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RDP 2013-12: Central Counterparty Links and Clearing System Exposures
Equation
Y
U
=
σ
N
C
N
−
1
2
π
Y
L
=
σ
N
C
(
N
−
1
+
C
−
1
)
2
π
R
=
1
C
(
1
+
C
−
1
N
−
1
)
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