{"id":165776,"date":"2022-05-06T15:48:17","date_gmt":"2022-05-06T15:48:17","guid":{"rendered":"https:\/\/theotcspace.com\/knowledge_item\/novation\/"},"modified":"2022-05-06T15:48:20","modified_gmt":"2022-05-06T15:48:20","slug":"novation","status":"publish","type":"knowledge_item","link":"https:\/\/theotcspace.com\/knowledge_item\/novation\/","title":{"rendered":"Novation"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"<p>The act of replacing one participating member of a contract with another. For example, in clearing the original bilateral trade is novated to two separate trades where each counterparty now faces the central counterparty (CCP) as opposed to facing each other, as was the case in the original trade.<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false},"knowledge_category":[4256],"acf":[],"_links":{"self":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_item\/165776"}],"collection":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_item"}],"about":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/types\/knowledge_item"}],"wp:attachment":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/media?parent=165776"}],"wp:term":[{"taxonomy":"knowledge_category","embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_category?post=165776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}