3 ms·
I’d note too the issue the BIS has is with the amount of notional in off clearing house deals. I would expect long dates swaps would benefit from standardizatio
by fnordpiglet 4y ago
I’d note too the issue the BIS has is with the amount of notional in off clearing house deals. I would expect long dates swaps would benefit from standardization and clearing, but that it’s too expensive and tedious to do cleared deals on short dated instruments. Does that map with your intuition?
- kasey_junk 4y agoSounds right, but i have so little experience with long dated swaps that I'm hesitant to say. Even a ~year long swap feels very strange to me as someone coming from the much more short dated world. Thats actually my biggest gripe about the report, they are treating the whole market as monolithic when its anything but.