Central banks weigh use of OTC clearing houses

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Nearly 40% of central banks are considering clearing their over-the-counter derivatives at a central counterparty (CCP), despite being exempt from mandatory OTC clearing requirements in Europe and the US, according to a survey of the sector.

A total of 59 central banks took part in the survey, with 50 responding to a question on OTC clearing. Of those, 19 say they are considering using CCPs for instruments such as interest rate swaps. The survey is part of a new book, RBS Reserve Management

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