Initially, KDPW_CCP offers swap clearing denominated in the Polish zloty, but plans to offer other currencies by 2014. CCPs act as intermediaries in the trading of OTC instruments, guaranteeing the transaction in the case of one counterparty defaulting.
Under the European Market Infrastructure Regulation (EMIR), clearing houses are being instituted as a part of wider derivatives reform. The European Securities Markets Authority (ESMA) is charged with maintaining a list of instruments that are el
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails