Corporate risk manager of the year: Microsoft
The first US clearing mandates came into force last year in three separate phases. While most corporates looked to take advantage of the corporate hedging exemption, Microsoft decided right from the start to voluntarily clear everything
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
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