A Framework for the Future Development of the Clearing Industry
by
Tina P. Hasenpusch
Language: English
Release Date: September 24, 2009
Clearing forms the core part of a smooth and efficiently functioning financial market infrastructure. Traditionally, it has been provided by clearing houses, most of which today act as a 'central counterparty' (CCP) between the two sides of a trade. The rapid growth of cross-border trading has sparked...