Rebekah Tunstead

Markets reporter at

[Rebekah Tunstead @TunsteadRebekah]

The model for calculating initial margin requirements for cleared gilt repo at LCH Ltd is getting revamped

https://t.co/KGIk4BchcG

[Rebekah Tunstead @TunsteadRebekah]

Rising rate have pushed many pension funds to fully funded status earlier than expected. As a result, numerous schemes are navigating the path to an insurance buyout, but there are a number of hurdles to overcome on the way. One th…https://t.co/LJ4bjimdHA https://t.co/DuQmwV9l5z

[Rebekah Tunstead @TunsteadRebekah]

The European Commission continues to look for solutions to Europe's energy problems but markets believe the latest proposals could do more harm than good. https://t.co/9yooeesdEW

[Rebekah Tunstead @TunsteadRebekah]

Before the Bank of England's bond buying programme comes to an end tomorrow, #pension funds are hurrying to turn their #collateral agreements 'dirty'. https://t.co/yVmirzCx3Q

[Rebekah Tunstead @TunsteadRebekah]

Many say they expect HM Treasury to step in and push the UK #pension fund clearing exemption back beyond June 2023. https://t.co/bvckrw6luf

[Alessandro Aimone @aimoneale]

🚨

At least 10 unhedged pension funds suffered a blow to their funding ratio when the BoE intervened on Wednesday.

Great scoop by @NathanTipping

https://t.co/uYkHQT3TAi

[Duncan Wood @Duncan_Wood]

This week’s BoE intervention in the gilts market was not a shock. It was exactly what pension funds had warned would happen if their long-dated liability hedges were subject to cash margin requirements. Way back when, https://t.co/Qxvd48UOYu wrote about this stuff a LOT. Thread!

[Lukas Becker @LukasBeckerRisk]

It was great to get our story on UK LDIs facing huge margin calls out last night, pension fund/margin call liquidity risk is a topic we’ve been following for years 🧵

https://t.co/4H0ex1wtca

[Rebekah Tunstead @TunsteadRebekah]

If you have found our latest on the #margin calls #pension funds have been facing, you may also want to take a look at the back story to this situation that I wrote about at the beginning of September.

It's the last day to take a…https://t.co/lssEdTCtTQ https://t.co/u78pHJqshi

[Helen Bartholomew @HelenBarthol]

It’s Open Day on @RiskDotNet. All content is free to read until the end of today. Here’s our latest on those pesky products that tripped up Archegos’s banks. https://t.co/0hFOhZ0N4m

[Rebekah Tunstead @TunsteadRebekah]

UK #pension funds are grappling with €100 million in #margin calls.

If you want to read the story, good news, the paywall is down today and tomorrow. https://t.co/T4eSQf2ANb

[Rebekah Tunstead @TunsteadRebekah]

Just when you thought it was out, they pull it back in. Read about the revival of the dirty CSA. https://t.co/1MVvuvugKT

[Rebekah Tunstead @TunsteadRebekah]

22 #energy suppliers (and counting) have ceased trading since the beginning of the year. We took a look at their hedging strategies to understand what went wrong. https://t.co/6w2RZbJuyy

[Rebekah Tunstead @TunsteadRebekah]

Looks like the #Isda #protocol may be published quite soon. https://t.co/f63FvsmvDT

[Rebekah Tunstead @TunsteadRebekah]

Wait for US Department of Justice assurances could delay #Libor transition plans and further unsettle rates trading. https://t.co/BxWLVvYrIb

[Rebekah Tunstead @TunsteadRebekah]

#Dealers and #buyside firms weigh up the impact of Covid on their transition away from #Libor. https://t.co/c0PyKgWvmw

[Rebekah Tunstead @TunsteadRebekah]

Some market participants ignore guidance to specify #SOFR as the discount rate for USD #swaptions https://t.co/G2LSXNVco6

[Rebekah Tunstead @TunsteadRebekah]

A CFTC advisory body has voted to back a six-month “grace period” for the final two phases of #initialmargin rules for non-cleared #derivatives. The extension would be in addition to the already announced one-year deferral of phase…https://t.co/pQ7XNWF2tx https://t.co/2cecDyGl6u

[Rebekah Tunstead @TunsteadRebekah]

#Swaptions users are struggling to agree a method for compensating investors that lose out from the upcoming change in #swap discount rate at clearing houses. https://t.co/X3AhzEDPKs