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My colleagues and I, serving on an advisory committee for the Spanish initiative, have recommended that donors pool their funds into a single international account, which we call the Financial Coordination Mechanism (FCM).
Any remaining losses are distributed to the trader's FCM, which spreads out the pain to across the other customer accounts.
By pooling financial resources into a single-donor FCM, aid programmes' administrative costs could be kept low, the availability of aid could be assured, and poor countries would not have to negotiate 25 times in order to receive help.
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By contrast, there are currently no equivalents to FCMs in the swaps markets.
FCM Travel Solutions Spending £5.1m (£8.1m) -38% Global travel services company with operations in 75 countries, and named Europe's leading travel management company for the second year running in the 2011 World Travel Awards.
Her mother is the president of Garber/FCm Travel Solutions, a corporate travel management company in Boston, which was operated by the bride's father until his death in 2002.
RailWorks, which is based in Baltimore, also sold FCM Rail to Dennis Gilstad, the former owner of a Detroit-based equipment-leasing unit.
Her father is the managing partner of FCM Investment Partners in New York.
Her mother is the president of Garber/FCm Travel Solutions, a corporate travel management company in Boston, which was operated by the bride's father until his death in 2002 and founded by the bride's paternal grandfather, Bernard Garber.
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