RDP 2013-12: Central Counterparty Links and Clearing System Exposures Equation

Var( X ij k )={ g 2 σ 2 k , fori,j N 1 N 2 σ k 2 , otherwise. MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeOvaiaabggacaqGYbWaaeWaaeaacaWGybWaa0baaSqaaiaadMgacaWGQbaabaGaam4AaaaaaOGaayjkaiaawMcaaiabg2da9maaceaabaqbaeqabiGaaaqaaiaadEgadaahaaWcbeqaaiaaikdaaaGccqaHdpWCdaqhaaWcbaGaaGOmaaqaaiaadUgaaaGccaGGSaaabaGaaeOzaiaab+gacaqGYbGaaGPaVJqaciaa=LgacaWFSaGaa8NAaiabgIGiolaa=5eadaqhaaWcbaGaaGymaaqaaGGaaiab+jdiIcaakiabgQIiilaad6eadaqhaaWcbaGaaGOmaaqaaiab+jdiIcaakiaaykW7aeaacqaHdpWCdaqhaaWcbaGaam4AaaqaaiaaikdaaaGccaGGSaaabaGaae4BaiaabshacaqGObGaaeyzaiaabkhacaqG3bGaaeyAaiaabohacaqGLbacbaGaa0Nlaiaa9bcacaqFGaGaa0hiaiaa9bcacaqFGaGaa0hiaiaa9bcacaqFGaGaa0hiaiaa9bcacaqFGaaaaaGaay5Eaaaaaa@6CE3@