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.

Published on 26th August 2015

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.

Published on 26th August 2015

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.

Published on 26th August 2015

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.

Published on 26th August 2015


The challenge was to design a radical transformation that would dramatically reduce both run and change costs, whilst improving customer experience and responsiveness.

Published on 17th September 2015