European Commission announces start of CDS clearing through EU central counterparties | Practical Law

European Commission announces start of CDS clearing through EU central counterparties | Practical Law

On 31 July 2009, the European Commission published a press release announcing that credit default swaps relating to European entities, and indices based on these entities, will start clearing through central counterparties regulated in Europe from 31 July 2009.

European Commission announces start of CDS clearing through EU central counterparties

Practical Law UK Legal Update 1-386-8733 (Approx. 3 pages)

European Commission announces start of CDS clearing through EU central counterparties

by PLC Financial Services
Published on 31 Jul 2009 • European Union
On 31 July 2009, the European Commission published a press release announcing that credit default swaps relating to European entities, and indices based on these entities, will start clearing through central counterparties regulated in Europe from 31 July 2009.