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Asigna, Compensaci?n y Liquidaci?n Dec 11
Standard & Poors, Dec 2011
Abstract
Sound risk management, evidenced by strong operational and financial safeguards Conservative risk framework Asigna's importance as the sole clearinghouse for derivatives in Mexico Good financial performance, having improved gradually over the years Concentration on a small number of clearing members Product concentration Standard & Poor's Ratings Services' ratings on Mexico-based derivatives clearinghouse Asigna, Compensaci-n y Liquidaci-n reflect its sound risk management, in our opinion. Its strong operational and financial safeguards, importance as the sole clearinghouse for derivatives in Mexico, and good financial performance, which has improved gradually over the years, also support our assessment. However, counterbalancing these factors is its concentration on a small number of clearing members and by product--specifically, in a derivative product, TE28, based on the interbank...
Companies mentioned in this report are: Asigna Compensacion y Liquidacion
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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