Besides handling large volumes of trades for clients via the opaque over-the-counter commodity-swaps markets, they are also large commodity traders in their own right.
除了通过透明度不高的场外大宗商品掉期市场为客户处理大笔交易之外，银行本身也是大型大宗商品交易商。
2
Moreover, they will enjoy some capital relief as more contracts are cleared centrally, freeing some of the buffer needed to back over-the-countertrades.
此外，由于更多的合约集中清算他们还能享有一些资本释放，释放那些场外交易的缓冲资本。
3
The stiffest competition for these exchanges comes from over-the-counter markets, which handle bespoke bilateral trades, often between banks.