Central counterparty

(CCP).

A financial institution that acts as an intermediary between market participants.

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.

See also

• Clearing house
• Novation
• EMIR
• LME Clear
• SMF participant