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The CME Group and ISDA are debating via white papers the ways to cover the costs of a CCP member default – and to avoid a CCP failure.
Two new high-profile contributions to the debate over how to handle central counterparty (CCP) clearinghouse default risks reveal how far apart CCPs and their members remain on the issue of how much money each side should be responsible for, underscoring the fact that the debate is likely to remain open for some time. This week white paper were released...
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