Face.com kills developer APIs and Klik app three weeks after Facebook acquisition

face-com-kills-developer-apis-facebook

A ripple went through Face.com's developer community three weeks ago when the company was acquired by Facebook. After all, what earthly reason would the social network have for continuing third-party developer support of the product? None, as it turns out -- API support for the firm's mug recognition software will be dropped in early August, and its iPhone app, Klik, is now gone from the App Store. Despite recent assurances to the contrary (pictured above) Face.com pulled the plug in order to devote its resources to Zuckerberg and Co., according to an email it sent to developers. Naturally, the sudden reversal has inflamed that group, with prominent members tweeting language like "boycotting" and "months of work wasted." There's a sliver of hope, however, for forlorn developers -- at least one member of the community says he's been granted an API extension through October. In the meantime, developers will likely be venting -- and won't even be able to track that rollercoaster of emotions anymore.

Face.com kills developer APIs and Klik app three weeks after Facebook acquisition originally appeared on Engadget on Mon, 09 Jul 2012 03:41:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/07/09/face-com-kills-developer-apis-and-klik-app-three-weeks-after-fac/

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Minister: Privatizations are Greece's top priority

Leader of the extreme right-wing Golden Dawn party Nikolaos Michaloliakos speaks at the Parliament in Athens, Saturday, July 7, 2012. (AP Photo/Kostas Tsironis)

Leader of the extreme right-wing Golden Dawn party Nikolaos Michaloliakos speaks at the Parliament in Athens, Saturday, July 7, 2012. (AP Photo/Kostas Tsironis)

Leader of Greeces' Socialist party, PASOK, speaks at the Parliament in Athens, Saturday, July 7, 2012. (AP Photo/Kostas Tsironis)

Greek leader of the Left Democratic party, Dimar, Fotis Kouvelis sits among empty seats while awaiting for his turn to speak at the Parliament in Athens, Saturday, July 7, 2012. Greeces' left party lawmakers left the parliament hall during Nikolaos Michaloliakos' speech. ( AP Photo/Kostas Tsironis)

Lawmakers from Radical Left party Syriza, Greek Communist party and the Left Democratic party, Dimar, leave the Parliament hall before leaders' of the extreme right-wing Golden Dawn party Nikolaos Michaloliakos' speech in Athens, Saturday, July 7, 2012. Greeces' left party lawmakers left the parliament hall during Nikolaos Michaloliakos' speech. (AP Photo/Kostas Tsironis)

Greek leader of the Left Democratic party Dimar, Fotis Kouvelis speaks at the Parliament in Athens, Saturday, July 7, 2012. ( AP Photo/Kostas Tsironis)

(AP) ? Greece's three-party coalition government will try to get the economy out of its deep recession by encouraging private investment and making privatizations its "highest priority," finance minister Yannis Stournaras said Saturday.

"The privatization program aims at attracting important international capital that will be invested mainly in property development and infrastructure," Stournaras told parliament on the second day of the debate on the new government's policy platform.

He said the government plans to give priority to 28 privatizations, including the state natural gas, water and betting companies, the development of the former Athens airport, other airports, yacht marinas, the state railways and the sale and leaseback of 28 state properties. The privatization of Public Power Corporation will come at a later stage, Stournaras said.

Earlier, the leader of Greece's main opposition party accused the country's three-party coalition government of wanting to sell Greece's resources and public companies on the cheap.

"The prime minister's policy statement was nothing more than a 'for sale sign' put on Greece," Alexis Tsipras, head of the Coalition of the Radical Left party, known as Syriza, told Parliament. He said he was especially warning those who want to "grab state property on the cheap." He added would-be buyers of state property might lose all their money and face criminal proceedings.

Tsipras proposed a moratorium on the payment of Greece's debt until the country, mired in a deep recession, returns to growth. He predicts his party will soon come to power because the coalition government will fail. When it comes to government, he said, it would fix finances by taxing the rich and going after tax evaders.

Evangelos Venizelos, the socialist leader and a former finance minister, whose party is part of the coalition, ripped into Tsipras' payments moratorium proposal, saying this was tantamount to the country declaring bankruptcy.

"The country can take no more demagoguery," he said.

The newly-elected parliament will stage a vote of confidence on the government at midnight Sunday.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-07-07-Greece/id-f6ff4d9d0b62461db1966c82cebeeec3

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Sales Training That Will Likely Make Anybody Into A Successful ...

