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The board of ICE Clear Europe has unveiled clearing fees and rates of return on cash and collateral, in preparation for its launch on July 21.For oil...
“A lot of banks have spent a lot of money calculating the cheapest way to collateralise their positions, and they’ve hired some very bright mathematicians to do it. Why would they gamble all of that by using the cheapest clearing house?”
Senior rates players believe fears of a race to the bottom among clearing houses has been overstated.