The International Monetary Fund estimates that one-third of interest rate and credit derivatives and two-thirds of equity, commodity, and foreign exchange derivatives will not be suited to standardization and will remain non-centrally cleared. 18 As more-standardized derivatives migrate to central clearing, it will  accept a given class of contracts for clearing.
See also Andersson, Malin and Saiz, Lorena (2018), “Investment in intangible assets in the euro area” , Economic Bulletin, Issue 7, ECB, November; and speech by Luis De Guindos (2018), “Investment, technological transformation and skills”. 3 See Crouzet, Nicholas and Eberly, Janice (2018), “Understanding Weak Capital Investment: the Role of Market  Concentration and Intangibles”, Jackson Hole Economic Policy Symposium.