Trade exposures with CCPs - CRR Provision: Difference between revisions

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===Where this came from===
===Where this came from===
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 clearing 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 in a principal capacity. Cue tons of fun trying to work out what this all means.
Twist: European clearers generally act in a principal capacity. Cue tons of fun trying to work out what this all means.