Clearing Over-the-Counter Derivatives

10 Pages Posted: 15 Nov 2011

See all articles by Ed Nosal

Ed Nosal

Federal Reserve Banks - Federal Reserve Bank of Atlanta

Date Written: October 24, 2011


Prior to the financial crisis of 2008, the over-the-counter derivatives market was not required to “clear” transactions. This changed with the Dodd–Frank Act of 2010. This article explains how clearing works and how it could improve liquidity and competition for over-the-counter derivatives.

Keywords: financial institutions and services, government policy and regulation

JEL Classification: G20

Suggested Citation

Nosal, Ed, Clearing Over-the-Counter Derivatives (October 24, 2011). Economic Perspectives, Vol. XXXV, No. 4, 2011, FRB of Chicago Working Paper No. 4Q/2011, Available at SSRN:

Ed Nosal (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Atlanta ( email )

1000 Peachtree Street N.E.
Atlanta, GA 30309-4470
United States

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