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RBA Glossary definition for CCP

CCP – Central counterparty

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The Regulatory Response to the Global Financial Crisis | Submission to the Financial System Inquiry – March 2014 | Financial Sector |…

1 Mar 2014 Submissions
Reforms to OTC derivatives markets will make counterparty risk increasingly concentrated among a small number of CCPs. ... Doing so will mitigate the risk of contagion in OTC derivatives markets, but will also increase the systemic importance of large
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/regulatory-response-to-the-global-financial-crisis.html