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Standard CSA to launch before the end of 2012

Risk Magazine reports that the new standard CSA (the “SCSA”) is to be launched within weeks, with at least two dealers ready to execute with each other under the new document.

Beyond this, initial take-up of the SCSA is expected to be slow and largely confined to the largest dealers. However, over time, regulatory developments, such as the Basel Committee’s proposal to levy an 8% haircut on cash collateral that is in a different currency to that of an underlying uncleared trade, may encourage more users to adopt the SCSA

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