Risk’s OTC clearing survey

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The second phase of mandatory clearing under the Dodd-Frank Act in the US is just around the corner. From June 10, a large number of commodity pools, private funds other than active funds and entities primarily engaged in banking business will be required to clear certain interest rate and credit derivatives products through central counterparties. The first wave captured swap dealers, major swap participants and so-called active funds. That appeared to go relatively smoothly, but it only cov