Exchange plans to list standardized OTC swaps

04/19/2013 | Risk.net (subscription required)

TrueEx Group is preparing to list standardized over-the-counter interest-rate swaps as the second phase of mandatory clearing in the U.S. comes into effect June 10. The exchange will use agreed-upon elements from a working group of members of ISDA and the Securities Industry and Financial Markets Association. The swaps will feature standard coupons and maturity dates.

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