Summary
Chase55 Artefacts Limited, advise clients on how to raise liquidity to support “synthetic collateral” used to underwrite FX CCDS risk.
Clients are major, regional banks such as Standard Chartered and Santander.
On the back of this advice, clients raise major bond and bank funding, usually in hard currency.
This is for major government backed infrastructure or power generation or distribution projects.
G77 nations fund in hard currency but should really hold PUTs to redeem from local currency operations.
These PUTs would be expensive, so parties offset them with CALLs to create FX swaps.
CALLs raise FX CCDS risk.
G77swap (Chase55 Art) advises partners how to economically underwrite FX CCDS risk.
These transactions are executed between banks and delivered into appropriate currencies.
Chase55 Artefacts limited are not required to be
FCA or PRA, Bank of England, regulated in their advisory business.
Any positions raised in this vein, may require Bank of England, Solvency II compliance by the banks.
Chase55 advises banks on these requirements, on top of their CRD IV capital requirements.
Chase55 does have a working relationship with the UK FCA in order to ensure disclosure and compliance.
All senior Chase55 officers are FCA registered, see below.
US SEC and OCC Federal reserve Bank, New York.
The OCC team at the FRB have developed the regulations and disclosures IFRS9.
As required for FX CCDS risk management.
Chase55 (G77swap) do not hold any client monies nor do they advise on investments in any asset class.
Risk advisory is very specific, especially in G77 markets.
Any transactions or settlements are executed by third parties into regulated bank accounts.
url
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City Office L39 One Canada Square, Canary Wharf,
UK VAT Number 997266356
Company Number 07247825
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