Lehman CDS Net Settlement Only $6B: What Does It Mean? [View article]
2 dealers, 3 dealers, it matters, but not the way you may think. They use a multi-lateral netting process.
The settlement system, via the CLS Bank that is used, is very much developed. It is used for the settlement of F/X, where the notional values soar as high as any in the history of the world ...
-
2 dealers, 3 dealers, it matters, but not the way you may think. They use a multi-lateral netting process.
Oct 13 22:22 pm
|Rating:
0
0
All Comments by Amicus »Lehman CDS Net Settlement Only $6B: What Does It Mean? [View article]
The settlement system, via the CLS Bank that is used, is very much developed. It is used for the settlement of F/X, where the notional values soar as high as any in the history of the world ...
I found this primer to share:
www.bis.org/publ/qtrpd...