Time To Lift The Veil - on Credit Default Swaps
Time To Lift The Veil - Forbes.com
In response to these concerns regarding the OTC nature of credit derivatives markets, the Federal Reserve has initiated a move to migrate the clearing of credit default swap contracts through a platform offered jointly by the Chicago Mercantile Exchange (nyse: CME - news - people ) and the hedge fund Citadel. The Depository Trust and Clearing Corporation (New York) and LCH.Clearnet Group (London) have announced a merger to create the world's largest clearing house, also providing services for OTC products such as interest-rate swaps and credit default swaps.
These developments augur well for the credit derivatives market and overall financial stability..."
In response to these concerns regarding the OTC nature of credit derivatives markets, the Federal Reserve has initiated a move to migrate the clearing of credit default swap contracts through a platform offered jointly by the Chicago Mercantile Exchange (nyse: CME - news - people ) and the hedge fund Citadel. The Depository Trust and Clearing Corporation (New York) and LCH.Clearnet Group (London) have announced a merger to create the world's largest clearing house, also providing services for OTC products such as interest-rate swaps and credit default swaps.
These developments augur well for the credit derivatives market and overall financial stability..."
Comments