Summary of Fossil Evidence. Fossils are evidence of organisms that have existed. The fossils may consist of clues about the organism, such as its tracks or feces, or they may be a part of the organism, such as a bone or other body part.
A: A non-centrally cleared derivative is a bilateral derivative transaction that is not cleared by a central counterparty. This does not include any exchange traded derivatives, securities financing transactions, or derivatives that are cleared indirectly through a clearing member on behalf of a non-member client.
Given the fact that a fair amount of OTC derivative business will continue to trade bilaterally , even after the clearing mandate is fully in place , inconsistency in practices between the bilateral world and the cleared world is likely to give rise to market fragmentation , lack of fungibility between cleared and uncleared products ( with all the ...