Practical guidance toward handling the latest changes to the OTC derivatives market Central Counterparties is a practical guide to central clearing and bilateral margin requirements, from one of the industry's most influential credit practitioners. With up-to-date information on the latest regulations imposed after the global financial crisis, this book covers the mechanics of the clearing process and analyses the resulting consequences. Detailed discussion explains the ways in which the very significant clearing and margining rules will affect the OTC derivatives market and the financial markets in general, with practical guidance toward implementation and how to handle the potential consequences. Over-the-counter derivatives were blamed by many for playing a major role in the 2007 financial crisis, resulting in a significant attention and dramatic action by policymakers, politicians, and regulators to reduce counterparty credit risk which was seen as a major issue in the crisis. The two most important regulatory changes are the mandatory clearing of standardised OTC derivatives, and the requirements for bilateral margin posting in non-standard OTC contracts. Central Counterparties is a complete reference guide to navigating these changes, providing clarification and practical advice. Review the mitigation of counterparty credit risk with the historical development of central clearing Clarify the latest regulatory requirements imposed by Dodd-Frank, EMIR, Basel III and more Learn the mechanics of central clearing, with special attention to complex issues such as margin calculations, the loss waterfall, client clearing and regulatory capital rules Gain insight into the advantages and disadvantages of clearing and bilateral margin requirements, and the potential issues that arise As the clearing and margining mandates are phased in, the associated costs will be severe enough to dramatically shift the topology of the financial markets and transform the nature of risk. Central Counterparties provides the information, clarification and expert insight market practitioners need to get up to speed quickly.

The Norwegian Continental Shelf (NCS), focus of this special publication, is a prolific hydrocarbon region and both exploration and production activity remains high to this day with a positive production outlook. A key element today and in the future is to couple technological developments to improving our understanding of specific geological situations. The theme of the publication reflects the immense efforts made by all industry operators and their academic partners on the NCS to understand in detail the structural setting, sedimentology and stratigraphy of the hydrocarbon bearing units and their source and seal. The papers cover a wide spectrum of depositional environments ranging from alluvial fans to deepwater fans, in almost every climate type from arid through humid to glacial, and in a variety of tectonic settings. Special attention is given to the integration of both analogue studies and process-based models with the insights gained from extensive subsurface datasets.

The essays in Globalization on the Margins explore the continuities and changes in Central Asian education development since the collapse of the Soviet Union in 1991. Reflecting on two decades of post-socialist transformations, they reveal that education systems in Central Asia responded to the rapidly changing political, economic, and social environment in profoundly new and unique ways. Some countries moved towards Western models, others went backwards, and still others followed entirely new trajectories. Yet, elements of the “old” system remain. Rather than viewing these post-Soviet transformations in isolation, Globalization on the Margins places its analyses within the global context by reflecting on the interaction between Soviet legacies and global education reform pressures in the Central Asian countries of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. Instead of portraying the transition process as the influx of Western ideas into the region, the authors provide new lenses to critically examine the multidirectional flow of ideas, concepts, and reform models within Central Asia. Notwithstanding the variety of theoretical perspectives, methodological approaches, and conceptual lenses, the authors have one thing in common: both individually and collectively, they reveal the complexity and uncertainty of the post-Soviet transformations. By highlighting the political nature of the transformation processes and the uniqueness of historical, political, social, and cultural contexts of each particular country, Globalization on the Margins portrays post-Soviet education transformations as complex, multidimensional, and uncertain processes.

Margin is the space that once existed between ourselves and our limits. Today we use margin just to get by. This book is for anyone who yearns for relief from the pressure of overload. Reevaluate your priorities, determine the value of rest and simplicity in your life, and see where your identity really comes from. The benefits can be good health, financial stability, fulfilling relationships, and availability for God’s purpose.

The papers and research results presented here have been prepared as part of the Integrated Basin Studies project. This project had the objective of studying the lithospheric and upper crustal processes governing the formation and evolution of extensional and foreland basins and to decipher the role of tectonics, sea level and sedimentary processes in the filling of such basins. The Dynamics of the Norwegian Margin module focused on the rifted sedimentary basins of the northern North Sea and off Mid-Norway. This prolific hydrocarbon province has an extensive industry and scientific database and offers a unique opportunity to study fundamental earth processes, from failed rifting to crustal breakup and accretion of oceanic crust. A set of new models for basin formation and filling has been derived, including linking of sedimentary basin faulting to lower crustal deformation, signature and variability of syn-rift infill, correlation of mineralogy to seismic signature, nature and characteristics of volcanic margin formation and distribution of present-day stress field.