Clearing documentation - CCP: Difference between revisions

Clearing documentation - CCP (view source)

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 The Addendum also outlines how {{tag|OTC}} swaps transactions will be closed out, rules for attaining a valuation of trades that have been terminated and what events will trigger liquidation. The document contains tax laws related to cleared {{tag|OTC derivatives}} trades.
-"The Addendum is an important milestone that will enable customers in the U.S. to access central clearing of OTC derivatives transactions efficiently through the use of market standard documentation,” [[ISDA]] chief executive officer Robert Pickel said in the statement. "It represents the collaborative efforts of a broad cross-section of market participants and marks another step forward."
+"The Addendum is an important milestone that will enable customers in the U.S. to access central clearing of OTC derivatives transactions efficiently through the use of market standard documentation,” [[ISDA]] chief executive officer Robert Pickel said in the statement. “It represents the collaborative efforts of a broad cross-section of market participants and marks another step forward."
 [[Moody's]] Investors Service recently released a report predicting that the {{tag|OTC}} derivatives regulation pushing transactions of these securities into central clearing will increase demand for high-quality government bonds used for collateral in trades.