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pokerplayer
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Posts posted by pokerplayer
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I have had to bite my tongue a few times but realized that it was fruitless. Possibly a learning disability? IDK, if at this stage he can't grasp the concept of the knowledge that we all try and share then I'm not sure why he is even on the board?
JMHO, pp
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35 minutes ago, Half Crazy Runner said:
إعادة التقييمbut no idea how to say
Whatttt? @Half Crazy Runner you, you mean you don't speak Arabic? And here all this time i had you up on a pedestal..... 😆 🤣 😂
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7 minutes ago, Bama Girl said:
I suppose I’m slow this morning but If this is a currency exchange company, why wouldn’t the Dinar be posted? One can visit any exchange company to buy or sell the Dinar. Am I missing something??
If you are then I guess I am as well as I was thinking the same thing.
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6 hours ago, ronscarpa said:
Al-Sudani returns to Baghdad after concluding his official visit to America
2024-04-20 // 05:52Shafaq News / Prime Minister Muhammad Shiaa Al-Sudani returned to the capital, Baghdad, after concluding his official visit to the United States of America, which lasted 6 days.
According to a statement issued by the Sudanese Media Office, the visit included a series of meetings, discussions, seminars, dialogue sessions and other activities, as follows:
■ Meeting with US President Mr. Joseph Biden
■ Receiving Secretary of State Anthony Blinken
■ Visiting the Pentagon headquarters and meeting with the Minister of Defense, Mr. Lloyd Austin
■ Receiving the Czech Prime Minister, Mr. Peter Fiala
■ Receiving the US Secretary of Homeland Security, Mr. Alejandro Mayorkas
■ Receiving the Deputy Secretary of the US Treasury, Mr. Wally Adeyemo
■ Sponsoring the signing of 18 memorandums of understanding in energy, economy, oil sector development and the pharmaceutical industry
■ Receiving a number of members of the House of Representatives from the Republican and Democratic parties
■ Receiving the Chairman of the Democratic Caucus in the US House of Representatives, Mr. Seth Molten
■ Receiving US Senator Democratic Senator Tim Kaine
■ Receiving US Senator Lindsey Graham
■ Receiving a number of former US ambassadors who served in Iraq.
■ Receiving the Chairman of the US Wheat Council, Mr. Vince Peterson
■ Receiving a delegation from JP Morgan Bank
■ Receiving the President of GE Vernova Energy Technology Company, Mr. Scott Strazik
■ Receiving a delegation from the American company Stellar Energy
■ Receiving a delegation from the American company General Dynamics
■ Receiving a delegation from the American company (Baker Hughes).
■ Receiving a delegation from Lockheed Martin, which is responsible for manufacturing F16 aircraft.
■ Receiving the President of the American company (Hanwell), Mr. Ken West
■ Receiving the President of KBR Sustainable Technology Solutions, Mr. Ji Ibrahim, in Houston
■ A number of major American companies specialized in the field of oil and gas met in the city of Houston in a workshop
■ A meeting with an elite group of Iraqi businessmen in the US state of Michigan
■ Receiving a delegation from the Baker Institute for Energy Studies and Research in Houston
■ A meeting with representatives of research centers specialized in Iraq and the region in Washington
■ Dialogue at the Atlantic Council Foundation in Washington, DC
■ Dialogue seminar at Johns Hopkins University in Washington
■ Meeting with a group of the Iraqi community in Washington, DC
■ A meeting with the Iraqi community in the American city of Houston
■ Meeting a large crowd of the Iraqi community at the Islamic Forum in the American state of Michigan
■ Meeting with a group of the Iraqi community at the Iraqi Chaldean Center in the US state of Michigan
■ An artifact dating back to the Sumerian civilization (2900-3000 years BC) was received from the Metropolitan Museum in New York.
■ Receiving the family of American citizen Kayla Mueller, who was kidnapped by ISIS terrorist gangs in the Syrian city of Aleppo in 2013, and was liquidated in 2015.
■ A meeting with representatives and correspondents of a number of Western media outlets in Washington
■ Interview with CNN
■ Interview with the American newspaper The Washington Post
■ A press interview with Al-Monitor
■ Interview with the Wall Street Journal
■ A television interview with the American PBS channel
■ Visit the Iraqi Embassy in Washington, and meet its employees.
