The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 creates a comprehensive framework for regulating derivatives markets, principally what has been an over-the-counter market for complex products such as credit default swaps. The framework is covered in Title VII of the legislation.
Most of these OTC contracts now will be traded in regulated exchanges or similar facilities.
What terms will you need to get familiar with as clearing of what can be considered exchange-traded swaps starts up?
Tom Steinert-Threlkeld writes for