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September 7, 2013

Beat Amazon, 30% Off The Latest Book on Central Clearing for OTC Products | OTC Derivatives, Bilateral Trading and Central Clearing

David Murphy, the author behind the Deus Ex Macchiato blog and Independent Consultant, has written the latest book on central clearing, which gathers together straightforward explanations of the financial technology behind the regulatory imperative to move OTC derivatives into central clearing.

As a contributor to the book covering the practical mechanics of clearing and segregation, I am pleased to offer a better than Amazon 30% discount for readers of the site. To order a copy and receive this discount visit this special discount offer page which provides the discount code and URL for ordering direct from the publishers.

Key topics in the book include:

  • An explanation of the protection 'waterfall' for a typical central counterparty
  • A walkthrough of the methods for calculating capital and margin
  • A discussion of the capital rules for OTC derivatives counterparty credit risk in Basel III;
  • An account of OTC derivatives trade processing in both bilateral and cleared markets;
  • A detailed account of the risk profile of OTC derivatives CCPs;
  • An explanation of the risks run in various collateral segregation models; and
  • A comparison of various macro-prudential tools for enhancing the financial stability of OTC derivatives markets

Contents

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

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