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OECD debt offices call for derivatives collateral debate

New report calls for debt offices to weigh the pros and cons of two-way collateral and clearing

troubleahead

A new report from the Organisation for Economic Co-operation and Development (OECD) calls on debt offices to review their policy on the collateralisation and clearing of derivatives trades – a touchy subject that many sovereigns either dismiss entirely or refuse to discuss publicly, despite consistent pressure from dealers.

"I'm surprised by this report," says the head of one European bank's

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