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 derivatives market is where these instruments are traded. Usually, the underlying assets used in derivatives are bonds, stocks, commodities, currencies, market indexes, and interest rates. The derivatives market is either for over-the-counter derivatives or exchange-traded ones. The OTC derivatives like swaps do not run through an intermediary while the exchange-traded derivatives, by its name, go through derivatives exchanges. The two groups are very different in terms of their legal nature and the manner by which they are traded.