to publicly express their disapproval by sentencing the alleged opaqueness and complexity of derivative products, while …

derivative traders and LIBOR submitters described in the CFTC and FSA documents. Also, we provide statistical evidence of LIBOR …

pace in recent years to become an increasingly important part of world securities markets. Although these instruments offer … accelerating pace of innovation in new types of derivative instruments, has sparked debate over the risks posed by the growth of … trading in derivative instruments and the appropriate scope of regulation of the over-the-counter market …

implementation. We selected interest rate swaps (IRS) as the test-case derivative for implementation in the form of a smart contract … with a characteristic LIBOR Simulated Yield Curve pointed to an increasingly negative swap spread for longer maturities … that was demonstrated with a plotted Swap Spread. The parameters of the model were derived from live market data through …