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CFA Lecture: IBOR Transition

On Wednesday, the 6th of November (from 5.45pm), Lucht Probst Associates GmbH (LPA) will host a CFA lecture on the IBOR Transition. Christian Behm, LPA, and Costantino Peiser, DekaBank, will talk about recent market deve…

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Geistesblitz / Publications

Geistesblitz 09/19

Forward-Swap with flexible notional: “Flexi-Swap” Initial situation In the current interest rate environment, the demand for interest rate hedges for longer-term financings remains high. On the other hand, …

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IBOR-Reform

Seminare der LPA Academy 2019

IBOR Transition Aufgrund der hohen Nachfrage und dem positiven Feedback zu unseren bisherigen IBOR Transition Seminaren, findet ein weiterer Termin am 19. September 2019 statt. Melden Sie sich jetzt an und tauchen Sie…

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Geistesblitz / Publications

Geistesblitz 07/19

USD interest optimization “Cancellable Double-Swap” Initial situation In the March issue, we had already adressed the US interest rate environment and the inverse yield curve. In the meantime, its negative s…

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Geistesblitz / Publications

Geistesblitz 05/19

Shout Forward Initial situation Due to the predominantly declining EUR-USD exchange rates since January last year, USD importers are increasingly hoping for a stronger EUR again. Coming from 1.2513 USD / EUR, the EUR-US…

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Geistesblitz / Publications

Geistesblitz 03/19

USD interest hedge with “CombiSwap” Initial Situation Storm clouds are brewing on the horizon of the US economy as well.  The country appears to be in the final stage of the economic cycle. Thus, for short and medi…

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IBOR-Reform

Seminare der LPA Academy 2019

IBOR Transition Aufgrund der hohen Nachfrage und dem positiven Feedback zu unseren bisherigen IBOR Transition Seminaren, findet ein weiterer Termin am 23. Mai 2019 statt. Melden Sie sich jetzt an und tauchen Sie tief in…

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IBOR-Reform

Contract and Fallback Management

The IBOR reform and the resulting transformation towards a new system of reference interest rates imposes a fundamental change on markets and market participants. A key component of the overall challenge towards a succe…

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Geistesblitz

Geistesblitz 02/19

5-year hedge of a maximum interest rate using the “interest cap with contingent premium” Initial Situation In the current interest rate environment, the demand for interest rate hedges for longer-term financings re…

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Geistesblitz / News

Geistesblitz 01/19

3-year average rate hedge using a ‘multi-EUR-GBP hedge with limited minimum rate’ Initial Situation Despite a postponement of the House of Commons vote, the British Prime Minister Theresa May has not yet achieved th…

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IBOR-Reform

CFA Lecture: IBOR Transition

The IBOR reform raises many questions: What is the reform of reference interest rates about and what is its objective? Where are the biggest hurdles to implementation? Christian Behm, LPA, and Costantino Peiser, Dekabank…

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Case Clearing
IBOR-Reform

The reform within the reform

IBOR Transition: Enhancing EURIBOR and LIBOR. While many participants focus on the interest rate benchmarks after the LIBOR and EURIBOR, the administrators are working on enhancing the existing benchmarks to be compliant…

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Case Benchmarking
IBOR-Reform / News

ESTER replaces Eonia

ECB working group recommends ESTER as euro risk-free rate and replacement for Eonia The ECB Working Group on euro risk-free rates has selected the successor index to the Eonia (see press release). The favourite euro sho…

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Case LPA Doc
Geistesblitz

LPA-Geistesblitz 5/2018

Variabilisation of a fixed-rate financing using a “Cancellable Receiver Swap with Cap” Initial Situation In an earlier edition of the „Geistesblitz“ we discussed the increase in fixed-rate financing.1 The i…

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Case LPA Doc
Geistesblitz

LPA-Geistesblitz 4/2018

Which market parameters have an impact on the attractiveness of the TARF?   The TARF in the current EUR-USD market environment The EUR-USD market environment is characterized by two mutually amplifying developments. On…

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Case LPA Doc
Geistesblitz

LPA-Geistesblitz 3/2018

KIDs for PRIIPs: Analysis and interpretation of performance scenarios  1. Preliminary remark. The KIDs (Key Investor Information Documents), which have been mandatory since the beginning of the year for PRIIPs (Packaged…

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Case LPA Doc
News

PruVal Revisited

The Implementing Technical Standard for COREP (03/2016) and possible consequences for existing Prudent Valuation implementations. In short Implementation and application will happen in 2018. Requirements for granularity…

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Case Strucuring
Geistesblitz

LPA Geistesblitz 2018-01

Bonus-Deposit with contingent interest reduction. The Geistesblitz “Bonus-Deposit with contingent interest reduction.pdf” is an example of alternatives that clients have besides the regular fixed or floating deposits…

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Singapore
News

LPA opens a subsidiary in Singapore

LPA (Lucht Probst Associates) opens a branch office in Singapore in order to place its product ranges in new markets. As the largest banking location in the Asia-Pacific region, Singapore provides optimal conditions to …

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Case Clearing
News

EMIR Initial Margin

Lessons Learned aus der bisherigen Umsetzung der Initial-Margin-Anforderungen für nicht-geclearte Derivate In aller Kürze Die Initial-Margin-Anforderungen für nicht-geclearte Derivate treten schrittweise bis 1. Septe…

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Case Benchmarking
Geistesblitz

LPA-Geistesblitz 2018-2

Read now our current LPA-Geistesblitz “Multi-FX-Forward with extension right”. Following a strong rise of the EUR-USD exchange rate over 3 months, the spot rate has declined lately. The Geistesblitz “Multi-FX-Forwa…

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Case Digital Advisory
Publications

MiFID II: Suitability Report

This content is only available in German ESMA veröffentlicht draft Guidelines Im Juli dieses Jahres veröffentlichte die ESMA ein Konsultationspapier zur Konkretisierung ausgewählter Anforderungen an die Geeignetheits…

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