Search: CCP
RBA Glossary definition for CCP
CCP – Central counterparty
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The Australian Financial System
10 Mar 2014
FSR
– March 2014
Financial market infrastructures (FMIs), such as payments systems, central counterparties (CCPs) and securities settlement systems, facilitate most financial transactions and trading activity in the economy. ... To provide advice and assist with the
https://www.rba.gov.au/publications/fsr/2014/mar/aus-fin-sys.html
Central Counterparty Links and Clearing System Exposures
2 Feb 2015
RDP
PDF
3395KB
to be reduced by allowing netting across CCPs,CCPs become exposed to one another through the possibility of a CCP default.The change in system exposure resulting from these two effects ... We use this exposure-netting ratio, R, to assess the effect of
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-12.pdf
The Efficiency of Central Clearing: A Segmented Markets Approach
24 Oct 2016
RDP
PDF
2054KB
3.4 First-order Conditions without a CCP 10. 3.5 The CCP 10. ... 20 In reality, CCPs scale default fund requirements based on traders’ activity through the CCP.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-07.pdf
Standard 1: Legal Basis | Financial Stability Standards for Central Counterparties December 2012
9 Mar 2023
Settlement finality is an important building block for risk management systems (see also CCP Standard 8 on settlement finality). ... and this could amplify systemic risks (see CCP Standard 12 on participant default rules and procedures).
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/standards/central-counterparties/2012/standard-1.html
Appendix C: Detailed Assessment against the Financial Stability Standards | Assessment of ASX Clearing and Settlement Facilities
9 Mar 2023
A single overall rating is applied to each CCP or SSF Standard, reflecting this assessment. ... This supplementary interpretation supersedes the Bank's previous supplementary interpretation of the CCP Standards issued in August 2013.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2018-2019/appendix-c.html
Appendix C: Detailed Assessment against the Financial Stability Standards | Assessment of ASX Clearing and Settlement Facilities
9 Mar 2023
A single overall rating is applied to each CCP or SSF Standard, reflecting this assessment. ... This supplementary interpretation supersedes the Bank's previous supplementary interpretation of the CCP Standards issued in August 2013.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2016-2017/appendix-c.html
Topic: Payments
11 Sep 2018
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/payments/
Central Counterparty Loss Allocation and Transmission of Financial Stress
16 Mar 2015
RDP
PDF
1285KB
connections with the financial markets that a CCP serves, its participants, and linked CCPs and other financial market infrastructures). ... As noted, the scope for netting will depend on the extent to which transactions are cleared non-centrally,
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-02.pdf
OTC Derivatives Reform: Netting and Networks | Conference – 2013
19 Aug 2013
Conferences
both products are centrally cleared with:. – each product cleared via a different CCP (‘separate CCPs’). – ... Second, exposure under the single CCP structure gradually approaches that under the structure with separate CCPs.
https://www.rba.gov.au/publications/confs/2013/heath-kelly-manning.html
Payments System Board Update: February 2019 Meeting
25 Feb 2019
Media Releases
At its meeting on Friday 22 February 2019, the Payments System Board discussed a number of issues, including the annual assessment of CME Inc., the recent default at Nasdaq Nordic, a consultation on migration to ISO20022 message formats,
https://www.rba.gov.au/media-releases/2019/mr-19-03.html