Bilateral tax treaties normally require such exchanges only on request.

ECONOMIST: Tax havens

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.

FORBES: There Could Still Be Runs on Money Market Funds

Most of the problem that we got ourselves into would be solved by eliminating bilateral clearing, centrally clearing these instruments and then using exchanges or other mechanisms who are in the data distribution business already to report the transactions that are taking place.

FORBES: New York Portfolio Clearing Gets A Leader

Determined to further enhance our relationship, we discussed ways of maximizing the work of the U.S.- Portugal Bilateral Commission, which facilitates cooperation in areas as diverse as defense and security, education, science and technology exchanges, economic revitalization, law enforcement, and development in the Azores.

WHITEHOUSE: The White House