A central counterparty clearing house (CCP) is an organization, usually operated by a major bank, that exists in European countries to facilitate derivatives and equities trading. Central counterparty clearing houses (CCPs) perform two primary functions as the intermediary in a transaction: clearing an...
In this chapter, we discuss a special form of financial market infrastructure 鈥 the central counterparty clearing house (or CCP). Central clearing involves the substitution of a CCP as the common counterparty to all cleared trades, typically by means of novation or an equivalent legal mechanism...
Also see:clearing house Central counterparty clearing is the process by which financial transactions are cleared by a singlecounterparty, generally a wellcapitalizedfinancialinstitutionsuch as anexchange. The central counterparty (the exchange'sclearing house) becomes a party to every trade, acting as a...
Shanghai Clearing House(hereinafter referred to as SHCH) has integrated the concepts, processes and specific operations associated with the existing central counterparty (CCP) services such as Bonds, Foreign Exchange(FX), Interest Rates derivatives, FX derivatives, Credit derivatives, Commodity derivatives...
CCP - Central Counterparty Clearing HouseLatest Danmarks Nationalbank now centrally clears repos at Eurex Danmarks Nationalbank is now actively trading and centrally clearing repo transactions at derivatives market operator Eurex, which cites the onboarding of the first Nordic... LCH Group to assume ...
are formulated in accordance with the Shanghai Clearing House (hereinafter referred to as SHCH) Rules of CCP Clearing Services as well as other relevant rules of SHCH,in order to further improve the services for clearing members, and safeguard the legitimate rights and interests of clearing ...
1)central counterparty中央对手方 1.To raise the operational efficiency of the depository clearing system,it is recommended that acentral counterpartymechanism be introduced in.为提高托管结算体系的运行效率,根据市场客观存在的净额结算和自动融券需求,建议在托管结算后台引入中央对手方机制。
1) central clearing house 中央结算所2) central counterparty (CCP) 中央结算对手3) Central Clearing and Settlement System (CCASS) 中央结算及交收系统 (中央结算系统)4) Hong Kong Securities Clearing Company Limited 香港中央结算有限公司(中央结算公司)5) Central Clearing and Settlement System 中央...
a central counterparty which meets the definition of Article 2(1) of EMIR and not in the situation where a derivative contract is cleared by an entity which is not a CCP within the meaning of EMIR (e.g. a clearing house). This interpretation is acknowledged by ESMA in the Q&As on ...
2 The Modern Central Counterparty Clearing House. 2.1 The CCP’s Unique Selling Point. 2.2 Trading Venues and Clearing Markets. 2.3 Managing Risk. 2.4 Clearing Derivatives and Securities. 2.5 CCPs as a Business. 2.6 Netting Trades and Open Interest. 2.7 Vertical and Horizontal Clearing Systems in...