A new announcement by the big banks bodes well for RZR
http://english.capital.gr/news.asp?id=809119
" Each G15 member agreed to submit 90% of new interest rate derivatives trades for clearing by December 2009. Banks will submit at least 60% of existing interest rate swap trades to central counterparties. Interest rate swap clearing is dominated by London-based LCH.Clearnet. In the U.S., a Nasdaq OMX-owned facility called the International Derivatives Clearing Group is targeting the market, with about $450 billion in transactions test-cleared as of early August. "
Both LCH.Clearnet and the International Derivatives Clearing Group use RZR
RZR Price at posting:
3.9¢ Sentiment: LT Buy Disclosure: Held
