Banks unyielding in contract talks on clearing

European buy-siders that leave clearing-contract talks too late could be told 'take it or leave it', lawyers warn

shu-47743153-man-hand-web

As mandatory clearing of over-the-counter derivatives approaches, European buy-side firms are locked in contract negotiations that threaten to drastically alter their relationship with bank clearing members. Lawyers warn that buy-siders that are late in the process of agreeing terms with clearing members could end up being forced to accept unfavourable terms.

This is despite the creation of standardised documentation for client clearing under an initiative led by the International Swaps and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: