Ripatti, Kirsi - Suomen Pankki - 2004
Counterparty Clearing has become increasingly popular in Europe, not just in derivatives markets, where, due to the high risk …’s securities market infrastructure – clearing and settlement. Because of the importance of its role, a CCP must have sound risk … management. The CCP assumes responsibility in the aggregate and reallocates risk among participants. Moreover, if the CCP fails …
