Exchanges, OTC Derivatives, DPCs, and SPVs (FRM Part 1 2023 - Book 3 - Chapter 5)

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After completing this reading, you should be able to:
- Describe how exchanges can be used to alleviate counterparty risk.
- Explain the developments in clearing that reduce risk.
- Compare exchange-traded and OTC markets and describe their uses.
- Identify the classes of derivative securities and explain the risk associated with them.
- Identify risks associated with OTC markets and explain how these risks can be mitigated.

Опубликовано:

29 июл 2024

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Комментарии : 4

@mohamedbengana3344 3 года назад

Thank you for sharing such beneficial knowledge and insights

@analystprep 3 года назад

So nice of you!

@DearEll 2 года назад

tq for the lecture!!

@ashishsinha9035 4 года назад

Mind blowing. Thanks for explaining Direct Clearing, Ring Clearing and Complete Clearing. And for letting us know the etymology of the term 'OTC.' On the niggling flipsides in the graph on Complete Clearing CCP has been typed as CPP, in the slide on Counterparty Risk Mitigation in OTC Markets 'spark' has been misspelt as 'park' and 'Credit Derivatives Product Company' has been mentioned as 'Credit Product Derivatives Company' and have been abbreviated as 'CDPCs'. Also, to the best of my limited knowledge AIG was not a Monoline Insurer; MBIA, Ambac, FSA, FGIC, SCA, Assured Guarantee, Radian Asset Assurance, ACA Financial Guarantee Corporation and CIFG were. Please correct me, if I am wrong.