ICCH: The Independent Unified Clearing House
David Hardy
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David Hardy: London Clearing House
A chapter in ICCH Commodities Yearbook 1990, 1990, pp 9-13 from Palgrave Macmillan
Abstract:
Abstract ‘The Brady Commission’s recommendations are sound. In periods of rapid market fluctuations, millions — indeed billions — of dollars must move quickly, sometimes within minutes, to meet margin demands. A unified clearing system would facilitate that movement and greatly simplify the monitoring of market participants. The technology for a unified clearing house exists. In fact, the International Commodities Clearing House in London acts as a clearing house for exchanges located around the world.’1
Keywords: Risk Management; Implied Volatili; Open Contract; European Economic Community; Derivative Market (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11268-5_3
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DOI: 10.1007/978-1-349-11268-5_3
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