When it comes to sales training you have two possibilities you can either opt for conventional ?do it this way? sales courses or you can opt for the more modern approach and attend an NLP ?do it your way? sales workshop. The choice if yours but once you have read this article it should be simple.

The difference is straightforward ? normal sales training attempts to turn you into a clone of what they think a good sales person should be like. NLP sales training works on building your natural confidence and communication talents to bring out the best of what you are so that you feel you?re talking naturally with your prospects.

The undeniable fact is that no-one is going to go on being successful for any length of time when they are being forced to do something that makes them feel uncomfortable. Doing what is not natural to us takes a lot out of us. Ultimately stress builds up to insufferable levels and levels of attainment tail off. That is the reason why sales people trained in the normal techniques keep having to go back for extra training and motivation.

NLP based sales training is totally different. It starts with you and works out what you naturally do well. It looks at the ways you communicate and the things which you do that lead you to feel self confident. It analyses the way that you influence those around you when you?re in your zone of comfort. And then it uses those naturally occuring resources to develop your ability to make sales.

When you?re ok with yourself and the way you are doing things you will soon find that you like your work and you are a lot more successful at what you?re doing. People schooled to use NLP methodologies as part of their sales armory need very little extra training because they are simply doing what comes naturally to them.

==========
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This article is published by MoreCustomersAndMoreSales.com.

==========

Imagine a precision instrument that records the actions, words and feelings of the best performers. Then download that data to a powerful decoder that analyses and codes the behaviour. Transfer the code to your personal control panel so that you can reproduce excellence and self confidence at will. This is how NLP Techniques work. NLP Practitioner David Ferrers will show you how to build your own control panel during Business Coaching, or at one of his his Sales Success Sales Training workshops.


Read more about...

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Related posts:

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  2. The Value Of Using A Motivational Speaker For Sales Training Seminars
  3. Sales Peer Groups Versus Sales Training
  4. The Necessity Of Continuous Sales Training
  5. Importance Of Sales Training Courses

Source: http://sales.morecustomersandmoresales.com/sales-training-that-will-likely-make-anybody-into-a-successful-salesperson/

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Apple's first App Store malware now history

10 hrs.

A malicious app that made its way into Apple's App Store, and if downloaded then went ahead and?uploaded a user's phonebook to a remote server, has been removed by Apple. It's believed that the app was the first significant piece of malware to land in the App Store in the four years since it opened.

The app, a contacts utility program?named, "Find and Call," was ejected from the App Store?by Apple late Thursday. "Find and Call"?also found its way into Android's Google Play store, and Google removed it from there as well?Thursday.

Kaspersky Lab discovered the perils of "Find and Call," which includes a Trojan to do the dirty work. Once the user launches the app, Kaspersky says, "he?will be asked to register in the app using his email address and cellphone number (both fields won?t be checked for validity). If user wants to 'find friends in a phone book' his?phone book data will be secretly (no EULA/ terms of usage/notifications) uploaded" to a remote server.

The user, Kaspersky says, will be able to continuing using the app, but at the same time:

... the application steals data from the device (phone book and cellphone numbers) which are uploaded to a remote server to be used for SMS spam campaigns. Each phone book entry will receive SMS spam message offering to click on the URL and download this ?Find and Call? application. It is worth mentioning that the ?from? field contains the user?s cellphone number. In other words, people will receive an SMS spam message from a trusted source.

"Although there have been plenty of reports of Android malware, attacks targeted towards iPhone and iPad users are much much rarer," noted?Vanja Svajcer, SophosLabs principal virus researcher on that company's blog.

"Indeed, the most significant incidents we have seen of iOS attacks (the Ikee and Duh worms) only affected poorly-secured jailbroken iPhones."

Svajcer wrote that "Clearly Apple's 'rigorous' screening of apps before they're allowed in the App Store wasn't quite rigorous enough in the case of the 'Find and Call' app, as it was able to slip through the net."

Trudy Muller, an Apple spokeswoman, told Wired that the app was removed "due to its unauthorized use of users? address book data, a violation of App Store guidelines."?We contacted Apple for comment,?and will update this post if we hear back.

Svajcer of SophosLabs wrote that?it's probably "more accurate" to say that the app is " 'spammy' ?? as it leaks data all over the place in plain text via http (which means, of course, that the data could be intercepted and sniffed by someone wanting to snoop on you)."

