Corporate risk manager of the year: Microsoft

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When US computer giant Microsoft decided at the end of 2010 to conduct a survey to benchmark its preparations for central clearing with other corporates and asset managers, it discovered an interesting fact – it was the only corporate it could find that actually had central clearing on its radar. Three years on, with the first clearing mandates in force in the US, it remains unusual. With many corporates availing themselves of a Dodd-Frank exemption for corporates that use derivatives t