The sheer volume of CDS contracts outstanding — and the fact that they trade directly between institutions, without centralized clearing — intertwined the fates of many large Banks and brokerages.

大量的信用违约互换合同——还有他们在机构之间直接交易，没有集中清算的事实——将许多大银行和经纪公司的命运纠缠在一起。

youdao

Many derivatives contracts will be brought into the light by being put through clearing houses and exchanges.

通过票据交换所和结算所让金融衍生工具合约更加透明。

youdao

Lawmakers are mulling a proposal to mandate central clearing of all standardized derivative contracts.

国会议员们正在考虑一项建议，拟强制要求所有标准化的衍生品合约都需进行中央结算。

youdao

There is still further to go in the structural reorganization of the danger from derivatives, but he believes clearing derivatives contracts on exchanges and the decline in bilateral transactions has reduced an element of risk.

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Geithner noted that derivatives trading firms were meeting to work out comprehensive infrastructure reforms for that market, including a central clearing house, reducing outstanding contracts, and regulatory changes including higher margin and collateral requirements.

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Why are many derivative market participants still objecting to exchange clearing of the remaining OTC derivative contracts?

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