“I don’t think clearing eliminates risk, but instead is a socialization of risk and thus we do feel quite strongly about having a strict membership requirements in order to make sure that when there is something wrong you can settle it in an orderly efficient manner.”

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“I don’t think clearing eliminates risk, but instead is a socialization of risk and thus we do feel quite strongly about having a strict membership requirements in order to make sure that when there is something wrong you can settle it in an orderly efficient manner.”

—Thomas Treadwell, Asia Pacific head of over-the-counter client clearing for Citigroup in Singapore, on the need to have strict clearinghouse membership requirements.

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