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OTC derivatives : = bilateral trading and central clearing : an introduction to regulatory policy, market impact and systemic risk /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	OTC derivatives :/ David Murphy.
Reminder of title:	bilateral trading and central clearing : an introduction to regulatory policy, market impact and systemic risk /
Author:	Murphy, David
Description:	1 online resource (xi, 287 pages).
Subject:	Derivative securities. -
Online resource:	http://www.palgraveconnect.com/doifinder/10.1057/9781137293862
ISBN:	9781137293862 (electronic bk.)

OTC derivatives : = bilateral trading and central clearing : an introduction to regulatory policy, market impact and systemic risk /
Murphy, David

OTC derivatives :bilateral trading and central clearing : an introduction to regulatory policy, market impact and systemic risk /David Murphy. - 1 online resource (xi, 287 pages). - Global financial markets series. - Global financial markets (Houndmills, Basingstoke, England).

Includes bibliographical references and index.

PART I: UNDERSTANDING BILATERAL RELATIONSHIPS -- 1.Over-the-Counter Derivatives and Repurchase Agreements -- 2.Bilateral Relationships -- 3.Risks in Bilateral Relationships -- 4.Bilateral Relationships in the Crisis -- PART II -- 5.The New Model -- 6.Relationships in a Trilateral World -- 7.Risks -- 8.Design Choices and Financial Stability -- 9.The Future.

The OTC derivatives market has been hit by a massive wave of regulatory change. Capital and margin requirements have increased, trade reporting has been mandated, and execution mechanisms are evolving. Most of all, central clearing is being imposed for many transactions. OTC Derivatives: Bilateral Trading and Central Clearing explains the new rules and the new models. It discusses the traditional bilateral market, then sets out how this will change due to mandatory central clearing and the new ways in which OTC derivatives will have to be traded, reported, and processed. The risks of OTC derivatives clearing houses are discussed in detail, as are the protections that CCPs have against these risks. The book also looks at alternatives to some of the policy decisions that have been made, showing the balance between costs and benefits of various different approaches to derivatives market stability. The book is both a detailed primer on OTC derivatives clearing and a powerful insight into post-crisis financial regulation.

ISBN: 9781137293862 (electronic bk.)

Source: 649666Palgrave Macmillanhttp://www.palgraveconnect.comSubjects--Topical Terms:

557717
Derivative securities.
Index Terms--Genre/Form:

554714
Electronic books.

LC Class. No.: HG6024.A3 / M865 2013

Dewey Class. No.: 332.64/57

OTC derivatives : = bilateral trading and central clearing : an introduction to regulatory policy, market impact and systemic risk /
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020 $a 1137293861 (electronic bk.)
035 $a (OCoLC)859338664
035 $a ocn859338664
037 $a 649666 $b Palgrave Macmillan $n http://www.palgraveconnect.com
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050 4 $a HG6024.A3 $b M865 2013
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082 0 4 $a 332.64/57 $2 23
100 1 $a Murphy, David $q (David S. J.), $e author. $3 942208
245 1 0 $a OTC derivatives : $b bilateral trading and central clearing : an introduction to regulatory policy, market impact and systemic risk / $c David Murphy.
264 1 $a Houndmills, Basingstoke, Hampshire : $b Palgrave Macmillan, $c 2013.
300 $a 1 online resource (xi, 287 pages).
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
490 1 $a Global financial markets series
504 $a Includes bibliographical references and index.
505 0 $a PART I: UNDERSTANDING BILATERAL RELATIONSHIPS -- 1.Over-the-Counter Derivatives and Repurchase Agreements -- 2.Bilateral Relationships -- 3.Risks in Bilateral Relationships -- 4.Bilateral Relationships in the Crisis -- PART II -- 5.The New Model -- 6.Relationships in a Trilateral World -- 7.Risks -- 8.Design Choices and Financial Stability -- 9.The Future.
520 $a The OTC derivatives market has been hit by a massive wave of regulatory change. Capital and margin requirements have increased, trade reporting has been mandated, and execution mechanisms are evolving. Most of all, central clearing is being imposed for many transactions. OTC Derivatives: Bilateral Trading and Central Clearing explains the new rules and the new models. It discusses the traditional bilateral market, then sets out how this will change due to mandatory central clearing and the new ways in which OTC derivatives will have to be traded, reported, and processed. The risks of OTC derivatives clearing houses are discussed in detail, as are the protections that CCPs have against these risks. The book also looks at alternatives to some of the policy decisions that have been made, showing the balance between costs and benefits of various different approaches to derivatives market stability. The book is both a detailed primer on OTC derivatives clearing and a powerful insight into post-crisis financial regulation.
588 $a Description based on print version record.
650 0 $a Derivative securities. $3 557717
650 0 $a Over-the-counter markets. $3 942210
650 7 $a BUSINESS & ECONOMICS / Finance $2 bisacsh $3 834790
655 4 $a Electronic books. $2 local $3 554714
830 0 $a Global financial markets (Houndmills, Basingstoke, England) $3 942209
856 4 0 $3 Palgrave Connect $u http://www.palgraveconnect.com/doifinder/10.1057/9781137293862
994 $a C0 $b TEF