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SPIZGZErkEoM |
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These firms extend intraday credit to loan counterparties, which helps smooth the process. But that also means that the two clearing banks remain heavily exposed to the risk of a failure by a large counterparty and that the other participants in the market remain heavily exposed to the financial health of JPMorgan and BNY as intermediaries. |
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Clement |
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2019-05-30 12:46:47 |
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