While Apple and Google were quick to remove the app, he wrote,?"Obviously it would have (been)?even better if the app's lax respect of users' privacy had been spotted in the first place, and they had never been allowed into those online stores."

Check out Technolog, Gadgetbox, Digital Life and In-Game on?Facebook,?and on Twitter, follow Suzanne Choney.

Source: http://www.technolog.msnbc.msn.com/technology/technolog/apples-first-app-store-malware-now-history-866677

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Pay more for milk? Initiative aims to support family farms

Keep Local Farms, a program supporting New England dairy farms, asks consumers to pay extra for milk in order to boost local family businesses, similar to fair trade practices for coffee and chocolate.

By Lisa Rathke,?Associated Press / July 6, 2012

In this 2009 photo, milk is displayed with a Keep Local Farms sign in Burlington, Vt. The Keep Local Farms program urges colleges, universities and other institutions in New England to charge a little more for their milk, with the proceeds going to dairy farmers in the region.

University of Vermont/AP

Enlarge

Consumers will pay a little more for coffee and chocolate to ensure the farmers who produce those foods get a fair wage, so why not ask them to pay more for milk?

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That is the notion behind a program designed to raise money for struggling New England dairy farms while educating consumers about those family businesses. Keep Local Farms urges colleges, universities and other institutions in New England to charge a little more for milk, with the extra money going to farmers in the region.

It is among a number of nongovernment programs being set up to try to preserve small, family-operated farms as consolidation continues in the dairy industry. While Vermont is best known for its milk and cheese products, dairy farms stretch across New England. But two-thirds have closed in the past 30 years because low milk prices have made it hard for farmers to cover their feed, fuel and labor costs.

Some supporters are trying to help save the rest by borrowing a page from the fair trade movement. Consumers who buy products labeled as fair trade pay a little bit more to provide workers with decent wages and sound environmental practices. Coffee and chocolate are among the most common fair trade items.

Keep Local Farms? set up in 2009, a year of record low milk prices paid to farmers ? figured the same idea could work in the dairy industry

Six colleges and universities signed up, including Harvard and the University of Vermont, which contribute 10 cents for every single-serving container of milk sold. Boston Medical Center, Ski Vermont, some Ben & Jerry's scoop shops and others also contribute to the program, while others, such as Roche Brothers and Hannaford supermarkets, have displayed signs about the importance of local dairy farms to local economies, tourism and in providing land for recreation.

"It's really from whole cloth. This didn't exist. There isn't really an example of this kind of program for dairy at least," said Diane Bothfeld, deputy secretary of the Vermont Agency of Agriculture, which worked with the New England Family Dairy Farms Cooperative and the New England Dairy Promotion Board to launch the program.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/GNKFwGASNrs/Pay-more-for-milk-Initiative-aims-to-support-family-farms

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Do Not Go Gentle into That Good Night: The Tragic Death of Brian ...

By Linda Pershing, with Lara Bell, posted on WarIsACrime.org
Brian Arredondo never really recovered from his brother?s death in the Iraq War. When they were kids, Brian adored his older brother Alexander and tagged along with him whenever he could. They were often seen playing together in parks and schoolyards in communities surrounding Boston, Massachusetts, and Bangor, Maine, where they grew up. As teens the two boys were perfect targets for military recruiters: first-generation Americans on their father?s side (he emigrated from Costa Rica), working-class youth (Alex attended a technical high school where much of the curriculum focuses on job training), living with their mother after their parents divorced when they were young. Promises of career training, male camaraderie and ?becoming a man,? appeals to patriotism, a $10,000 signing bonus, and funding for college enticed Alex Arredondo to join the marines, just a month before September 11, 2011.

Brian was distraught and seemed to lose his focus and motivation when Alex enlisted. Shortly thereafter, he dropped out of high school at the beginning of tenth grade. On August 25, 2004, a sniper?s bullet to the head killed Alex during his second deployment to Iraq. Brian?s world fell apart. On the day Alex was killed, military officials came to his mother?s house in Bangor to notify the family. Brian, 17 years old at the time, was home alone. He guessed why they were there, but they wouldn?t tell him the news until his mother, Victoria Foley, arrived. As they waited around the corner in the government van, Brian got an emotional call from his father, Carlos Arredondo, who was living in Florida at the time and had also just been notified about Alex?s death. Brian became desperate, punching holes in the walls as he paced the floor, waiting for his mother to get home. After she arrived, Brian tried to call his father to talk with him again. His distraught stepmother, M?lida Arredondo, answered the phone and told Brian to turn on the television: news coverage of a burning van outside his father?s home. Reporters announced that Carlos Arredondo had set fire to the van and been caught in the blaze. In disbelief Brian saw his father on fire, rolling on the ground, trying to extinguish the flames. Carlos lay unconscious in a hospital intensive care, burn unit for two days and nearly died from the incident. Nine days later, accompanied by two medics, he attended Alex?s wake, funeral mass, and burial on a stretcher, wrapped in bandages and with a morphine drip to numb the pain. The story made international news.

Eventually, the war in Iraq took the lives of both brothers. Flash forward seven years to December 19, 2011, when Brian?s mother and her partner found Brian hanging from the rafters of a shed in the backyard, where he had been living. No longer able to quell his despair, Brian killed himself at the age of 24. Near his body all he left was a copy of an email instant conversation between his stepmother M?lida Arredondo and a marine in Alex?s unit, who had been at his side when Alex died. Brian committed suicide the day after U.S. troops were ?officially? withdrawn from Iraq. Perhaps he couldn?t face the fact that, unlike other soldiers, his brother would not be coming home.

Alex & Brian Arrendondo

The gross inequality between the rich and the poor in our country define this story. Try to imagine an alternate reality: what if Jenna Bush, the daughter of George W. and Laura Bush, enlisted in the marines and were killed by a sniper?s bullet in Iraq? Imagine her twin sister Barbara struggling with debilitating depression and taking her own life seven years later. Would Bush and his cronies have been so willing to invade Iraq and launch a war if their own kids were going to pay the price? It?s unthinkable, of course, because the Bush twins had so many other options: Barbara attended Yale, and Jenna was offered a job as a correspondent on ?The Today Show? after she graduated from college. Military recruiters target rural and lower income youth and first-generation Americans who have more restricted access to college and careers.

When soldiers die in battle, we tend to focus on the grief of parents and spouses. Siblings often fall through the cracks. Looking back at the years since Alex?s death, M?lida Arredondo commented that Brian?s life had been a ?downward spiral? of anguish, depression, and self-destruction. Family members repeatedly reached out to Brian and tried to get him professional help for his depression, drug use, and trouble with the law. He accepted his family?s legal, monetary, and employment assistance but declined counseling. Instead, Brian put on a good front, smiling broadly and assuring the family that he was doing fine, or that he had made a new start and would do better in the future.

In retrospect, it?s clear that Brian was in distress. After Alex?s deployment to Iraq and subsequent death, Brian started self-medicating with drugs, which he often hid from his family. With time, his drug usage became more serious. He pleaded with parents and friends to loan him money, which they later learned he used to support his drug habit. He began using marijuana, and then cocaine. After one violent confrontation with the police, Brian was admitted to Bridgewater State Hospital for psychiatric evaluation in April 2011. The clinical evaluation report noted that Brian admitted to using Percocet and heroin at least once a day; hospital intake workers discovered injection track marks all over his arms.

After he was arrested for having an open alcohol container in his car, reckless driving, and several accidents, the state of Maine took away Brian?s driver?s license. He became dependent on parents and friends to transport him, which made working a job very difficult. On occasion he worked with his father and was employed at a pizza restaurant and as a janitor, but he never worked for more than a few months at a time. For most of the past seven years he was unemployed, which only exacerbated his feelings of helplessness and dependence on others.

This wasn?t the first time Brian tried to kill himself. While military officials were at his mother?s home, informing her about Alex?s death, Brian slipped away and ran into the street, looking for oncoming traffic. Later he told his parents that he wanted to be hit by a car. Still reeling from Alex?s death, in 2006 he tried to hang himself with an electric cord but failed when the cord broke. And in 2011, when police tried to arrest Brian on outstanding warrants, breaking in to the backyard shed while he was sleeping, he raised a machete and dared them to shoot him.

