Changing post-trading arrangements for OTC derivatives

Elisabeth Ledrut and Christian Upper

BIS Quarterly Review, 2007

Abstract: The post-trading infrastructure of OTC derivatives markets has not always kept up with the rapid growth in trading volumes. Recent years have seen some initiatives that seek to introduce multilateral elements that facilitate flows of information between market participants while preserving the decentralised nature of the transactions. While central counterparties lead to the highest degree of mutualisation, other services, such as central information depositories or multilateral terminations, could deliver similar benefits in terms of information management.

JEL-codes: G24 G29 G32 (search for similar items in EconPapers)
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