Central counterparty clearing house: Difference between revisions

Central counterparty clearing house (view source)

No change in size , 24 September 2012

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 **'''US''': In the United States, the central clearing reforms are being implemented as part of the Dodd-Frank Act, with the [[Commodities Futures Trading Commission]] ({{tag|CFTC}}) and [[Securities and Exchange Commission]] ({{tag|SEC}}) in charge of rule making.
 **'''Europe''':In Europe this is part of the [[European Market Infrastructure Regulation]] ({{tag|EMIR}}) process led by the [[European Commission]].
-*'''Timing''': G20 Mandated that all standardised OTC derivative contracts be traded on exchanges or electronic trading
+*'''Timing''': G20 Mandated that all standardised OTC derivative contracts be traded on exchanges or electronic trading platforms, where appropriate, and cleared through central counterparties by the end of 2012. There have been delays in both rule making and implementation across G20 jurisdictions. many jurisdictions have not yet fully defined the nature of either the central clearing or the trading obligation — which products are in scope; which factors will be used to determine the scope.
-platforms, where appropriate, and cleared through central counterparties by the end of 2012. There have been delays in both rule making and implementation across G20 jurisdictions. many jurisdictions have not yet fully defined the nature of either the central clearing or the trading obligation — which products are in scope; which factors will be used to determine the scope.