EC Eases OTC Clearers’ Funding Requirements

14 Sep 2010

The European Commission has made a change to its draft law regarding over-the-counter derivatives that will make it easer for OTC clearers to meet liquidity requirements.

The European Commission has made a change to its draft law regarding over-the-counter derivatives that will make it easer for OTC clearers to meet liquidity requirements. Under the EC’s revised proposal, clearinghouses would be permitted to use credit from commercial banks to fulfill the requirements, rather than only ...

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