In the U.S., 15 Wall Street Banks have pledged to do more than 90% of their eligible credit and interest-rate derivative trades through central clearinghouses by year end.
Adopts standards for the security of electronically based health information, to be implemented by health plans, health care clearinghouses, and certain health care providers.
The Federal Reserve Banks lend money to member banks for the cash reserves they are required to hold, issue paper money, act as check clearinghouses and provide other services.
As politicians push the trading of over-the-counter (OTC) derivatives onto clearinghouses and exchanges, it has a chance to get bigger still.
It will be hard for the dealers to keep their market share if everybody who can prove their creditworthiness is allowed into the clearinghouses.
But three of the four main clearinghouses told the bank that its derivatives operation has too little capital, and thus potentially poses too much risk to the overall market.
The act requires traders to post collateral and process most derivatives through clearinghouses.
But about 10 different clearinghouses are vying for the business.
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