Clearing-execution agreement remains in limbo

With a June 10 deadline looming for many buy-side firms to begin clearing over-the-counter swaps, some industry members want to revisit the framework for dealing with faulty executions. Although an agreement was thought to be in place and supported by FIA and the International Swaps and Derivatives Association, some buy-side firms are raising concerns about some provisions relating to breakage fees and are working to reopen negotiations.

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