At the outset: What to look for

• Availability of exemptions from clearing requirements
• Operational and legal mechanics involved in central clearing
• Contracts required to commence central clearing

Moving forward: Creating your action plan

• Understanding the requirements and deadlines surrounding Dodd-Frank regulations
  • Mandatory clearing of swaps
• Overcoming the operational and legal challenges involved in client on-boarding
• Implementing processes and operational and management systems to ensure regulatory compliance
• Assessing the top risk management considerations for different stakeholders:
  • compliance officers
  • buy-side
  • sell-side
  • clearing houses
  • regulators