Clearing house for derivatives back on the agenda
Widespread uncertainty over counterparty risk, crystallised by the collapse of Bear Stearns, has prompted dealers to resurrect talks aimed at setting up a clearing house for credit derivatives
A group of dealers hoping to avoid the systemic implications of counterparty risk are working with the Clearing Corporation on the establishment of a central clearing house for certain credit derivatives products.
Discussions on the establishment of a central clearing house for derivatives products have taken place at various stages in the past 20 years. And with concerns heightening over
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