Buy-side firms express concern about Clearing Addendum

04/21/2013 | International Financing Review (free content)

ISDA and the Futures Industry Association launched the Clearing Addendum in 2010 as a template to document relationships between clearing members and clients involved in over-the-counter swaps clearing. Some buy-side firms, however, are expressing concern about dealers' right to terminate client orders or to refuse to fill future orders without giving notice.

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