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Asigna, Compensaci?n y Liquidaci?n May 10
Standard & Poors, May 2010
Abstract
Sound risk management through strong operational and financial safeguards Importance as the sole clearinghouse for derivatives in Mexico Conservative risk framework Good financial performance Concentration in small number of clearing members Concentration by product Standard & Poor's Ratings Services' ratings on Mexican financial clearinghouse Asigna, Compensaci-n y Liquidaci-n (Asigna) reflect the firm's sound risk management as shown by its financial safeguards and strong margining system, good financial performance, and its importance as the sole clearinghouse for clearing and settlements in the Mexican derivative market. Its participant and product concentrations counterbalance these factors, although these have improved during the past 12 months. We think the clearinghouse remains exposed to the dynamics of the Mexican derivatives market and the risk of operating...
Companies mentioned in this report are: Asigna Compensacion y Liquidacion,Bank of America Corp.,JPMorgan Chase & Co.,Mexico
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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