Securitisation market seeks SPV clearing carve-out
Securitisation would be "a lot less viable" if SPVs do not qualify for clearing exemption, says Isda
The cost of securitisations could increase if the special purpose vehicles (SPVs) used in most deals are not granted a clearing exemption for swaps they transact, according to the International Swaps and Derivatives Association. That could hamper attempts to revive the market – a step some regulators have argued would help stabilise the banking industry by providing an additional source of funds.
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