OTC Derivatives Clearing Summit: Nearly a third of uncleared CDS are clearing-eligible

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Almost a third of non-cleared North American single-name credit default swaps (CDSs) could be cleared by central counterparties (CCPs) today, according to new analysis conducted by the Securities and Exchange Commission (SEC).

Speaking at Risk's OTC Derivatives Clearing Summit in New York, Adam Glass, chief counsel in the division of risk, strategy and financial innovation at the SEC, revealed that while $4.8 trillion in North American single-name CDSs were not being cleared as of June 30, 2012

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