Special report: Clearing and settlement
Regional financial institutions are hooking up with major dealers to access their CCP clearing memberships, bypassing the hefty start-up costs associated with direct access to such services. But these third-party arrangements are giving regulators a headache
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Major dealers are scouring the Asia-Pacific region to find financial institution clients interested in using their multiple derivatives central counterparty (CCP) clearing memberships and other derivatives capabilities on a third-party basis.
By using a major dealer as a counterparty, other financial institutions can avoid the hassle of establishing clearing memberships with the vast array of CCPs springing up within the region and elsewhere, as well as
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