Buy-side derivatives users are mulling becoming direct members of Eurex Clearing under a new agency model developed by the central counterparty (CCP) - but regulators are wary of the risks posed by introducing less regulated entities into the clearing house. The German CCP is developing a framework to allow buy-side entities, in particular pension funds, supranationals and large asset managers, to clear their trades directly with a clearing house, instead of via a bank clearing member. The Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe You are currently unable to print this content. Please contact [email protected] to find out more. You are currently unable to copy this content. Please contact [email protected] to find out more.
Global Clearing is working on a clearing system that will allow buy - side members to clear directly , without bank reporting requirements . Their plans have caused some concern with European banks over risk from lower - rated members .