novation
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P2.T6.24.29. CCP, Novation, and Central Clearing
Learning Objectives: Define a central counterparty (CCP) and describe the mechanics of central clearing. Explain the concept of novation under central clearing. Define netting, multilateral offset, and compression and provide examples of each. Describe the application and estimation of margin...- Nicole Seaman
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- central-clearing central-counterparties novation
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