April 7, 2009
The Ritz-Carlton New York, Battery Park
2 West Street
New York, New York 10004

The credit crisis has sent infrastructure providers to the drawing board to design a clearing solution for credit derivatives and other over-the-counter products that would mitigate risk and bring transparency to this opaque market. OTC clearing facilities have existed for several years in the listed derivatives space so it not surprising that major futures exchanges would extend their product offerings. In addition, new entrants to the market are offering a variety of models to address the problem. This session will give the various platforms the opportunity to provide information on their model and answer questions about their structure. Must these products be standardized? How will these models address the more customized single-name contracts? How are valuation and margin requirements determined? Is there a way to come up with margining that is economically viable for the clearing customer? Is clearing limited to principals only? If customers participate, is customer margin segregated? Will these contracts be converted to a futures product? Is remote clearing permitted?

Each provider will be asked to present:

• A brief description of the platform including the products being offered, their rationale for the model and the expected timing for launch or activity since launch.
• An overview of ownership and governance structure.
• The regulatory environment in which it will operate.
• Implementation challenges for participants.

For sponsorship information, please email Toni Vitale Chan at tvitale-chan@futuresindustry.org or call (312) 636-2919.