Now that is what I call a full agenda for sure !
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9 hours ago, Longtimelurker said:
@Longtimelurker Sorry for laughing . I only did because we had a lively debate last nite here on whether he was still alive or not. I lost.
pp
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6 minutes ago, rvmydinar said:
Just wait and see what happens on April 30 then. Just hope your opinion is right this time.
No opinions are wrong, it's what he "thinks" it should be not necessarily what it will be.even you have opinions but they may not necessarily the same as others, but it is still what you think or would like it to be.
Just saying.
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I found that very interesting. I won't be able to use it, but the Information was very Interesting.
Thxs SD
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1 hour ago, retiredaf said:
From WRAL-TV;
Winning MegaMillions Numbers
Friday, April 19, 2024
19 30 34 46 58 MB 03
Megaplier 3X
Congratulations Markb57 and Jaxinjersey!
Markb57 matched the megaball plus one!
Jaxinjersey matched tonight's megaball # 03!
We had no other winning matches.
Great job Markb57 and Jax !! Thanks retiredaf for keeping us posted with the numbers.
pp
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2 hours ago, BETTYBOOP said:
Biden has renewed EO 13303
I was under the Impression he was not going to renew.
Now I'm not sure what to think anymore.
pp
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**** is about to get real my friends. Buckle up. Because Iran does not want to lose face, as well Russia has been rumored to state that they are ready to jump in as well.
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4 minutes ago, screwball said:
israel just hit iran....unconfirmed reports. world war III has started count down to EBS and 10 days of darkness. It had to be this way....watch russia
I really hope your wrong SB. I really do, but thanks for the heads up.
pp
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7 hours ago, HF4237 said:
What else could these big screens possibly be?? Hmmm....
"Saturday Night Live" reruns ? 😆 🤣 😂
pp
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2 hours ago, Longtimelurker said:
Live right now. Not sure if legit,
Been searching and cannot find anything from news channels. But that doesn't mean it's not legit. If anyone else sees anything proving true or false, please post it here.
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Great stuff, thanks BB
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40 minutes ago, cutter73 said:
I'm that idiot that googled Iraqi TV. 🤦♀️🤯
I prefer to think of you as a sleuth. Sounds way better my friend.
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3 minutes ago, edbeach said:
Don't understand then why is Vietnam allowed to be a member of the WTO ? Vietnam is a lot worse then Iraq"s currency
That is exactly what I was going to say and ask as well. You just beat me to the "submit reply" button
pp
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17 minutes ago, BETTYBOOP said:
So, theoretical senario.... Al Sudani and Co return from the US. They come back have a cabinet meeting to explain what took place in the US. Al Alak moves the dinar to 1:1 or just over that. Budget gets scheduled for reading in parliament at end of April beginning of may. The rate is moved upon their return which let's them get the money out the mattresses and they talk about deleting the 3 zeros whist, educating the citizens. They also monitor inflation during this time and at the end of April beginning of May the budget goes to parliament. Budget eventually gets passed and at this point the rate is reinstated to forex and we can all go to the bank sometime in May or early June
Works just fine for me Betty, love the way your thinking my friend
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44 minutes ago, ronscarpa said:
steps in financial reform"
Amazing ! My bank account requires lots of " financial reform " as well. Lets pull a NIKE and just "Do It "
pp
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God help us and protect the innocent 🙏
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7 hours ago, coorslite21 said:
March 2024....just weeks ago there were changes to the "REPO" process that the SEC/Treasury uses to balance the books...
This isn't like a car repossession and if you're not familiar this article covers some of the basics and recent changes....
@pokerplayer... another long one with many links....
Just a part of how everything is connected....
CL
How the SEC’s US Treasury Clearing Mandate for Cash and Repo Transactions Impacts Market Participants
TYPE:Pennsylvania + Wall
DATE:January 25, 2024
BY:Ray Agoglia, Brendan Maher, Mark Nichols, and Neal H. Ullman
The following is a guest blog post by Ernst & Young LLP on the recently finalized rules from the U.S. Securities and Exchange Commission regarding its Standards for Covered Clearing Agencies for U.S. Treasury Securities and Application of the Broker-Dealer Customer Protection Rule with Respect to U.S. Treasury Securities. The U.S. Treasury market is a bedrock of the global financial system. SIFMA supports broad policy objectives to enhance its resiliency and capacity through carefully calibrated reforms, including through increasing central clearing. Learn more here.
