Into the unknown: Risk OTC client clearing survey
Client clearing is a new business for the over-the-counter derivatives market, with untested rules and – so far – largely unproven services. To shed some light on pricing and practices as the first clearing mandates take effect, Risk surveyed 21 early adopters. By Joe Rennison, with research by Max Chambers
Cost is not a big factor when choosing a provider of over-the-counter derivatives clearing services; clients believe they have enough collateral to cope with the new regime; the number of firms using swap futures will double over the next 12 months; and half of buy-side firms believe clearing is not a good thing for the OTC market – just some of the findings from Risk’s first OTC client clearing survey. A pdf showing full results and graphs can be found at the foot of this article.
A total of 21
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