Credit derivatives: an overview [PDF]
Arising from financial institutions' need to hedge and diversify credit risk, credit derivatives have now become a major investment tool. Almost all credit derivatives take the form of the credit default swap, which transfers default risk from one party ...
David Mengle
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Derivatives clearing and settlement: a comparison of central counterparties and alternative structures [PDF]
Most exchange-traded and some over-the-counter (OTC) derivatives are cleared and settled through clearinghouses that function as central counterparties (CCPs). Most OTC derivatives are settled bilaterally.
Robert Steigerwald, Robert R. Bliss
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OTC-derivatives - EMIR's influence on the OTC-derivativesmarket [PDF]
, 2015 The objective of this thesis is to derive an understanding of the Act which is EMIR, and how it influences the OTC-derivative market. The goal is to address, if the regulative means of EMIR creates a change in the financial sector in Europe, and ...
Mark, Claes +2 more
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Policy perspectives on OTC derivatives market infrastructure
In the wake of the recent financial crisis, over-the-counter (OTC) derivatives have been blamed for increasing systemic risk. Although OTC derivatives were not a central cause of the crisis, the complexity and limited transparency of the market ...
Theo Lubke, Ada Li, Darrell Duffie
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Options, Futures, and Other Derivatives in Russia: An Overview [PDF]
This work provides a descriptive overview of Russian markets for financial derivatives. Available figures for the exchange-traded and over-the-counter-traded derivatives in Russia show that the Russian derivatives markets experienced enormous growth ...
Rotfuß, Waldemar
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Prospects and challenges of a Pan-European post-trade infrastructure. ECMI Policy Brief No. 20, 8 November 2012 [PDF]
, 2012 After more than a decade of indecision, the EU is finally now set to implement a consistent regulatory architecture for clearing and settlement. Following the agreement on a European market infrastructure Regulation (EMIR), the European Commission has ...
Valiante, Diego., Lannoo, Karel.
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Food, Financial Crises, and Complex Derivatives: A Tale of High Stakes Innovation and Diversification [PDF]
The 2008 food price crisis was an integral part of the financial crisis. In fact, the food price crisis was the second crisis in a chain of events that began in 2007 with the mortgage crisis, and culminated in the worst financial crisis since the Great ...
Songwe, Vera
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Hungarian sovereign credit risk premium in international comparison during the financial crisis [PDF]
As the CDS market has been the primary market for the price discovery of Hungarian sovereign credit risk in recent years, we can gain the most reliable information about Hungarian sovereign credit risk premia by analysing the price of Hungarian CDS ...
Lóránt Varga
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OTC derivatives market regulation and commodity derivatives
, 2016 In the wake of the fi nancial turmoil, over-the-counter (OTC) derivatives have become the focus of attention. Indeed, the market size is gargantuan with a notional volume of USD 630 trillion, and it dwarfs the exchangetraded derivatives that have a notional volume of only USD 65 trillion.
openaire +1 more source
Collateral, Netting and Systemic Risk in the OTC Derivatives Market
IMF Working Papers, 2010 To mitigate systemic risk, some regulators have advocated the greater use of centralized counterparties (CCPs) to clear Over-The-Counter (OTC) derivatives trades. Regulators should be cognizant that large banks active in the OTC derivatives market do not hold collateral against all the positions in their trading book and the paper proves an estimate of
openaire +2 more sources