Search: credit risk/exposure
RBA Glossary definition for credit risk/exposure
credit risk/exposure – The risk that a counterparty will not settle an obligation for full value, either when due or thereafter. In 'exchange-for-value' systems, the risk is generally defined to include replacement risk (the risk of having to replace a contract at a potentially unfavourable price) and principal risk.
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June 2013 | Assessment against the Financial Stability Standards for Central Counterparties of LCH.Clearnet Limited's SwapClear Service
9 Mar 2023
Assumption of risk: LCH assumes the counterparty credit risk of SwapClear contracts through novation. ... counterparty credit risk. liquidity risk. general market risk, including concentration, sovereign and wrong-way risks.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/lch/2013/lch-assess-2013-06.html
Special Topic – ASX Strategic Initiatives | 2012/13 Assessment of ASX Clearing and Settlement Facilities
9 Mar 2023
4.1.2 Key design features. Design features related to credit risk, margin and default management were examined particularly closely in the Bank's assessment. ... To manage the additional risk exposure arising from real-time novation, ASX Clear (Futures)
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2012-2013/special-topic.html
Standard 4: Credit risk | Appendix C1. Financial Stability Standards for Central Counterparties | Assessment of ASX Clearing and Settlement …
9 Mar 2023
The Counterparty Risk Assessment (CRA) team is responsible for monitoring participants' credit standing and ASX's Exposure Risk Management (ERM) team monitors the ASX CCPs' credit exposures to participants. ... To manage the additional credit risk
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2016-2017/asx-central-counterparties/standard-04.html
Australian Clearing House (ACH) | 2007/08 Assessment
9 Mar 2023
Participation criteria are an important determinant of the risk exposure assumed by a central counterparty and hence the Reserve Bank supports ACH's efforts to raise the average financial standing of ... The total risk requirement is based on a
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2007-2008/aus-clearing-house.html
Financial Stability Standards for Securities Settlement Facilities December 2012-Standard 15: Access and Participation Requirements
9 Mar 2023
types of activities that the participant can undertake (see SSF Standard 4 on credit risk). ... meets, the participation requirements of the securities settlement facility (see SSF Standard 4 on credit risk and SSF Standard 11 on participant default
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/standards/securities-settlement-facilities/2012/standard-15.html
Special Topic – Default Management and Recovery | 2019/20 Assessment of ASX Clearing and Settlement Facilities
9 Mar 2023
2019/20 Assessment of ASX Clearing and Settlement Facilities
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2019-2020/special-topic-default-management-and-recovery.html
Standard 4: Credit risk | Appendix C1. Financial Stability Standards for Central Counterparties | Assessment of ASX Clearing and Settlement …
9 Mar 2023
To manage the additional credit risk exposure arising from offering real-time novation of OTC products, ASX Clear (Futures) places a limit on the interest rate sensitivity of new transactions (currently ... the possibility that novating a single large
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2017-2018/asx-central-counterparties/standard-04.html
Standard 17: Access and Participation Requirements | Financial Stability Standards for Central Counterparties December 2012
9 Mar 2023
or types of activities that the participant can undertake (see CCP Standard 4 on credit risk). ... the participation requirements of the central counterparty (see CCP Standard 4 on credit risk and CCP Standard 12 on participant default rules and
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/standards/central-counterparties/2012/standard-17.html
Standard 4: Credit risk | Appendix C1. Financial Stability Standards for Central Counterparties | Assessment of ASX Clearing and Settlement …
9 Mar 2023
To manage the additional credit risk exposure arising from offering real-time novation of OTC products, ASX Clear (Futures) places a limit on the interest rate sensitivity of new transactions (currently ... the possibility that novating a single large
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2018-2019/c1-financial-stability-standards-for-central-counterparties/standard-04.html
Standard 4: Credit Risk | Appendix B1.2 ASX Clear (Futures) | 2012/13 Assessment of ASX Clearing and Settlement Facilities
9 Mar 2023
To manage the additional credit risk exposure arising from offering real-time novation of OTC products, ASX Clear (Futures) will place a limit on the acceptable size of new transactions (initially ... the possibility that novating a single large trade
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2012-2013/asx-clear-futures/standard-04.html