Download or read book OTC Derivatives: Bilateral Trading and Central Clearing written by David Murphy and published by Palgrave Macmillan. This book was released on 2013-01-01 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the credit crisis, supervisors enacted a range of financial reforms. In particular, they radically changed the nature of the OTC derivatives market via a number of measures, notably mandatory central clearing. This book discusses the market before the crisis, explains what central clearing is, and outlines the consequences of the new rules.