see link: JP estimates OTC Clearing and Collateral Management revenue Though little other detail is presented it is interesting at least that banks are starting to publicly estimate the revenue impact of from these emerging business lines: – Page 37: estimated $300-500m revenue gain from OTC Clearing and Collateral Management "direct and ancillary revenue".  It is not spelled out what "ancillary" revenue refers to. – Page 27: estimated $1-2bn revenue loss from market structure regulations (excluding Volcker). Jon S.