Search: CCP
RBA Glossary definition for CCP
CCP – Central counterparty
Search Results
Contagion Analysis
29 Sep 2015
RDP
2015-02
In the case of a CCP, therefore, we focus solely on the propensity for secondary stress. ... VMGH therefore allows for partial payment of variation margin obligations by a CCP.
https://www.rba.gov.au/publications/rdp/2015/2015-02/contagion-analysis.html
See 7 more results from "RDP 2015-02"
The Australian Financial System
20 Apr 2016
FSR
– April 2016
all – new trades that are eligible for clearing, and have also made considerable progress in moving legacy bilateral trades to CCPs. ... For more information on the regulation of CCPs, see Hughes D and M Manning (2015), ‘CCPs and Banks: Different
https://www.rba.gov.au/publications/fsr/2016/apr/aus-fin-sys.html
Financial Market Infrastructures
28 Sep 2022
PSB Annual Report
– September 2022
In the event that a participant defaults, the CCP takes over its portfolio. ... The main source of financial resources for CCPs is initial margin, which is an indicator of the level of risk the CCP manages.
https://www.rba.gov.au/publications/annual-reports/psb/2022/financial-market-infrastructures.html
Regulatory Developments in Financial Market Infrastructures
12 Sep 2014
PSB Annual Report
– 2014
ESMA concluded that Australia was equivalent with respect to the regulation of CCPs, TRs and mandatory trade reporting. ... Recognition by ESMA is also linked to a CCP's status as a Qualifying CCP in the EU.
https://www.rba.gov.au/publications/annual-reports/psb/2014/reg-dev-fin-mrkt-infra.html
The Australian Financial System
8 Apr 2021
FSR
– April 2021
Graph 3.9. The operational resilience of FMIs, such as central counterparties (CCPs), securities settlement facilities and high-value payment systems, is important to enable financial system participants to prevent credit ... to one another until the CCP
https://www.rba.gov.au/publications/fsr/2021/apr/australian-financial-system.html
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
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
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
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