Push for machine-readable contracts poses problems

Rise of the machines

Raf Pritchard

In an ideal scenario, the over-the-counter derivatives market would run like a well-oiled machine. The majority of contracts would be traded and confirmed electronically, and be automatically farmed out to a central counterparty for clearing and settlement. Key transaction data would then be filed with repositories – giving global regulators a complete and readily available set of records that could be used to spot any increase in systemic risk. That’s the world envisaged by the Dodd-Frank Act

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: