The Basel Committee on Banking Supervision has today released an FAQ (frequently asked questions) document on the standardised approach for measuring counterparty credit risk exposures (SA-CCR).

The FAQs respond to a number of interpretation questions received by the Committee on its publication The standardised approach for measuring counterparty credit risk exposures, as published in March 2014 and revised in April 2014.

The new SA-CCR will replace both current non-internal model approaches, the Current Exposure Method (CEM) and the Standardised Method (SM). To help ensure consistent global implementation of its standards, the Committee has agreed to periodically review frequently asked questions and publish answers along with any technical elaboration of the standards and interpretative guidance that may be necessary.

The questions and answers are grouped according to relevant areas; the eight-page document is available in full on the Bank for International Settlements website.

NOREXCO ASA is to start exchange services for the pulp and paper industry, becoming the world´s only derivatives exchange for the sector.

Intercontinental Exchange, the global network of exchanges and clearing houses, has reported the first trade in the Italian PSV futures contract at ICE Endex.

Russia's National Settlement Depository (NSD), the country’s central securities depository, says it has implemented back-to-back settlements technology for off-exchange DVP (delivery versus payment) transactions. Trading bank accounts and transactions may be in Russian rubles, US dollars, euro, or yuan.

Clearstream reports that the overall value of assets under custody held on behalf of customers registered an increase of 8 percent to EUR 13.2 trillion (compared to EUR 12.2 trillion in August 2014). 

Euroclear Bank has opened an account with Hong Kong’s Central Securities Depositary, the Central Moneymarkets Unit (CMU).

Eurex Clearing reports that it has admitted another major participant to EurexOTC Clear – the German Bund, represented by the Bundesrepublik Deutschland – Finanzagentur GmbH (the Federal Republic of Germany – Finance Agency).