Isda AGM: CCPs fear clearing stampede
Market participants now have months, rather than years, until the Dodd-Frank clearing mandate takes effect - and CCPs are worrying about a last-minute rush
A scramble, a log-jam, a rush to the door – all terms used by panellists at the International Swaps and Derivatives Association's annual general meeting (AGM) to describe what could happen when the deadline to clear over-the-counter derivatives trades finally looms into view. Some market participants could be required to comply as early as November 8, and while a handful of early adopters are up to speed, the bulk of firms are not.
"For the vast majority of what you would call buy-side
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