Margin models converge as CCPs battle for dealer support

3-little-pigs

The children's story of the three little pigs extols the virtues of hard work and a healthy aversion to risk: two pigs build rickety homes from straw and wood, and pay the price as their houses are blown in by a big, bad wolf. The third pig builds his house using bricks, which stands firm despite the wolf’s huffing and puffing.

It’s a fable to which derivatives dealers can probably relate: huge volumes of their capital and assets will be tied up at central counterparties (CCPs) after the bulk of

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net 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 Risk.net? View our subscription options

If you already have an account, please sign in here.

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: