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OTC: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "Over the counter. As opposed to on exchange, or {{fcaprov|regulated market}}, or {{fcaprov|MTF}}. {{cobsanatomy}}") |
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Over the counter. As opposed to on exchange, or {{fcaprov|regulated market}}, or {{fcaprov|MTF}}. | {{g}}'''[[Over-the-counter]]'''. As opposed to on {{tag|exchange}}, or {{fcaprov|regulated market}}, or {{fcaprov|MTF}}. It’s a quaint old notion that you could pop into your local branch of your investment bank and acquire a derivative contract from a teller, but there it is. | ||
“OTC” really means a private, bilateral contract, on bespoke terms, in contrast to one that is standardised, public and traded on exchange. | |||
===Examples of OTC contracts=== | |||
*[[Swap]]s traded under an {{isdama}} (as long as they are not [[cleared derivatives]]) | |||
*{{tag|Securities lending}} and {{tag|repo}} transactions | |||
{{sa}} | |||
*[[EMIR]] - which has been a right royal pain in the posterior to those legions of ISDA negotiators who quite liked the status quo - but which addresses such topics as | |||
*[[Central counterparty clearing]] of [[OTC derivatives]] (so called “'''[[OTC to CCP]]'''”) | |||
*Compulsory margining of [[OTC derivatives]] that aren’t centrally cleared | |||
*[[Portfolio reconciliation]] and [[dispute resolution]] of [[OTC derivatives]] | |||
{{cobsanatomy}} | {{cobsanatomy}} | ||