Perhaps not in some derivatives products, where counterparty risks make an electronic-broking service difficult, but certainly in bond markets.

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The single standard allows a bank to monitor its counterparty risks globally, streamlines back office processing and reduces costs in data management.

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One of the results of the industry group that was formed after that, the Counterparty Risk Management Group, was improved exchange of information about counterparty risks.

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They also argue that companies using swaps to hedge commercial risks also might not be willing to use a no-name swaps counterparty.

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