Clearing overview - CCP: Difference between revisions
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== Dramatis Personnae == | == Dramatis Personnae == | ||
*{{ccp|Broker}} | *{{ccp|Broker}} | ||
*{{ccp|Clearinghouse}} - the {{ccp|Swap Execution Facility}}, being the multilateral or other trading facility, system or platform, including any communication network or auction facility, permitted under applicable law. Question: what counts as a Swap | *{{ccp|Clearinghouse}} - the {{ccp|Swap Execution Facility}}, being the multilateral or other trading facility, system or platform, including any communication network or auction facility, permitted under applicable law. Question: what counts as a {{ccp|Swap Execution Facility}} for the purposes of {{ccp|Applicable Law}}? | ||
*{{ccp|Clearing member}} | *{{ccp|Clearing member}} | ||
*{{ccp|Dealer}} | *{{ccp|Dealer}} | ||
Revision as of 13:21, 24 September 2012
Dramatis Personnae
- Broker
- Clearinghouse - the Swap Execution Facility, being the multilateral or other trading facility, system or platform, including any communication network or auction facility, permitted under applicable law. Question: what counts as a Swap Execution Facility for the purposes of Applicable Law?
- Clearing member
- Dealer
- End user
Concepts
- Cleared trades versus non-cleared trades
- Margin and collateral, and net versus gross margining.
- Agent versus Principal