His troubled relationships with young women and problems with anger management signaled another facet of his distress. Almost immediately after his brother?s death, Brian became involved with a young woman?perhaps to replace his close relationship with his brother. Her father didn?t approve, had a violent confrontation with Brian, and got a restraining order to prevent him from coming to their home. Their relationship was rocky and punctuated by abusive and destructive behavior. A second young woman also pursued Brian. There was jealousy and abuse on all sides. There were multiple incidents involving interpersonal violence and destruction of property. Girlfriends and parents called the police, who arrested Brian several times. By 2011, Brian faced a number of misdemeanor and felony charges, which had escalated in the past several years. He was scheduled to go to court on December 21, 2011, two days after he died. His mother recalled that Brian told her that he expected to be sentenced to a minimum of two years in prison, which probably wasn?t a realistic assessment. Francis J. DiMento, Jr., his attorney, told us in an interview that he thought it unlikely that Brian would do jail time for these offences (Interview, June 7, 2012).

In response to Alex?s death, M?lida and Carlos Arredondo began to speak out about their experiences. They became peace activists and advocates for support services for military personnel and their families. Carlos creates memorials designed to raise awareness about the significance of Alex?s life and sacrifice, using his military boots and uniform, medals, large photos of Alex and Brian, and numerous other mementos with personal meaning. Sometimes he also displays a full-size coffin, calling on viewers to visualize the real cost of war in terms of individual human lives. M?lida and Carlos are well known for their activism in the Boston area, where they have lived for many years. They make it a point to meet with public officials at community events, sharing with them the stories of their sons? deaths and advocating for support services for military personnel and their families. In retrospect, since Brian?s death they have worried that they didn?t pay enough attention to him, wrapped up, instead, in their grieving for Alex and their dedication to activism. His mother, Victoria Foley, sorrowfully recounted that he seemed depressed and remote in the days before his suicide, and her attempts to get Brian into counseling were unsuccessful. The boys? deaths have taken an enormous toll on their families. The loss has redefined their lives forever, leaving them to deal with the deep despair of losing two children to the Iraq War.

This tragic series of events is a brutal reminder of the devastation that war brings: two young sons dead, with parents and family members left to wade through the unbearable grief, self-blame, devastated lives, and the narrative of youth dashed to pieces by death and sorrow. Brian never really accepted his brother?s enlistment in the military or his death in Iraq. In response, his life became a succession of dangerous actions and disastrous decisions, sending him down a path to self-destruction. It?s certainly possible to interpret Brian?s suicide as an expression of hopelessness. It?s also possible to consider that Brian ended his life as an act of resistance, reminiscent of Dylan Thomas? epic admonition to ?rage, rage against the dying of the light.?

Perhaps?compounded by substance abuse, problems with interpersonal relationships, dropping out of school, and troubles with the law?it was a refusal or inability to accept that the U.S. invasion and occupation of Iraq made sense. Many Americans willingly accepted, or remained silent, when Bush and his advisors launched these foolish wars, and as Obama continues them, increasing drone strikes in the region and ramping up U.S. involvement in Afghanistan while withdrawing troops from Iraq. Many stood on the sidelines watching as other people?s sons and daughters?usually the poorest and those with the fewest options?were swept up in the patriotic fervor, recruited by the military, and sent off to fight. Now we pay the price of public apathy and complicity. The deaths of Brian and Alexander Arredondo diminish us all.

Authors? bio: Linda Pershing is a professor, and Lara Bell is an undergraduate student at California State University San Marcos.

Memory portrait by Gina Johnson, operationhometies.com

Source: http://www.wearenotyoursoldiers.org/?p=335&utm_source=rss&utm_medium=rss&utm_campaign=do-not-go-gentle-into-that-good-night-the-tragic-death-of-brian-arredondo

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Chetnik's Hero Gets a Guardian :: Balkan Insight

On Thursday, the Belgrade Higher Court appointed the lawyer Zoran Zivkovic as a legal guardian who can confirm that Mihailovic is dead.

A day before, Serbia?s Centre for Social Work has refused to assign a legal guardian to Mihailovic, which could have prevented the court from completing the rehabilitation process.

Mihailovic, who was also known as General Draza, the wartime leader of the royalist Chetnik movement, was sentenced to death in 1946 by a Yugoslav Court for high treason and collaboration with Nazi Germany.?

In March this year, the Court asked any member of the public who could provide information related to Mihailovic?s death to come forward. Because no one responded to the request, the court asked the Center for Social Work to assign a legal guardian.

