Clearing Companies The Final Word Information For Day Merchants
Clearing and settlement involve dealing with counterparties, which may expose broker-dealers to counterparty threat. Counterparty danger refers again to the threat that a counterparty will default on its obligations, leading to monetary losses or operational disruptions for the broker-dealer. This threat could be mitigated by performing due diligence on counterparties, monitoring their creditworthiness, and implementing […]