com | 0504 | www.quantifisolutions.com
Conversation
Matthew Lynes
What is the single biggest risk-based issue that
will affect asset management firms in 2015?
One of the biggest risks in 2015 that firms face is not
progressing themselves far enough internally in terms
of adapting to the cleared world. The changes required
are significant and are not to be underestimated
particularly if a firm employs third party administrators
for their back office operations. Furthermore, this is also
a large operational undertaking required by clearing
brokers to on-board clients. Those that leave this late
may potentially find themselves waiting in line and
coming very close to deadlines. Although the timelines
at this point may appear to be far into the distance, it is
likely that there will be benefits in clearing before this
becomes mandatory.
The continual regulation that the sell-side faces in
terms of their balance sheets suggests the ability
for them to competitively price bilateral trades will
erode over time and that is something that market
participants are already beginning to see. Although
still in the consultation stage, margin on uncleared
trades is expected to be introduced at some stage
down the line. How this will actually work at a practical
level raises many questions but when this does come
into force, margin requirements are expected to be
punitive relative to cleared trades.
What implication does the requirement of
Forward FX clearing have on the industry?
The proposed timeline for FX forwards is beyond
that of OTC swaps. The way this market operates is
different to that of OTC swaps which in turn is making
the design of a cleared FX market more challenging
for the regulators. In terms of the concerns voiced
about the industry post 2008, it seems to have been
disproportionally quiet for FX trades. In many buy-
side firms, FX does not fall under an ISDA framework
and is not collateralised. The exposure that exists
between themselves and sell-side firms is significant
and in some cases dwarfs OTC swap exposure. This
was highlighted in the bankruptcy of Lehman where a
large proportion of the contracts that had to be settled
by the administrators involved forward FX. Centrally
clearing FX represents a further area of considerable
change to buy-side firms to contend with in the years
ahead. One of the issues here is FX applies to equity
portfolios considerably more than OTC swaps. These
portfolios hold minimal amounts of cash and really
do not have anything in the way of collateral that can
be posted against these positions which is further
consideration for the regulators.
"EMIR Clearing will impact the market considerably going forward
and the market between cleared and non-cleared swaps will
continue to bifurcate."
What is your reaction to the changing
regulatory landscape? How will it impact the
buy-side?
The regulatory landscape still proves to be one of the
biggest challenges to the buy-side industry and will do
so for the next 12-18 months. The Regulatory Technical
Standards (RTS) is expected to be published in the
next couple of months which will add some certainty
for the first time on the timelines going forward. Once
clients and firms decide which of their portfolios fall
into which category, the real challenge will be to
engineer a solution for collateral management more
advanced than what has typically been employed in
the bilateral world. The collateral management sector
is in a constant state of change and the ability to find
an optimal solution, whether it’s through the bilateral
repo market, agency stock lending or a combination
of both will occupy the minds of many asset managers
over the next year. System requirements are also
significant. The ability of managers to consider the
impact of clearing swaps in terms of initial margin
based on existing positions and also to determine what
collateral is available and its value, is not something
that many vendors currently offer solutions for.
Over the course of the past 12 months what
do you consider to be the most significant
development in the OTC markets?
One of the most significant developments over
the last 12 months has been the change in the way
OTC derivatives are discounted. The ‘Sonia Flat’
approach that has prevailed since the financial crisis
is being replaced unofficially by ‘Sonia plus a spread’,
this spread being a factor of increased squeezes
in the repo market and further tightening of bank
balance sheets. This has led to concerns whereby the
valuation of swaps on books and the realisable value
is diverging. Re-couponing of swap positions has also
become more of a challenge to the buy-side following
the further balance sheet restrictions that brokers
now face with the transaction costs for such trades
encompassing many more variables.
Looking ahead, what market developments
do you anticipate and how do you ensure you
are adequately prepared to address those
developments?
EMIR clearing will impact the market considerably
going forward and the market between cleared and
non-cleared swaps will continue to bifurcate. The
ability to clear swaps both operationally and efficiently
from a collateral management perspective is crucial
for firms to prepare themselves for the landscape
ahead. The communication of the estimated costs of
clearing to clients continues to prove difficult given the
protracted timelines involved.
Senior Investment Manager
Aberdeen Asset Management
Cover Story
4. www.quantifisolutions.com | 0706 | www.quantifisolutions.com
T
he financial markets have undergone dramatic
change. While some of this is down to natural
evolution, much of the change can be directly
attributed to new rules introduced in the wake of the
2007 crisis. The combination of the Dodd-Frank Act,
EMIR, MiFID ll and Basel lll signify the biggest regulatory
change in decades. These reforms have triggered major
change in how financial products are traded, settled,
collateralized and reported, resulting in deep ongoing
structural changes to the markets.
Buy-side firms should look to re-architect their processes
and technology infrastructure, with a goal to strengthen
risk control and oversight, enhance transparency and
improve efficiency of front-to-back office control functions.
Sell-Side Exits Bring New Buy-Side
Business Opportunities
While market reforms, including Volcker Rule and Basel
lll, have impacted all players, sell-side (liquidity creators)
institutions have borne the regulatory brunt more than
buy-side (consumers) institutions. The worldwide reach
of the sell-side, its size and interconnectedness to other
institutions make its survival critical to the survival of the
entire system, hence regulations are designed to protect
the markets from the systemic risk stemming from these
institutions.
