Not exact matches
International banks active in the Australian
market are generally already actively
clearing Australian dollar - denominated interest rate
swaps via offshore entities that participate in LCH.Clearnet's London - based SwapClear service or CME
Clearing in the United States.
But long before regulators were publicly discussing bringing stability to the credit default
swap market, the Intercontinental Exchange plunged in,
clearing $ 12 trillion gross in notional amounts from July 27, 2009, to September 21 this year as a service to banks that arrange CDSs.
Giancarlo explains funds will be used «to enhance economic cost benefit analysis capabilities; strengthen Commission examinations capabilities over
swaps clearing houses; and address the regulatory challenges related to
market innovation.»
Taking
clear design cues from the Samsung Galaxy S3 smartphone, think of the Note 2 as a kind of super-sized version of the flagship handset,
swapping straight lines for sleeker curves and a white paint job «inspired by «nature», so the
marketing blurb tells us.
In the event of a
market crash, it can call on
clearing members such as Citigroup and Goldman Sachs to pool their resources and fulfill
swap contracts.