Fannie Mae which has some $3T in Interest Rate Swap exposure announced that they will start to use centralizes counter parties to clear their swap positions. This is roughly 20% of the total gross IRS market.
http://blogs.reuters.com/financial-regulatory-forum/2010/03/12/fannie-freddie-to-clear-interest-rate-swaps/
This is on the backs of Gary Gensler views that all OTC Derivative be cleared by centralized counter parties on exchanges.
http://tradersutra.blogspot.com/2010/03/gensler-on-cds-and-regulation.html
Further to the point of all that finger pointing coming out of Europe about banning CDS and the such, we are starting to get more transparency in these markets.
Its nice to see the government put their money where their mouth is.
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