Introduction to Clearing of Swaps and Security-Based Swaps Under Title VII of the Dodd-Frank Act
This article was first published in the Lexis Practice Advisor in March 2016.
This practice note (a) provides an introduction to the clearing requirements for swaps and security-based swaps in the United States, (b) explains how clearing works for those instruments, (c) describes the basic clearing documentation, and (d) discusses how collateral is protected in the clearing process.
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