In view of those regulatory trends, there has been an increase overseas in the "futurization of OTC derivatives," which refers to the clearing of transactions through CCPs by listing futures contracts on exchanges in advance, mirroring the contractual conditions of OTC derivatives deals made with a certain frequency.
1  In autumn 2009, the following agreements were reached at the Group of Twenty (G-20) Pittsburgh Summit: (1) all standardized OTC derivatives contracts should be traded on exchanges or electronic trading platforms and (2) cleared through CCPs; (3) OTC derivatives contracts should be reported to trade repositories; and (4) non-centrally cleared contracts should be subject to higher capital requirements.