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Settlement of OTC Derivatives

An explanation of what settlement is set out in this guidance note. See Settlement of OTC derivatives.

See What is settlement?

The Global Financial Crisis of 2007 has brought significant reform in relation to the clearing and settlement of OTC derivative contracts. Some of the reforms brought about in the European market are considered in this guidance note.

See Reform of clearing and settlement requirements for OTC derivative contracts.

Not all OTC derivatives are cleared and settled through clearing houses and a significant number are still transacted on a bi-lateral basis and settled under the terms of the ISDA Master Agreement.

See Settlement of uncleared OTC derivative contracts.