FIA-Isda group runs rule over Sef credit check plans
The OTC market still does not know how to provide certainty that a trade will be cleared - but an FIA-Isda meeting in New York gave attendees a chance to look at what is on offer
One of the most vexing questions in over-the-counter clearing – how to be certain at the point of execution that the trade will be accepted by a clearing member – moved a step closer to an answer at a behind-closed-doors summit in New York on September 15 and 16. Dealers and buy-side attendees, including Barclays Capital, Deutsche Bank, Goldman Sachs, Pimco, BlackRock and Citadel had the chance to review the solutions being built at 13 different swap execution facilities (Sefs) and designated
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