CCP Clearing – The Basics
The course covers:
- What is a CCP?
- Why Clear?
- How to Clear? – Contractual Relationships
- Futures and Options
- OTC Swaps
- Risk and Default Management
EMIR:
– Mandatory Clearing
– Segregation/Porting and Leap-Frogging
CCP Recovery and Resolution: Risk Waterfall, Margin Haircutting, etc
Documentation outline:
– CCP Rulebooks/The Addendum and the Module/Execution Agreements