looking at counterparty relations within both direct (house) clearing and client clearing. Since the majority of the gross … notional is transferred within central counterparties and their clearing members, client clearing is often neglected in the … literature, despite its significance in terms of net exposures. We find that the client clearing structure is very strongly …

looking at counterparty relations within both direct (house) clearing and client clearing. Since the majority of the gross … notional is transferred within central counterparties and their clearing members, client clearing is often neglected in the … literature, despite its significance in terms of net exposures. We find that the client clearing structure is very strongly …

arrangements with larger dealer firms – so-called ‘client clearing’ arrangements. While non-dealers have long used such … and policymakers to examine more closely these arrangements. Aspects of the design of client clearing arrangements, such …

-specialized types, and client clearing. Among other results, we show that system-wide collateral demand is increased significantly by …

-specialized types, and client clearing. Among other results, we show that system-wide collateral demand is increased significantly by …