DTCC-Euroclear Global Collateral Ltd, a joint venture (JV) of Euroclear and The Depository Trust & Clearing Corporation (DTCC), in cooperation with PricewaterhouseCoopers (PwC), have published the white paper, “Implications of Collateral Settlement Fails: An Industry Perspective on Bilateral OTC Derivatives.” The paper examines the market implications and costs of bilateral OTC derivatives collateral settlement fails. A collateral settlement fail occurs when cash or securities collateral is not delivered or received on the agreed date.
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