Commentary: Client clearing documentation must be addressed

03/30/2012 | FOW magazine online

Andrew Sterry of Citi argues that the standardization of client clearing documentation must be addressed. Sterry writes that inconsistent approaches could hinder adoption of clearing of over-the-counter derivatives in Europe. "Without a viable industry standard document for use within Europe, a log-jam will occur which might not be effectively resolved in time for many buy-side market participants to have their transactions cleared in accordance with [European Market Infrastructure Regulation], Sterry writes.

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