Sizeable portion of banks not planning to become clearing members
A significant proportion of banks are not planning to become members of central counterparties (CCPs), paving the way for fierce competition among the client clearing platforms being rolled out by major dealers.
In the 2010 Risk interdealer survey, 59% of respondents said they were currently not clearing members at any CCP, and 77% of those non-clearing members indicated they did not intend to sign up to a CCP in the future. It seems likely a turf war will emerge among major dealers for this
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