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...
General techniques for counterparty risk mitigation Netting Compression Collateral (margin) Segregation and rehypothecation of collateral The basics of central clearing The CCP landscape CCP membership, default process, and client clearing Module Operating Environment ...
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...
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...
Chamorro-Courtland C (2011), "Trillion Dollar Question: Can a Central Bank Bail out a Central Counterparty Clearing House Which Is Too Big to Fail", The Brook. J. Corp. Fin. & Com. L. 433 (2011-2012), 433-485.Chamorro-Courtland, C. (2012). The Trillion Dollar Question: Can a ...
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。
中央结算机构(代表买卖双方转移和支付投资的机构。买卖双方因而可避免直接交易,降低风险)◆The London Clearing House acts as a central counterparty for trades on London's futures and options markets. 伦敦清算所担任伦敦期货和期权市场交易的中央结算机构。
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 ...
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...
2) central counterparty 中央对手 1. Analysis on bringing central counterparty into OTC derivatives market 关于场外衍生产品市场引入中央对手的思考 更多例句>> 3) central counterparty 中央对手方 1. To raise the operational efficiency of the depository clearing system,it is recommended that a central...