Central counterparty

(CCP).

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

The CCP must be duly recognised by the regulator ('Competent Authority') in its jurisdiction.

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

• Brexit
• Clearing house
• Competent Authority
• EMIR
• Financial Conduct Authority
• Intercontinental Exchange
• LME Clear
• Novation
• SMF participant
• Variation Margin Gains Hedging

External links

Andrew Bailey, Financial Conduct Authority (FCA), The Future of the City

FCA agrees transitional arrangements for ICE Futures Europe and the LME