Central counterparty (CCP) - Page 3
Internal Electricity Market Glossary

 

 

 

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EMIR reform propositions on CCPs 

May 2017

 

 

according to the Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No 648/2012 as regards the clearing obligation, the suspension of the clearing obligation, the reporting requirements, the risk-mitigation techniques for OTC derivatives contracts not cleared by a central counterparty, the registration and supervision of trade repositories and the requirements for trade repositories, COM(2017)208, May 2017, IP/17/1150, 4 May 2017

 

   

 

 

numbering blue   CCPs required to provide their members with simple tools allowing them to simulate the amount of collateral requested to clear future trades

 

 

 

numbering blue   CCPs required to make available a thorough description of their initial margin models to their clearing members

 

 

 

numbering blue   Institutions offering clearing service must do so under fair, reasonable and non-discriminatory (FRAND) commercial terms

 

 

 

numbering blue   Assets and positions recorded in clients' accounts will not be considered to be part of the CCP's or clearing member's insolvency estate

 

 

 

  

 

 



Last Updated on Friday, 19 May 2017 21:50
 

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