China (PIB-GR-TYP-BIN) (Source: PIB/GR/TYP/BIN/USPA/WN)
Outsource Clearing House: Banks Fear Clearing House Risks
Outsource Clearing House: Clearing houses’ role in reducing counterparty risk demands higher capitalization say big banks. Outsource Clearing House says that it agrees with assertions at global banks that clearing houses must be made to hold enough capital in reserve to support the position they occupy between counterparties. In the aftermath of the financial crisis, […]
Outsource Clearing House: Fees Hike Blamed On Regulator
New technology and hiring costs to keep pace with regulatory obligations behind fee hike at Outsource Clearing House. Outsource Clearing House says that increasing regulatory requirements and the costs of hiring additional staff to implement them is behind a fee hike that will see the company raise its fee to clear trades with anything from […]
Outsource Clearing House: TruClear Debuts At 2 Brokerages
Two more key brokers initiate retail clearing capacity at the Beijing based Outsource Clearing House Outsource Clearing House is pleased to announce that two high profile brokers have initiated their first transactions using the TruClear derivatives settlement for private and institutional client transactions. Our goal of driving total transaction volumes conducted on our bespoke settlement […]
Cardinal Trading Reports China Boosts Banks Liquidity
According to Cardinal Trading, the PBoC is reportedly injecting 500 billion yuan into China’s biggest banks in an effort to boost liquidity. Tokyo, Japan – According to Tokyo based Cardinal Trading, fear of an economic slowdown has reportedly prompted the People’s Bank of China to begin injecting 500 billion yuan into the country’s largest banks […]
The day Chinese hackers almost broke into the system used by the White House Military Office to issue nuclear commands
Last October we reported that hackers possibly associated with the Chinese government managed to “break into a system used by the White House Military Office to issue nuclear commands”, according to the Washington Beacon. Intelligence officials indicated that the “hack attack” took place earlier this month and involved unidentified hackers who were believed to have been […]