Quest for Higher Yield
The quest for higher yield in a low interest environment
is one reason for investment managers to seek out
alternative investments that promise higher returns. For
example, there is renewed interest in structured credit
products as the low risk tranches of these products offer
a higher risk weighted return in the current environment.
These investments involve a higher degree of risk, which
needs to be actively monitored and managed. This has
resulted in demand on the buy-side for best-of-breed
analytics and next-generation technology frameworks
to support complex products, capabilities they have
traditionally lacked.
Technology Transforms Margin Challenges
into Opportunities
To be consistently profitable, firms need to select
execution platforms based on independent comparison
of cost of funding margins, over the life of trades.
Regulation-imposed changes in market practices call
for sophisticated analytics and superior operational
capabilities. Sophisticated models ensure profitability
by factoring in all costs of executing trades including
value adjustments for counterparty risk, costs of funding
margins (initial and variation) as well as costs of capital.
Better operational capabilities ensure consistent analysis
across the organization (front-to-back) in a timely fashion.
In the past, managing margin requirements was a reactive
task, performed at the end of the trading cycle, typically
within manual administrative and back office operations.
Today, the buy-side is turning to new technology that
can provide a complete, front-to-back view of their
global collateral assets, to allow them to assess multiple
sourcing and funding options in real time.
Technology Trends
The leading investment managers are examining
integrated front-to-back systems that can provide a
complete solution for all of their analytics, trading and
risk requirements, both for today and in the future. The
trend is to optimize and streamline the entire workflow,
to ensure greater trade transparency and enterprise-
wide reporting:
• Single technology solution, for analytics, trade
capture and enterprise risk control, with coupling
between front, middle and back office functions
• Straight-through-Processing from trade execution
all the way through to central clearing
• Independent margin calculation and swaps
portfolio pricing tools
• Reconciliation tools that account for margin
call discrepancies, either at the CCP or clearing
intermediary level or both
• Transaction Cost Analysis (TCA) tools that can
incorporate data from the trading process as well as
integrating back office data into the trading process
Systems Rethink
There have been considerable improvements in
technology available to deploy and integrate
software, boost usability and speed of processing, and
improve flexibility. This is because of an increase in
computation power, simplicity of data management,
the advent of cloud computing, and more powerful
APIs for easier integration. Any systems rethink
needs to be done with a view to benefit from these
improvements. Buy-side system considerations:
Cross-asset, multi-strategy support: Opportunities
created by banks exiting markets, for asset classes
deemed risky by the regulators, and quest for higher
returns in a low interest environment are forcing buy-
side firms to consider a broad range of strategies and
asset classes. Sophisticated firms need to have the
flexible systems geared to support multiple strategies
spanning multiple asset classes.
Integrated analytics, trading and risk platform: In the
developing environment, lower yields coupled with
higher transaction costs are squeezing returns. Pre-
trade analysis has to consider the cost of funding
collateral required to post margins and the cost
of funding regulatory capital when evaluating the
profitability of a strategy. This calls for a very high level
of integration between front-to-middle office systems
across all asset classes.
Robust risk management and control: The ensuing
regulation requires more stringent market risk
management with greater focus on stress-testing of
extreme scenarios. Equal emphasis has also been
placed on other risks like counterparty credit, liquidity
and operational risks. Any systems being considered
should have capabilities to measure, monitor and
manage these risks at an enterprise level across multi-
asset portfolios.
Operational efficiency: In an environment where
opportunities are limited and transaction costs
high, operational efficiency becomes key. Systems
that facilitate optimum action in a timely manner
by integration, flexible workflows, and ease of
communication will be key to competitive advantage.
Business intelligence and transparent reporting
infrastructure: Reporting engines need to aggregate
data across all asset classes and present an integrated
view of risk and P&L. Reporting capabilities need to be
flexible to serve the needs of portfolio, risk managers,
investors and regulators. Ideally the system should also
allow for seamless integration with a third party business
intelligence or data visualization tools available.
State-of-the-art technology: Distributed NoSQL
databases provide a scalable and cost-effective
alternative to expensive relational databases for data
intensive workloads. Cloud platforms such as Amazon
AWS and Microsoft Azure offer many advantages
(e.g. flexible provisioning, competitive pricing, built-
in redundancy) for solutions that support cloud
deployment. Modern multi-core, vector-enabled CPU’s
are much more powerful than the previous generation,
however pricing and risk libraries must be designed to
take advantage of these new features.
Low total cost of ownership (TCO): Sufficient
consideration needs to be given to the total cost of
ownership. A cost analysis has to take into consideration
licensing costs, implementation costs, operating and
support costs, as well as disaster recovery costs.
Conclusion
The credit crisis and the regulatory response it spawned
have fundamentally reshaped financial markets. While
the changes have brought about challenges, they
have also ushered in opportunities. The key to success
will be the speed with which firms are able to adapt
their business models to align with changes in the
marketplace. Changing business models need to be
supported by corresponding changes to business
processes and systems.
Buy-Side System Requirements
Feature Story
By Avadhut Naik, Head of Solutions, Quantifi and
Sol Steinberg, Founding Principal, OTC Partners
“
Leading investment managers are examining
integrated front-to-back systems that
can provide a complete solution for all of
their analytics, trading and risk requirements.
”
”
“
The credit crisis and the regulatory
response it spawned have fundamentally
reshaped financial markets. While the
changes have brought about challenges,
they have also ushered in opportunities.