Entoro’s Post

#MISO has launched the 24/25 capacity auction. While we expect MISO to secure adequate resources to maintain grid reliability, there are some wild cards in the deck. Supply-side dynamics will dictate the results of this auction cycle, with intrazonal imports keeping the lights on. Sentiments within the bilateral market, particularly within the North/Central Zones, grew bearish leading up the auction opening. As more information was released, supply flooded the market and bids dropped. The transactional curve below is in #contango as market participants expect a shortfall. For more insights on this year's auction or future planning years, check out our latest MISO Update on the #KarboneDataHub. #Karbone #CapacityAuctions #MISO #PRA #Brokerage

Nord vLEI Becomes First European GLEIF Qualified vLEI Issuer https://lnkd.in/gWU2hUXs #vLEI #gleif #LEI #digitisation #digitalcredentials #transparency Global Legal Entity Identifier Foundation (GLEIF) NordLEI

𝗔𝗹𝗲𝗿𝘁: 𝗖𝗲𝗻𝘁𝗿𝗮𝗹 𝗕𝗮𝗻𝗸 𝗼𝗳 𝗡𝗶𝗴𝗲𝗿𝗶𝗮 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝗿 𝗧𝗘𝗗/𝗙𝗘𝗠/𝗣𝗨𝗕/𝗙𝗣𝗖/𝟬𝟬𝟭/𝟬𝟮𝟱 𝗧𝗶𝘁𝗹𝗲: Circular on Memorandum 20 - 22 of the Foreign Exchange Manual 𝗦𝘂𝗺𝗺𝗮𝗿𝘆: As per Memorandum 20 section 2 (vi) of the Foreign Exchange Manual, divestments and repatriation of Certificate of Capital Importation (CCI) related transactions must present specific documents. For all divestment or repatriation, including pre-liquidation or matured investments, please provide evidence of: Electronic CCI and redemption of investment in local currency assets, such as money market instruments, debt securities, or equities. 𝗣𝗼𝘀𝘁𝗲𝗱 𝗼𝗻: Aug 08, 2024 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱: See the link in the first comment 👇👇👇 👉 𝗙𝗼𝗹𝗹𝗼𝘄: this page to receive same day regulatory updates 👉 𝗟𝗶𝗸𝗲: if you find this useful 👉 𝗥𝗲𝗽𝗼𝘀𝘁: is this helps your work 👉 𝗖𝗼𝗺𝗺𝗲𝗻𝘁: when you have anything to add

An odd request for comment from the CFTC on an exchange's (Kalshi's) modification to its rulebook to allow for "pre-execution communications." The CFTC stopped the exchange rule change and asked for public comment. The problem here is there is no explanation of the CFTC's concerns other than conclusory sentences that the exchange might violate the Commodity Exchange Act. Hard for the public to comment if they don't know the issues. It's also worth noting that the Kalshi rule change generally tracks existing rules from other major exchanges, so it's very unclear what the CFTC's problem is with this particular rule change. Again - the public would have benefitted from knowing the issues in order to provide meaningful public comments. https://lnkd.in/eTkfEfgG

A unified procedure for simplified admission of members of the Republican Stock Exchange "Toshkent" to the UZCE Uzbek Republican currency exchange has been developed. As a result of the adoption of this procedure, the opportunity for members of the two exchanges to participate in exchange trading in government and corporate securities is expanding and conditions are being created to attract foreign investors to the securities market of Uzbekistan. #uzbekistan #stock #currency #exchange #broker #securities #market #fiance #sector #development #investments

Derivatives 2024 A comprehensive analysis of the #legal and #regulatory landscape for #derivatives transactions in Cyprus. This chapter outlines the enforce-ability of close-out netting provisions, which are critical for managing counter party risk in derivative contracts. The tax implications of derivative transactions are also covered, highlighting the importance of compliance with local tax laws. Furthermore, the regulatory oversight by the Cyprus Securities and Exchange Commission (CySEC) is discussed, with particular emphasis on adherence to European regulations such as the European Market Infrastructure Regulation (EMIR) and the Markets in Financial Instruments Directive II (MiFID II). These frameworks ensure that the derivatives market in Cyprus operates transparently and efficiently, aligning with international standards. #Derivatives Authors: Angeliki Epaminonda & Angelos Onisiforou Publisher: International Comparative Legal Guides (ICLG)

💡Eurex hosted on June 13 a panel discussion facilitated by Luke Jeffs from FOW. The discussion considered the practical implications of the #EMIR 3.0 regulation designed to force European interest rate #derivatives clearing to shift from London into the Europe. Read our summary here ➡ https://bit.ly/3Xs5wzX #interestrates #trading #regulation #regulatoryreporting

Nord vLEI Becomes First European GLEIF Qualified vLEI Issuer https://lnkd.in/g9MSe-8v #vLEI #gleif #LEI #digitisation #digitalcredentials #transparency Global Legal Entity Identifier Foundation (GLEIF) NordLEI

Diamond certification under G7 rules lead to shadow market — Russian Finance Ministry According to the statement, growing financial expenses and time costs will reduce the profit of the 'diamond pipeline' middle segment almost to zero MOSCOW, November 7/ A diamond certification mechanism Group of Seven countries are pushing will lead to a large shadow market emerging and will undermine the transparency process achieved during functioning of the Kimberley Process Certification Scheme, Russian Deputy Finance Minister Alexey Moiseev said on the verge of the plenary session of the Kimberley Process. "Growing financial expenses and time costs will reduce the profit of the 'diamond pipeline' middle segment almost to zero but will not lead to a rise in cut diamond prices in the long run," the official said. "On the contrary, additional encumbrances will lead to a large shadow market emerging along the entire chain of supply, undermine the legal trade, the transparency mechanism achieved with difficulties during the functioning period of the Kimberley Process Certification Scheme and established self-regulation mechanisms in the industry," he noted, adding that gross profits of the natural diamonds segment will fall to record low levels. #business #finance #financialservices

📊 Yieldpoint v Kimura: a victory for market practice, or just a warning on how to draft? 📃 The Court of Appeal has reversed a decision regarding an offer under a BAFT (Bankers Association for Finance and Trade) Master Risk Participation Agreement (MRPA), in a case between Kimura Commodity Trade Finance Fund Limited and Yieldpoint Stable Value Fund, LP. 💳 The BAFT MRPA – the most recent version of which was released in 2018 with a few updates since – has been regarded as a market standard document by which holders of trade assets such as loans, receivables and contingent payments (e.g. letters of credit) can act as sellers of participations in the risk in those assets to a counterparty, the participant. ✍️ In our latest Magazine Issue 23 Sibos Edition, Trade Finance Global (TFG) sat down with Geoffrey Wynne is a partner and head of Sullivan’s Trade & Export Finance Group and the firm's London office, discusses about Yieldpoint v Kimura. 📖 Read the article with the link in the comments! ⬇ 🔍 Also, check out our Sibos coverage for breaking news, exclusive interviews, and key highlights from Sibos 2024 event. Stay in the loop: https://lnkd.in/eKBqdUxe #sibos2024 #tradefinance #risk