Critics voice concerns about CCP credit-checking services

08/12/2013 | Risk.net (subscription required)

Markit Group and Traiana have launched rival credit-checking services and are signing up banks and trading platforms. Critics say credit checks by central counterparties could make the hubs, as the services have been dubbed, redundant. Some are also concerned that the over-the-counter derivatives industry has yet to figure out how to provide certainty that a swap will be accepted for clearing when it is executed.

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