Search: CCP Standards
RBA Glossary definition for CCP
CCP – Central counterparty
Search Results
CCP Links and Exposure
31 Dec 2013
RDP
2013-12
one between the buyer and its CCP, and one between the two CCPs. ... Figure 1: Unlinked and Linked CCPs. However, CCP links also generate exposures that could pose financial stability risks.
https://www.rba.gov.au/publications/rdp/2013/2013-12/ccp-links-cs-exposures.html
See 7 more results from "RDP 2013-12"
Results
22 Nov 2016
RDP
2016-07
In contrast, the constrained-efficient solution internalises the costs of traders' defaults on the CCP. ... Third, quantitatively our model suggests that current international standards that require CCPs to set margin to cover at least 99 per cent of
https://www.rba.gov.au/publications/rdp/2016/2016-07/results.html
See 8 more results from "RDP 2016-07"
The Global Financial Environment
9 Oct 2020
FSR
– October 2020
Indeed, bank lending standards have already tightened in some jurisdictions (Graph 1.8). ... CCPs have operated effectively, including throughout the period of market dysfunction in March.
https://www.rba.gov.au/publications/fsr/2020/oct/global-financial-environment.html
The Australian Financial System
10 Sep 2014
FSR
– September 2014
CCPs provide centralised management of counterparty risk to their participants. In Australia there are three licensed CCPs:. ... Given their importance to the financial system, CCPs licensed to operate in Australia must meet Financial Stability Standards
https://www.rba.gov.au/publications/fsr/2014/sep/aus-fin-sys.html
The Australian Financial System
10 Sep 2013
FSR
– September 2013
CCPs. The notional value of interest rate derivatives across all currencies submitted under these arrangements by Australian banks to the London-based CCP, LCH.Clearnet Limited (LCH.C), has accelerated sharply ... Given the increased importance of FMIs
https://www.rba.gov.au/publications/fsr/2013/sep/aus-fin-sys.html
Contagion Analysis
29 Sep 2015
RDP
2015-02
i). (ii). (iii). (iv). Price change (standard deviations). 2.67. 3.89. 3.89. ... 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 8 more results from "RDP 2015-02"
The Australian Financial System
10 Mar 2015
FSR
– March 2015
Given their importance to the financial system, CCPs licensed to operate in Australia must meet Financial Stability Standards (FSS) determined by the Reserve Bank, which are based on the internationally agreed ... The FSS for CCPs impose requirements on
https://www.rba.gov.au/publications/fsr/2015/mar/aus-fin-sys.html
Developments in the Financial System Architecture
20 Oct 2017
FSR
– October 2017
As the use globally of central clearing has increased in derivatives markets, standard-setting bodies have pursued an international work plan to ensure that CCPs themselves do not become ‘too big ... critical services to CCPs, which could lead to
https://www.rba.gov.au/publications/fsr/2017/oct/dev-fin-sys-arch.html
The Efficiency of Central Clearing: A Segmented Markets Approach
24 Oct 2016
RDP
PDF
2054KB
largest single participant. The three OTC derivatives CCPs licensed in Australia all meet the ‘cover two’ standard. ... 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 Loss Allocation and Transmission of Financial Stress
16 Mar 2015
RDP
PDF
1285KB
International standards place tight limits on a CCP’s discretion in these activities. ... Accordingly, international policymakers and standard-setters have focused increasingly on CCP resilience in recent years.
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-02.pdf