Central counterparty: Difference between revisions
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imported>Doug Williamson (Expand and add link. Source: Bank of England webpage http://www.bankofengland.co.uk/financialstability/Pages/fmis/supervised_sys/rch.aspx) |
imported>Doug Williamson (Update external links.) |
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(CCP). | (CCP). | ||
A | A central counterparty is an institution, acting in one or more securities or cash markets, that is interposed between two trading parties. | ||
The central counterparty guarantees the performance of the underlying transaction by acting as a matching seller to the buyer and a matching buyer to the seller. | |||
| Line 8: | Line 10: | ||
*LCH.Clearnet Limited | *LCH.Clearnet Limited | ||
*LME Clear Limited | *LME Clear Limited | ||
Most central counterparties are clearing houses. | |||
Also sometimes known as 'central clearing parties'. | |||
==See also== | ==See also== | ||
* [[ | * [[Bank of England]] | ||
* [[Brexit]] | |||
* [[Clearance]] | |||
* [[Clearing house]] | |||
* [[Competent Authority]] | |||
* [[EMIR]] | * [[EMIR]] | ||
* [[Financial Conduct Authority]] | |||
* [[Intercontinental Exchange]] | |||
* [[LME Clear]] | * [[LME Clear]] | ||
* [[Novation]] | |||
* [[SMF participant]] | * [[SMF participant]] | ||
* [[Variation Margin Gains Hedging]] | |||
==External link== | |||
[https://www.bankofengland.co.uk/quarterly-bulletin/2013/q2/central-counterparties-what-are-they-why-do-they-matter-and-how-does-the-bank-supervise-them How the Bank of England supervises central counterparties] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Treasury_operations]] | |||
Latest revision as of 17:55, 16 February 2022
(CCP).
A central counterparty is an institution, acting in one or more securities or cash markets, that is interposed between two trading parties.
The central counterparty guarantees the performance of the underlying transaction by acting as a matching seller to the buyer and a matching buyer to the seller.
UK central counterparties recognised by the Bank of England include:
- CME Clearing Europe Limited
- LCH.Clearnet Limited
- LME Clear Limited
Most central counterparties are clearing houses.
Also sometimes known as 'central clearing parties'.
See also
- Bank of England
- Brexit
- Clearance
- Clearing house
- Competent Authority
- EMIR
- Financial Conduct Authority
- Intercontinental Exchange
- LME Clear
- Novation
- SMF participant
- Variation Margin Gains Hedging
