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Committee on Payment and Settlement Systems

Committee on Payment and Settlement Systems New developments in clearing and Settlement arrangements for OTC. derivatives March 2007. Copies of publications are available from: Bank for International Settlements Press & Communications CH-4002 Basel, Switzerland E-mail: Fax: +41 61 280 9100 and +41 61 280 8100. This publication is available on the BIS website ( ). Bank for International Settlements 2007. All rights reserved. Brief excerpts may be reproduced or translated provided the source is cited. ISBN 92-9131-738-1 (print). ISBN 92-9197-738-1 (online). Foreword Since the publication by the BIS in 1998 of a report on OTC derivatives : Settlement procedures and counterparty risk management, the markets for OTC derivatives have continued to expand and develop rapidly, while risk management practices have evolved and significant changes in market infrastructures have occurred.

Committee on Payment and Settlement Systems New developments in clearing and settlement arrangements for OTC derivatives March 2007

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