What are the key requirements of the SEC’s U.S. Treasury (UST) central clearing final rule?
The final UST clearing rule was approved by the Securities and Exchange Commission (SEC) on December 13, 2023, and mandates that secondary trading of in-scope transactions be cleared via a covered clearing agency (CCA). Currently, the Fixed Income Clearing Corporation (FICC), a subsidiary of the Depository Trust and Clearing Corporation, is the only UST CCA.
In-scope transactions that must be cleared by CCAs and compliance dates are as follows:
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UST cash purchases and sales have a compliance date of December 31, 2025, for transactions:
- Entered by direct participants that are interdealer brokers
- Between clearing members and certain other firm types (e.g., registered broker-dealers, government securities broker-dealers)
- UST repo and reverse repo transactions have a compliance date of June 30, 2026, for the direct participants of a UST securities CCA with the requirement to clear eligible secondary market transactions (e.g., repo or reverse repo agreements collateralized by UST securities)
CCAs in the UST market must adopt policies and procedures designed to require their members to submit the transactions listed above for clearing and take steps to facilitate access to clearing for additional market participants (e.g., pension funds, asset managers). CCAs will also be required to collect margin separately for house and customer transactions. Lastly, the rule impacts 15c3-3 reserve calculations and permits margin required and deposited with a clearing agency to be included as a debit in reserve formula calculations, subject to certain conditions.
Key CCA implementation dates are as follows:
- CCA rulebook updates are due by March 18, 2024.
- CCA implementation of enhanced practices is required by March 31, 2025, and is expected to include risk management practices, margin practices, customer asset protection and market access expansion.
Based on CCA rulebook updates and anticipated enhanced practices, market participants will be met with varying degrees of requirements and actions based on firm type, size, current capabilities and clearing model.
Notable operational impacts that dealers will need to implement by the same March 31, 2025 compliance date related to reserves and margin include:
- Updating the 15c3-3 calculation to include the debit calculation component (for those that plan to take the debit)
- Updating possession and control calculation to demonstrate effective segregation and possession and control of customer assets
- Bifurcating margin flows between house and client activity, inclusive of client account-level granularity
Who is impacted by this new rule?
Market participants across the sell side and buy side will be impacted in different ways; however, the adopted rule will have material impacts to broker-dealers and institutional investors. The approved rule includes several exemptions and a longer implementation timeline than originally expected, giving market participants an opportunity to assess the impact of these changes and evaluate their strategies and implementation paths.
Notable exemptions / exclusions from eligible secondary market transactions include:
- Cash transactions between a direct participant and either a hedge fund or leveraged account
- Inter-affiliate activity, subject to certain conditions
- Instances in which one counterparty is a central bank, a sovereign entity, an international financial institution and/or a natural person
- Repos or reverse repos in which one counterparty is a state or local government, or between a direct participant and an affiliated counterparty, as long as the affiliated counterparty submits for clearance and settlement all other repurchase and reverse repurchase agreements to which the affiliate is a party
What are some key considerations for market participants today?
Market participants will need to make material changes to their strategies, business models and operating infrastructure to either offer or maintain UST market access under the clearing mandate.
Key items for market participants to consider include the following:
- UST trading and front office strategy. Current and/or aspirational UST clearing access models (direct membership, sponsored, sponsoring, etc.) should be assessed and aligned to the market participant’s business strategy. Identifying the desired UST target state in short order is critical in verifying that required transformation efforts are complete prior to rule compliance dates.
- Clearing models and technology. Depending on the existing UST clearing models and supporting infrastructure, firms may require significant internal technology uplift and/or third-party platform implementation to support system" rel="">support the desired UST target state.
- Operating model and capacity. Government settlements and middle office functions will have to be reviewed as part of general operating model changes. Confirming that operations teams have the tools and capacity to operate in a cleared environment at a greater scale will be critical in determining the proper path forward.
- Margin requirements. The rule may yield an increase in margin requirements due to an increase in clearing activity and introduce segregation requirements for direct vs. indirect participants. There are differing impacts to sell- and buy-side firms. The UST clearing mandate will introduce the need for initial margin and increase guaranteed fund requirements. Additionally, further calculation tooling, intraday enhancements and what-if analysis will need to be considered for market participants’ margin infrastructure.
