Central Counterparties are Systemically Important Financial Institutions and it is Vital to Understand Their Mechanisms
By Precy Dumlao
Published May 31 2011 Opalesque
Central clearing of over-the-counter (OTC) derivatives can provide significant benefits to the stability of the financial system, according to the latest study from the International Swaps and Derivatives Association authored by Craig Pirrong, Professor of Finance at the Bauer College of Business at the University of Houston.
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