CME-FICC cross-netting terms fuel clashes
Hedge funds worried by CCP powers to suspend arrangement; clearing members say it’s standard practice
Hedge funds are wary of powers that would allow two US clearing houses to suspend their cross-margin arrangement, but their concerns are unlikely to be given a sympathetic hearing by existing clearing members.
“Cross-margining is crucial for the transition into central clearing from the buy-side perspective – it allows for more efficient and more effective risk management,” says Daniel Austin, head
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