This article outlines the benefits and risks of the distributed ledger technology (DLT) for the clearing and settlement …

looking at counterparty relations within both direct (house) clearing and client clearing. Since the majority of the gross … notional is transferred within central counterparties and their clearing members, client clearing is often neglected in the … literature, despite its significance in terms of net exposures. We find that the client clearing structure is very strongly …

Following the 2008 financial crisis, regulation mandates the clearing of the CDS market through Central Clearing …

Recent regulation mandating the clearing of credit default swaps (CDS) by a Central Clearing Counterparties (CCP), has …

-the-counter derivative regulation. Many of the Dodd-Frank statutes and proposed rules go well beyond the relatively modest objectives agreed … the isolation of U.S. OTC derivative markets. Isolation results from participants simply abandoning U.S. markets because …

agenda items – such as the promotion of central clearing – that are costly, but do not directly benefit banks. We further …

are consistent with the reluctance to clear derivative trades in the absence of a clearing obligation. …Through the lens of market participants' objective to minimize counterparty risk, we investigate central clearing in … suggest that central clearing always reduces counterparty risk for a sufficiently large number of clearing members. We show …

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 … derivative claims, and 3) loss sharing among clearing members. Our results have substantial implications for the design 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 … derivative claims, and 3) loss sharing among clearing members. Our results have substantial implications for the design of …