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Central Counterparties for Over-the-Counter Derivatives
Journal article

Central Counterparties for Over-the-Counter Derivatives

Stephen G Cecchetti, Jacob Gyntelberg and Marc Hollanders
BIS Quarterly Review, pp.45-58
09/01/2009

Abstract

Contingent Pricing, Futures Pricing, option pricing (G13) Derivatives Europe Northern America U.S
Wider use of central counterparties (CCPs) for over-the-counter derivatives has the potential to improve market resilience by lowering counterparty risk and increasing transparency. However, CCPs alone are not sufficient to ensure the resilience and efficiency of derivatives markets.

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