OTC Derivatives: Euro Exposures Rise and Central Clearing Advances
11 Pages Posted: 17 Dec 2019
Date Written: December 8, 2019
Abstract
The composition of amounts outstanding in over-the-counter derivatives shifted towards the euro and cleared instruments. Since the Great Financial Crisis, increases in central clearing rates have helped shape growth in amounts outstanding. Derivatives subject to regulatory clearing mandates were approaching full clearing, while clearing rates were low for certain products, including some with short maturities or liquid bilateral markets.
JEL Classification: G10; G18; G23
Suggested Citation: Suggested Citation
Aramonte, Sirio and Huang, Wenqian, OTC Derivatives: Euro Exposures Rise and Central Clearing Advances (December 8, 2019). BIS Quarterly Review, December 2019, Available at SSRN: https://ssrn.com/abstract=3502892
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