Central Counterparties for Over-the-Counter Derivatives
14 Pages Posted: 2 Aug 2012
Date Written: September 2009
Wider use of central counterparties (CCPs) for over-the-counter derivatives has the potential to improve market resilience by lowering counterparty risk and increasing transparency. However, CCPs alone are not sufficient to ensure the resilience and efficiency of derivatives markets.
JEL Classification: G01, G15, G18
Suggested Citation: Suggested Citation