Many in the energy sector have tipped over-the-counter clearing as a potentialsolution to the industry’s credit problems. Until now, energy exchangeshave led the way in offering such services, but an initiative from global firmPA Consulting aims to give companies an off-exchange netting option.
Peter Stockman, a member of the financial services practice at PA Consultingin New York, says: “The good news for those concerned about counterpartycredit risk is that OTC clearing is taking off.”
To continue reading...
Start a Risk.net Trial
Register for a Risk.net Business trial to access this article. Sign up today and get access to: