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RDP 2016-07: The Efficiency of Central Clearing: A Segmented Markets Approach
Equation (12)
C
C
P
R
,
t
=
∫
0
1
(
2
λ
m
D
F
t
+
λ
m
s
m
,
t
Z
−
λ
m
s
˜
m
,
t
Z
)
d
m
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