NYSE Euronext and CME Group, which runs the biggest futures exchange, are among those working on plans to offer over-the-counter clearing for credit derivatives.
When crisis began, the frangibility of bank endangered the normal operation of the payment and clearing system, which resulted in credit and confidence collapse.
危机发生后,银行脆弱性直接危害了整个支付与清算系统正常运转,造成连锁反应式的信用恐慌与崩溃。
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Another goal is to move towards reducing counterparty credit risk by clearing deals though a central counterparty-the sort of job DTCC does in American cash markets.