Trade body said members should be compensated by CCP in event of losses
The International Swaps
and Derivatives Association (Isda) has outlined a proposed
framework for central counterparty (CCP) recovery and
The trade association,
which represents the world's top banks, released its position
paper on CCP recovery and continuity on Monday, outlining a
framework for recovery and the tools that can be used to
re-establish a matched book.
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