Case studies
The Field Effect employs highly experienced consultants with deep expertise in clearing and collateral who have individually and together delivered a wide range of clearing and collateral client assignments over recent years. These case studies provide examples of their project experience.
Asset Manager collateral strategy and vendor selection
This $150bn AUM asset manager uses FX and interest rate swaps to hedge exposures in their own and third party managed funds domiciled in US, Europe and Asia.
Custodian collateral strategy and operating model
Like all custodians without Securities Settlement System (SSS) status, this $1tn AUC custodian faces the loss of custody fee revenue when customer assets pledged as CCP collateral move into venues such as the iCSDs to meet EMIR 47.3 requirements.
Bilateral OTC derivatives product design
In the context of BCBS/IOSCO framework for margining non-cleared OTC derivatives, our client identified an opportunity to provide a new service to help banks manage bilateral IM and VM call agreement and dispute management.
CCP collateral and liquidity management strategy and vendor selection
In order to meet the demands of EMIR mandatory clearing, the CCP recognised the need to replace legacy margining systems and to align operating models across multiple geographies.
Roadmapping
The challenge was to design a radical transformation that would dramatically reduce both run and change costs, whilst improving customer experience and responsiveness.
