The evolving credit function
A new focus for credit
The credit function at energy companies looks set to undergo revolutionary changes over the next couple of years.
As regulators around the world attempt to shine a light on the derivatives market, fears abound around declining dealer participation, lower liquidity and increased costs due to greater margin requirements.
As the ongoing drive away from non-cleared to cleared trades could represent a significant increased cost to trade, credit departments will need to work out how best to optimise
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