The world’s big dealers quietly started work on a new swaps market utility last year, dubbed Project Colin. The aim was to control the vast collateral flows arising from incoming bilateral margining rules, but the consortium has since fallen apart, and a coalition of middleware and back-office firms have stepped into the breach. Nothing imbues glamour like a top-secret project with a mysterious codename, so when collateral managers at the big swap dealers started work on a new margining utility.... more
APAC Financial Markets • #BilateralMarginingRules, #CollateralFlows, #CollateralManagers, #Dealers, #GoldmanSachs, #ProjectColin #MarketNews
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