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To: elmatador who wrote (59901)1/13/2010 9:51:45 AM
From: Golconda  Respond to of 218787
 
No sure this is strictly accurate, the clearing house could be in any jurisdiction in the world which has favourable tax treatment and low transaction costs.

The unpegging would make no difference at all except to introduce a currency risk which could be hedged or not as the parties decide