CME Group, the world's leading and most diverse derivatives marketplace, today published a white paper detailing the company's position on a variety of issues facing central counterparty clearing houses (CCPs) in today's financial markets, particularly the question of how much "skin in the game" clearing houses should contribute to a market's financial safeguards.
The paper, "Clearing - Balancing CCP and Member Contributions with Exposures," is available online at http://www.cmegroup.com/skininthegame.