- 15c3-3 impacts and amendments. There are various impacts and amendments to the rule, including debits and credits impacting customer and PAB reserve formulas, including the ability to deduct margin passed to the CCAs from the reserve amount.
- Risk management updates. Central clearing targets the reduction of counterparty credit risk by redirecting activity to a CCA’s centralized netting and risk management system. The rule also introduces the need to set limits for in-scope activity, which will need to be understood by all participants as they determine if a multi-clearing model is required for their activity or if they can access the system through a single sponsored provider.
- Adjacent regulatory impacts. Banks will have to assess the impact to risk-based capital and supplemental leverage ratio-based capital that the broker/bank has to hold to support system" rel="">support clearing-related activities. The SEC has also proposed an expanded definition of a dealer that, if approved, will capture a large volume of buy-side firms into the cash and financing elements of this rule.
What CCA rulebook clarifications are needed for implementation?
The industry is awaiting final CCA rulebook updates and outstanding industry consensus around key items with significant impact, including, but not limited to, repapering, give-ups/ins, international membership, mix trades partially collateralized with UST and related items. Rulebook updates from CCAs are due by March 18, 2024.
What can firms initiate now to prepare for the UST central clearing initiative?
For UST market participants, it is critical to manage a key risk arising from the clearing mandate in maintaining market access through brokers, sponsors and/or via CCA direct membership. Market participants should continue to educate themselves on the final rule requirements and anticipated impacts utilizing materials publicly available from the SEC, industry bodies (e.g., SIFMA) and third-party subject-matter advisors. Additionally, participation in industry forums, such as SIFMA, will provide access to leading insights and information on how the market is approaching the rule and a platform for firms to influence industry decisions. To learn more from the SEC, please review the SEC Final Rule and the associated Fact Sheet.
In parallel with rule analysis, impact gathering and business strategy development, market participants should also look to:
- Review current UST market access and capabilities supported by internal data and metrics.
- Determine the appropriate UST clearing access model to best serve internal needs (e.g., affiliated entities, treasury, funding) and external parties (e.g., clients, brokers, interdealer brokers).
- Assess current capabilities for alignment to target state and timely UST clearing mandate compliance.
- Develop a high-level roadmap through compliance and initiate required programs that may be high effort or longer duration (e.g., direct membership).
To learn more about how EY teams are addressing the topic, please reach out to Mark Nichols, Neal H. Ullman, Brendan Maher and Ray Agoglia.
The views reflected in this article are the views of the authors and do not necessarily reflect the views of Ernst & Young LLP or other members of the global EY organization.
–
Ray Agoglia, Senior Manager – Ernst & Young LLP
Brendan Maher, Managing Director – Ernst & Young LLP
Mark Nichols, Principal – Ernst & Young LLP
Neal H. Ullman, Managing Director – Ernst & Young LLPRELATED RESOURCES
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Took me a couple of separate sittings @coorslight21 to get through it all but I do find it very interesting for sure.
Thanks for posting this.
pp
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UST cash purchases and sales have a compliance date of December 31, 2025, for transactions:
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Thxs CL. Extremely long read with a few video's tossed in but overall lots of good nuggets.
Thanks for sharing.
pp
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7 hours ago, MyLadiesDaddy said:
We are under attack. I absolutely do not believe in coincidences.
Too many coincidences as far as I'm concerned. If their is nefarious issues from an attack from a different Country, then it needs to be dealt with, firmly and swiftly.
Great find my friend. Time will tell.
pp
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3 hours ago, Shedagal said:
Like I said in the previous thread, there are some who will not believe until they see it. It doesn't deter me one iota to be mocked. The same people who do that will be the ones asking for help later. Love the statement - You ask how I knew; I ask how could you not?
I hope my post did not come across to folks like that. That was never my intention. The meaning behind my post was to clarify what some people are wondering on how conspiracy theorists come to those conclusions. I myself believe in some theories and others i do not believe at all, to each his own I guess.
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Iranian Rial
in Foreign Currencies
Posted
Thanks SB, while things have taken a turn, we may be waiting quite a while longer.
pp