Buy-side targets capital efficiency, says UBS
Capital requirements are the most important consideration of buy-side market participants when choosing a central counterparty (CCP) for over-the-counter derivatives, according to research published by UBS equity analysts on October 27.
Participants were asked which factors were most important in selecting a CCP. In response, 47% of respondents said capital requirements, with 19% looking for a history of successful clearing operations and 17% citing a deep guarantee fund.
Ray Kahn, head of OTC
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