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Central counterparty clearing

Index Central counterparty clearing

Central counterparty clearing (CCP), also referred to as a central counterparty, is a financial institution that takes on counterparty credit risk between parties to a transaction and provides clearing and settlement services for trades in foreign exchange, securities, options, and derivative contracts. [1]

27 relations: Central securities depository, Clearing (finance), Collateral (finance), Credit default swap, Credit risk, Depository Trust & Clearing Corporation, Dodd–Frank Wall Street Reform and Consumer Protection Act, Drexel Burnham Lambert, European Market Infrastructure Regulation, Federal Reserve System, Financial crisis of 2007–2008, Financial institution, G20, Interest rate swap, LCH (clearing house), Lehman Brothers, Margin (finance), Novation, Option (finance), Options Clearing Corporation, Security (finance), Set-off (law), Settlement (finance), Settlement risk, Swap Execution Facility, Systemic risk, 2009 G20 Pittsburgh summit.

Central securities depository

A central securities depository (CSD) is a specialist financial organization holding securities such as shares either in certificated or uncertificated (dematerialized) form so that ownership can be easily transferred through a book entry rather than the transfer of physical certificates.

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Clearing (finance)

In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled.

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Collateral (finance)

In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan.

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Credit default swap

A credit default swap (CDS) is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a debt default (by the debtor) or other credit event.

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Credit risk

A credit risk is the risk of default on a debt that may arise from a borrower failing to make required payments.

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Depository Trust & Clearing Corporation

The Depository Trust & Clearing Corporation (DTCC) is an American post-trade financial services company providing clearing and settlement services to the financial markets.

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Dodd–Frank Wall Street Reform and Consumer Protection Act

The Dodd–Frank Wall Street Reform and Consumer Protection Act (commonly referred to as Dodd–Frank) was signed into United States federal law by US President Barack Obama on July 21, 2010.

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Drexel Burnham Lambert

Drexel Burnham Lambert was a major Wall Street investment banking firm that was forced into bankruptcy in February 1990 due to its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken.

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European Market Infrastructure Regulation

The European Market Infrastructure Regulation (EMIR) is a body of European legislation for the regulation of over-the-counter derivatives.

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Federal Reserve System

The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America.

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Financial crisis of 2007–2008

The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.

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Financial institution

Financial institutions, otherwise known as banking institutions, are corporations which provide services as intermediaries of financial markets.

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G20

The G20 (or Group of Twenty) is an international forum for the governments and central bank governors from Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States and the European Union.

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Interest rate swap

In finance, an interest rate swap (IRS) is an interest rate derivative (IRD).

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LCH (clearing house)

LCH is a British clearing house that serves major international exchanges, as well as a range of OTC markets.

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Lehman Brothers

Lehman Brothers Holdings Inc. (former NYSE ticker symbol LEH) was a global financial services firm.

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Margin (finance)

In finance, margin is collateral that the holder of a financial instrument has to deposit with a counterparty (most often their broker or an exchange) to cover some or all of the credit risk the holder poses for the counterparty.

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Novation

Novation, in contract law and business law, is the act of.

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Option (finance)

In finance, an option is a contract which gives the buyer (the owner or holder of the option) the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price on a specified date, depending on the form of the option.

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Options Clearing Corporation

Options Clearing Corporation (OCC) is a United States clearing house based in Chicago.

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Security (finance)

A security is a tradable financial asset.

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Set-off (law)

In law, set-off or netting are legal techniques applied between persons with mutual rights and liabilities, replacing gross positions with net positions.

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Settlement (finance)

Settlement of securities is a business process whereby securities or interests in securities are delivered, usually against (in simultaneous exchange for) payment of money, to fulfill contractual obligations, such as those arising under securities trades.

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Settlement risk

Settlement risk is the risk that a counterparty (or intermediary agent) fails to deliver a security or its value in cash as per agreement when the security was traded after the other counterparty or counterparties have already delivered security or cash value as per the trade agreement.

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Swap Execution Facility

A Swap Execution Facility (SEF) (sometimes Swaps Execution Facility) is a platform for financial swap trading that provides pre-trade information (i.e. bid and offer prices) and a mechanism for executing swap transactions among eligible participants.

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Systemic risk

In finance, systemic risk is the risk of collapse of an entire financial system or entire market, as opposed to risk associated with any one individual entity, group or component of a system, that can be contained therein without harming the entire system.

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2009 G20 Pittsburgh summit

The 2009 G20 Pittsburgh Summit was the third meeting of the G20 heads of state/heads of government to discuss financial markets and the world economy.

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Redirects here:

Central Counterparty Clearing, Central clearing, Central counterparty.

References

[1] https://en.wikipedia.org/wiki/Central_counterparty_clearing

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