Central counterparty and Charge: Difference between pages

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(CCP).  
1. ''Law.''


A financial institution that acts as an intermediary between market participants including corporate treasuries.
A mortgage or other security attached to an asset or assets, which prevents dealing in those assets without the consent of the secured creditor.


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


2. ''Tax.''


UK central counterparties recognised by the Bank of England include:
A charge on income.
*CME Clearing Europe Limited
*LCH.Clearnet Limited
*LME Clear Limited




Most central counterparties are clearing houses.
3. ''Tax.''


Also sometimes known as 'central clearing parties'.
An amount of tax payable.




4.


<span style="color:#4B0082">'''''Brexit, central counterparties, stability risks and costs'''''</span>
Any fee or other amount payable for services or facilities provided.


:"... If we turn to central counterparties (CCPs), if the UK leaves the EU without mitigating action on both sides, EU and UK CCPs could find they are in breach of regulation by providing clearing services in the other’s jurisdiction.


:This would apply to maintaining existing positions as well as taking on new positions. This would require abrupt close-out of positions, with attendant financial stability risks and costs to real economies.
== See also ==
 
* [[Certificate of title]]
:I would add that this risk is more acute for EU users because of the volume of activity conducted in UK CCPs."
* [[Charge on income]]
 
* [[Charged]]
:''Andrew Bailey, chief executive, Financial Conduct Authority, February 2018.''
* [[Depreciation charge]]
 
* [[Early Redemption Charge]]
 
* [[Expense]]
==See also==
* [[Finance charge]]
* [[Brexit]]
* [[Fixed charge]]
* [[Clearing house]]
* [[Floating charge]]
* [[Competent Authority]]
* [[Management charge]]
* [[EMIR]]
* [[Mortgage]]
* [[Financial Conduct Authority]]
* [[Secured]]
* [[Intercontinental Exchange]]
* [[Securitisation ]]
* [[LME Clear]]
* [[Securitise]]
* [[Novation]]
* [[Security]]
* [[SMF participant]]
* [[Tax]]
* [[Variation Margin Gains Hedging]]
 
 
==External links==
 
[https://www.fca.org.uk/news/speeches/future-city Andrew Bailey, Financial Conduct Authority (FCA), The Future of the City]
 
[https://www.fca.org.uk/news/statements/statement-transitional-arrangements-trading-venues-under-mifir-article-542 FCA agrees transitional arrangements for ICE Futures Europe and the LME]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Treasury_operations]]
[[Category:Compliance_and_audit]]

Latest revision as of 20:32, 4 July 2022

1. Law.

A mortgage or other security attached to an asset or assets, which prevents dealing in those assets without the consent of the secured creditor.


2. Tax.

A charge on income.


3. Tax.

An amount of tax payable.


4.

Any fee or other amount payable for services or facilities provided.


See also