Harbouring doubts on close-out netting


Close-out netting is a process market participants hope never to undertake. Nevertheless, it is a mainstay of the derivatives market – and one the industry is increasingly being forced to defend against academic and congressional attack. At the end of April, an amendment to the Senate financial reform bill proposed scrapping the safe harbours for derivatives completely – a move industry participants say would be disastrous for the market.

Close-out netting means that if a derivatives user goes

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: