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 discussion on the most efficient industry structure - particularly in Europe and the US. At the heart of this discussion lies the question of whether the implementation of...
[PDF.cp19] Clearing Services for Global Markets: A Framework for the Future Development of the Clearing Industry Rating: 3.80 (452 Votes)
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