US OTC Margin FAQs

ISDA Advisory & Negotiation

ISDA Agreements are complex and convoluted, and most businesses don’t negotiate them very often. Those that have negotiated an ISDA know that doing so can be complicated and involves facing a dealer bank with a specialized legal team, so hiring an industry expert is essential; but the process can be


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Final US OTC Margin Requirements for Derivatives that are Not Centrally Cleared

Executive Summary

On October 22, 2015, U.S. prudential regulators published final and interim final margin rules governing swaps that are not centrally cleared (the “PR margin rule”) and on December 16, 2015, the Commodity Futures Trading Commission published its corresponding final margin rules (the “CFTC margin rule” and together with the PR


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VIDEO: Portfolio Reconciliation Requirements

VIDEO: Portfolio Reconciliation Requirements
Heather Fritzinger of Chatham Financial discusses the advantages of reconciling a portfolio of derivatives transactions with bank counterparties on a periodic basis. In addition, she explains which parties are required to reconcile trade portfolios under Dodd-Frank and EMIR, and describes how this reconciliation must be properly documented according to protocols published


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VIDEO: Internal Compliance Under Dodd-Frank & EMIR

VIDEO: Internal Compliance Under Dodd-Frank and EMIR
Matt Hoffman of Chatham Financial answers your questions such as “What regulatory compliance obligations might my banks not help me with?”, and others regarding Dodd-Frank, EMIR regulations, and, in particular, the ISDA Dodd-Frank Protocols. Thanks for watching!

 

Video Transcript:
Matthew


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The New Face of Numismatism

It’s amazing what you miss when you ignore social media for a few days. For example, take this declaration published in a recent article in the Minnesota Star Tribune: “The days when a convicted bank robber could get a job selling gold coins in Minnesota are coming to an end.” What? Over already? I


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Financial Institutions Case Study: Loan-level Hedging

Financial Institutions Case Study: Loan-level Hedging
Our Client:
A regional bank with an established hedging program.
Situation:
The bank was looking to expand its loan-level program under the supervision of a former derivatives marketer and had faced challenges on the accounting for its balance sheet derivatives. The bank called Chatham on the advice of its


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Servicers, Lenders, Brokers,
Auditors and Counsel

Chatham’s expert advisory services and proprietary software solutions for real estate debt and derivatives not only serve global real estate investors, but also our clients’ key partners, including lenders, brokers, agency originators, auditors, loan servicers, and legal counsel.
Chatham collaborates among all partners to ensure details are in order for a smooth closing. This involves


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Equity and Mortgage REITs

Earnings volatility is a key concern for Real Estate Investment Trusts. With the need to transparently communicate to stockholders, investors and partners, along with obligations for SEC filings, REITs demand effective capital markets strategies and efficient treasury management solutions. Whatever the composition of the portfolio, REITs must manage their assets with a high degree of


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Interest Rate Hedging

interest rate hedging, Real estate hedging

Solutions to mitigate interest rate volatility
Whether it’s a real estate project or a portfolio of properties, there are inevitable questions about how to protect against changes in interest rates. What is your total exposure? What should be your fixed vs. floating debt ratio? Is there a lender-required cap or swap? What is your refinance…


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Interest Rate Hedging

PRIVATE EQUITY, interest rate risk management, private equity interest rates

Managing interest rate risk as a factor of ROI
Significant debt at a portfolio company increases the risk of interest rate volatility. This can significantly impact EBITDA. Hedging interest rate exposure helps offset this risk and reduces the potential of earnings volatility due to rate fluctuations. Chatham Financial assists clients in managing such exposure as well as the impact on returns by such potential business events as IPOs and re-financings…


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