For derivatives exchanges, the credit crisis - and specifically, the near-collapse of Bear Stearns in March - has created an opportunity. Counterparty credit risk is the topic du jour, and bourses in Europe and the US are falling over themselves to offer a solution.

The rush was triggered by the announcement earlier this year that a dozen major dealers, in partnership with the Chicago-based Clearing Corporation, were planning to launch a clearing service for over-the-counter credit default swap

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a 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