CCP Clearing: The Basics

The course will cover:

  • What is a CCP?
  • Why Clear?
  • How to Clear? – Contractual Relationships
  • Futures and Options
  • OTC Swaps
  • Risk and Default Management
  • EMIR:
    • Mandatory Clearing
    • Segregation/Porting and Leap-Frogging
    • Frontloading
  • CCP Recovery and Resolution: Risk Waterfall, Margin Haircutting, etc
  • Documentation outline:
    • CCP Rulebooks/The Addendum and the Module/Execution Agreements