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.
The Bilateral World vs The Cleared World. As the OTC derivatives industry moves forward towards implementing the clearing mandate, it is becoming increasingly apparent that there is a need to maintain consistency between the bilaterally transacted OTC derivative world and the newly emerging cleared world.