For bankers, the ability to create specialised products for their clients, sold over-the-counter (OTC) like a tailored suit, is not only a fabulous source of fees.
对银行家来说，能够为其客户创造专门的产品，像定做服装那样进行柜台交易，获得的好处不仅仅是可观的费用。
Consumers spend billions of dollars each year on OTC cough and cold medications despite little evidence that these drugs provide significant relief.
消费者每年要花数十亿美元在非处方咳嗽药和感冒药上，尽管药物对于症状的缓解收效甚微。
OTC traders like to deal directly with each other, and their products are often too specialised to fit on an exchange.
场外交易者们愿意互相直接交易，他们的产品经常因为过于特别而无法适用于普通证券交易。
Do we need to focus on prescribing and instituting appropriate clearing and settlement practices even for OTC products?
甚至对于柜台交易产品我们也需要着重加强清算与结算规程的建立制定吗？
Whether cleared OTC derivatives should be traded on an exchange is the other big debating point.
清算过的场外衍生物是否能在交易所进行交易是另外一个争论点。
JPMorgan Chase has said that fully one-third of its investment-banking profits came from OTC derivatives in 2006-2008.
摩根大通曾表示：在2006 - 2008年，投资银行利润的三分之一来自于场外衍生工具的交易。
Forward contracts are agreements negotiated directly between two parties in the OTC markets.
远期合约是双方在场外交易市场直接谈判达成的协议。
Most are unlisted on a major exchange, typically trading on the OTC Bulletin Board, where brokerage costs can be high.
绝大多数未在主要交易所上市，通常在经纪人成本很高的场外交易公告牌市场 进行交易。
If the benefits of CCPs in OTC markets are so overwhelming, why did they not emerge on their own?
如果场外交易的集中交易对手的收益真的如此巨大，那么它们为什么没有早点自己冒出来呢？
The first is the role OTC credit derivatives played in amplifying the financial crisis.
第一个就是在金融危机中场外信贷衍生品扮演的助推力角色。
The scope for netting across all types of derivatives is reduced when CCPs are created to clear only one type of product; that could leave OTC traders with greater overall exposures than before.
为清算某一种衍生品而使用集中交易对手会使得原本包含所有衍生品的净额清算范围缩小。这会导致场外交易者比以往更容易暴露在风险下。
Already, though, the distinction between OTC and exchange trading is blurring.
事实上OTC交易和交易所交易的界限已经模糊了。
Color seems to be integral component of an OTC product, the team says.
研究团队称：颜色似乎是OTC药物不可或缺的元素。
As OTC volumes have slumped, efforts to make the markets more "exchange-like" have increased.
OTC交易量在下滑，同时市场更多地向交易所交易模式靠拢。
Many of those end-users, which collectively hold 10-15% of OTC derivatives outstanding, also want exemptions from clearing.
这些最终用户中的很多人共同持有10-15％的场外衍生工具的未付账款，他们也想从结算中豁免。
Now, researchers at the University of Bombay, New Mumbai, India, have surveyed users of over-the-counter (OTC) medication to find out just how much the color of a tablet influences patient choice.
印度孟买大学的研究人员针对非处方药(otc)用户进行研究，试图发现药片颜色对患者的选择究竟有多大的影响。
Interest rate forward: (forward rate agreement FRA) : the forward rate agreement is the most basic of the OTC interest rate contract.
—利率远期(利率远期协议FRA)：远期利率协议是场外交易利率合约中最基本的合约。
Armed with their brooms and pinnies, the regulators clearly can help to tidy up the OTC market. There is no need to sweep it out of existence.
管理层手握拖把和抹布，完全可以将场外交易市场收拾干净，根本没有必要将它扫地出门了事。
Trading through clearing houses will break the "too interconnected to fail" paradigm, reduce the systemic risk inherent in the bilateral OTC marketplace and provide transparency.
通过清算行进行交易，将打破“相互关系过于紧密，以至于不能破产”的模式，同时降低双边场外市场所固有的系统性风险，并提供透明度。
All "standardised" OTC derivatives would be cleared and traded on an exchange, and even large industrial firms would incur stricter margining and capital charges on their trades.
所有“标准化”的场外衍生品都将被清算，然后在交易所进行交易。而且那些大型工业企业在交易时，利差和资本支出都会受到更加严格的监管。
Are exchange traded derivatives superior to over the counter (OTC) derivatives?
交易所指数衍生工具优于柜台交易衍生工具吗？
CCPs are the norm in exchange-based markets but they have been scarce among surging over-the-counter (OTC) derivatives, notably the gigantic market for credit-default swaps (see chart).
集中交易对手在交易市场中很常见，但在热度高涨的衍生品场外交易市场中却十分罕有，尤其是在信用违约掉期的巨大市场中更是如此(见表)。
Meanwhile, the exchanges are making forays into the OTC area.
同时，交易所也在试图打入OTC市场。
Today, regulators are putting in place the tools to comprehensively regulate the OTC derivatives market for the first time.
今天，监管者第一次有了全面监管场外衍生产品市场的工具。
In 2000 Congress formally exempted OTC derivatives from the CFTC's oversight, leaving the agency a bystander as credit derivatives exploded in popularity.
2000年国会正式取消了CFTC对于场外衍生品交易的监管权，让这个机构在信贷衍生品风靡的时代只充当了个旁观者角色。
In 2000 Congress formally exempted OTC derivatives from the CFTC's oversight, leaving the agency a bystander as credit derivatives exploded in popularity.
2000年国会正式取消了CFTC对于场外衍生品交易的监管权，让这个机构在信贷衍生品风靡的时代只充当了个旁观者角色。
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