Wanted: CCP Services for OTC Derivatives, Now

October 2008
Securities Industry News;10/6/2008, Vol. 20 Issue 35, p11
Trade Publication
The article looks at the issue surrounding the call for central counterparty (CCP) services for over-the-counter (OTC) derivatives. It discusses how OTC derivatives is considered as a complicated and a hard-to-deal-with financial instrument. The different views on the role of regulators and system providers in the OTC derivatives market are discussed. Also discussed are the implications of the presence of CCP in the market. It is noted that CCP has potential to reduce counterparty risks to OTC derivatives.


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