The proceedings for determining Mihailovic?s death were initiated by the Society of Political Prisoners and Victims of the Communist Regime and the Serbian Liberal Party, since to date, no documentary or other evidence of the exact circumstances of his death has ever been found.

The family of Mihailovic has been searching for years for documentary proof of his death, but their only written evidence so far is an article from the Borba newspaper from July 8, 1946, which records that Mihailovic was killed the day before.

The State Commission for finding secret graves dating from the Second World War has stated that Mihailovic was killed on July 17, 1946 in Belgrade, close to today?s popular summer resort of Ada Ciganlija.

However, Mihailovic?s grave has never been found. It is believed that his bones were transferred at a later date to Great War Island, a small island in the river Danube, close to Belgrade.

Mihailovic?s grandson, Vojsilav Mihailovic, who filed the request for his grandfather?s rehabilitation, which would result in the 1946 verdict being quashed, says that his grandfather was never a Nazi collaborator and that his trial was a product of the communist regime.

The announcement of Mihailovic?s possible rehabilitation has provoked a negative reaction not just in Serbia, but also amongst the Bosnian and Croatian public.? The consensus appears to be that it would not be good for the region if the Serbian state rehabilitates a war criminal.

The rehabilitation hearing will continue on October 8.

?

Source: http://www.balkaninsight.com/en/article/chetnik-leader-left-without-a-guardian

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Israeli journalist reaches plea bargain with state

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Source: http://news.yahoo.com/israeli-journalist-reaches-plea-bargain-state-092647080.html

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Council Of European Union Adopts Rules On Derivatives

Council Of European Union Adopts Rules On Derivatives

by 04 Jul 15:20

The Council today1 adopted a regulation aimed at increasing transparency in derivatives and?reducing risk in the over-the-counter2 (OTC) derivatives market (PE-CONS 8/12).

Adoption of the regulation follows an agreement reached with the European Parliament; accordingly,?the Council accepted all amendments voted by the Parliament at first reading on 3 July.

The regulation requires:

  • the clearing of standardised3OTC derivative contracts through central counterparties?(CCPs)4 in order to reduce counterparty risk (i.e. the risk of default by one party to the?contract). This is aimed at preventing the default of one market participant causing the collapse?of other market players, thereby putting the entire financial system at risk. To be authorised, a?CCP will have to hold a minimum amount of financial resources. Specifically, the regulation?requires a CCP to havea mutualised default fund to which members of the CCP have to contribute
  • the reporting of all derivative contracts to trade repositories (i.e. central data?centres). Trade repositories would have to publish aggregate positions by class of derivatives,?thereby offering market participants a clearer view of the derivatives market. The European?Securities and Markets Authority (ESMA) will be responsible for the surveillance of trade?repositories and for granting and withdrawing their registration.

ESMA will also be responsible for the identification of contracts subject to the clearingobligation, while national competent authorities, in coordination with a college of supervisors,?will be responsible for authorisation and supervision of CCPs, except in the case of CCPs from?third countries, which will have to be recognised by ESMA, provided they meet certain conditions.

If a contract is not eligible for clearing by a CCP, the regulation requires the application of?different risk management techniques, including the exchange of collateral and the holding of?additional capital.

The obligation to clear OTC derivatives contracts through a CCP and report them to trade?repositories applies to financial firms, while non-financial firms will only be subject to the?clearing obligation, provided their OTC derivatives positions reach specified clearing thresholds,?to be set by ESMA and the Commission

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The regulation provides for venues of execution, such as multilateral trading platforms or?exchanges, to have access to any CCP to clear OTC derivatives transactions, and vice versa, subject?to technical and safety requirements.

The regulation, which will apply from the end of 2012, is intended to implement commitments made by?G-20 leaders in September 2009. One year after the collapse of Lehman Brothers ? a major player in?OTC derivatives markets ? G-20 leaders agreed in Pittsburgh that all standardised OTC derivative?contracts should be cleared through CCPs by the end of 2012, while non-centrally cleared contracts?should be subject to higher capital requirements. They also resolved that OTC derivative contracts?should be reportedto trade repositories.

1The decision was taken by written procedure.
2A derivative not traded on an exchange but instead privately negotiated between two counterparts.
3Those that have met predefined eligibility criteria
4CCPs are entities that interpose themselves between the two counterparties to a transaction and thus become the ?buyer to every seller?, as well as the ?seller to every buyer?

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Source: http://www.placingtraders.com/news/read/534986

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