In-depth introduction: Client clearing

Hope and fear are two feelings that, in theory, should have little to do with central clearing. It ought to be a predictable environment, with clear rules and predetermined outcomes – almost all of which, for a client, are reassuring rather than scary. But it depends which client you ask.

In the US, a $10 billion asset clearing threshold means 83 banks will all need to have access to a central counterparty if they want to keep trading over-the-counter derivatives after the category two clearing