Non-financial counterparty and OR: Difference between pages

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''Regulation - EMIR.''
Operational Risk.


(NFC).
Operational risk is the risk of adverse effects resulting from inadequate or failed internal processes, people and systems and / or external events such as adverse changes to the economic environment.  


A non-financial counterparty is a counterparty that does not fall under the financial counterparty banner, and is not a central counterparty (CCP) or a trade repository (TR).


A NFC can be further classified as an NFC+ which is an NFC which exceeds the clearing thresholds set out under EMIR.
== See also ==
* [[Business risk]]
* [[Financial risk]]
* [[Guide to risk management]]
* [[Legal risk]]
* [[Market risk]]
* [[Operational risk]]
* [[Performance risk]]
* [[Unrewarded risk]]
* [[Rewarded risk]]
* [[Systems risk]]
* [[Weather risk]]


A NFC may be exempt under EMIR from central clearing and collateral requirements, depending on the numbers of derivatives transactions they have outstanding.
[[Category:Identify_and_assess_risks]]
 
[[Category:Manage_risks]]
 
[[Category:Risk_frameworks]]
==See also==
[[Category:Risk_reporting]]
* [[Central counterparty]]
* [[Counterparty]]
* [[EMIR]]
* [[Financial]]
* [[Financial counterparty]]
* [[NFC+]]
* [[NFC-]]
* [[Non-financial corporate]]
* [[Trade repository]]
 
[[Category:Accounting,_tax_and_regulation]]

Latest revision as of 05:08, 27 June 2022

Operational Risk.

Operational risk is the risk of adverse effects resulting from inadequate or failed internal processes, people and systems and / or external events such as adverse changes to the economic environment.


See also