Central Banking

New developments in clearing and settlement

The Committee on Payment and Settlement Systems (CPSS) issued a report on New developments in clearing and settlement arrangements for OTC derivatives on 16 March.

The report analyses existing arrangements and risk management practices in the broader OTC derivatives market and evaluates the potential for risks to be mitigated by greater use of, and enhancements to, market infrastructure.

The report focuses on the risks created by delays in documenting and confirming transactions; the implications

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