In this stripped-down example, AIG, Bear Stearns, and BofA – as well as their attorneys, lobbyists, and supportive policymakers – promote the clearinghouse on the grounds that it reduces risk for its participants.
Elle supprime le risque de contrepartie pour ces trois participants (AIG, BofA et Bear Stearns) en le transférant à la Citibank qui va perdre au final non pas 50 mais 100 millions de dollars.