Trade exposures with CCPs - CRR Provision: Difference between revisions
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In the same way that that irritating guy with the [[Telecaster|Tele]] in the Redondo Guitar Center lists his influences as Hendrix, Sonic Youth and Mahler, this part of {{tag|CRR}} lists as its influences the [[BIS]] paper from April 2014, [[capital requirements for bank exposures to central counterparties]]. That assumes your brokers are all agents the way US [[futures commission merchant]]s are. | In the same way that that irritating guy with the [[Telecaster|Tele]] in the Redondo Guitar Center lists his influences as Hendrix, Sonic Youth and Mahler, this part of {{tag|CRR}} lists as its influences the [[BIS]] paper from April 2014, [[capital requirements for bank exposures to central counterparties]]. That assumes your brokers are all agents the way US [[futures commission merchant]]s are. | ||
Twist: European clearers generally act | ''Twist'': European clearers generally act as [[riskless principal]]s. Cue ''tons'' of fun trying to work out what this all [[agency]] chat means for a [[principal]]. | ||
====The [[clearing member]]’s own [[negligence, fraud or wilful default]]==== | ====The [[clearing member]]’s own [[negligence, fraud or wilful default]]==== |