Exchange & Clearing House
This mainland European exchange and clearing house sought strategic input from Guildhall regarding the business model and legal structure for its proposed clearing facility for interest rate swaps.
Guildhall worked with the chief executive and divisional managers to produce a design suitable for the specific requirements of the local market and its regulators.
The business model
coverage extended to issues such as default management and loss allocation.
It was supported by a computer model using historic simulation techniques to illustrate the benefits of multilateral netting.