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 execution. Although an agreement was thought to be in place and supported by ISDA and the Futures Industry Association, some buy-side firms are expressing concerns about provisions related to breakage fees and are working to reopen negotiations.

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