EFTA01449317Dataset 10
2013-07-301p543w
…arising from margining. If it were to tax the exchange of collateral, the FTT would provide an incentive for non-financial institutions to choose the CVA approach. Other market efforts at reducing risk may be impacted by the FTT. For example, portfolio compression trades, where offsetting positions are netted by counterparties in order to minimize counterparty risk, may be subject to the tax. The FTT would have broad implications for all major trading centers of foreign exchange. Many international dealers…
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01449317.pdf
EFTA01464308Dataset 10
2013-07-30105p15,379w
…arising from margining. If it were to tax the exchange of collateral, the FTT would provide an incentive for non-financial institutions to choose the CVA approach. EFTA01464333 Other market efforts at reducing risk may be impacted by the FTT. For example, portfolio compression trades, where offsetting positions are netted by counterparties in order to minimize counterparty risk, may be subject to the tax. The FTT would have broad implications for all major trading centers of foreign exchange. Many international…
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01464308.pdf