are consistent with the reluctance to clear derivative trades in the absence of a clearing obligation. …

reluctance to clear derivative trades in the absence of a central clearing obligation. We develop a comprehensive understanding … moving from a bilateral to a clearing architecture for derivative markets. Previous studies suggest that central clearing is … its counterparties: 1) correlation across and within derivative classes (i.e., systematic risk), 2) collateralization of …

reluctance to clear derivative trades in the absence of a central clearing obligation. We develop a comprehensive understanding … moving from a bilateral to a clearing architecture for derivative markets. Previous studies suggest that central clearing is … its counterparties: 1) correlation across and within derivative classes (i.e., systematic risk), 2) collateralization of …

the post-crisis process: the exemption of non-financial operators from OTC derivative regulatory requirements, especially … unreported trades and counterparty risks to financial firms; there is still uncertainty around the pricing of derivative (i …

Close-out netting is a credit risk mitigation process that applies to over-the-counter derivative transactions between …