You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
This is a serious risk in OTC markets, because there’s no one to guarantee payment if a trader blows up. Mark Baum (played by Steve Carrell) faces this problem later in the movie – the risk that Morgan Stanley can’t pay when the market crashes and his swaps balloon in value:pic.twitter.com/nGxmG6dUOl
This is where a clearinghouse comes in. The clearinghouse puts systems in place (like position margin, trade reporting and guarantee funds) to eliminate default risk. If you send your trade through a clearinghouse, you’re effectively guaranteed payment when the trade goes thru.pic.twitter.com/IzE6lNFcdH
Why does this matter? Clearinghouses help lower costs and improve trust in the system. These lower costs show up in the products we consume – companies can hedge the prices of commodities, interest rates and even stocks more efficiently with the help of clearinghouses.pic.twitter.com/xMEG0PgsrD
Some real world clearinghouses in operation today: OCC – options DTCC – equities LCH – various CME Clearing - futures Eurex Clearing – various ICE Clear US & Europe – futures ICE Clear Credit – credit default swaps Give them a high five!pic.twitter.com/IrfrcdWgUX
Thank you for reading – hopefully this thread taught you something. Be like Ben Rickert and mask up!pic.twitter.com/lYPf6nAXtl
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
