The main focus in the United States had been on the CDSs that is the credit default swaps due to the role which they play for exacerbating the financial crisis, but the industry too is laying out the goals in order to clear the swaps of the interest rate and is also planning for the equity derivatives are also present in the pipeline. Already, all of the major banks had been working very hard for building the connectivity which would link the central counterparty clearinghouses for the derivatives of the credit by anticipating that the federal regulation which is passed would need the central clearing to minimize the risks.