Changing Post-Trading Arrangements for OTC Derivatives
13 Pages Posted: 6 Jul 2012
Date Written: December 10, 2007
The post-trading infrastructure of OTC derivatives markets has not always kept up with the rapid growth in trading volumes. Recent years have seen some initiatives that seek to introduce multilateral elements that facilitate flows of information between market participants while preserving the decentralised nature of the transactions. While central counterparties lead to the highest degree of mutualisation, other services, such as central information depositories or multilateral terminations, could deliver similar benefits in terms of information management.
JEL Classification: G24, G29, G32
Suggested Citation: Suggested Citation