CENTRAL COUNTERPARTY SERVICES
A central counterparty (CCP) imposes itself as the legal counterparty to every trade. This substitution of counterparties is accomplished through the legal process of contract novation, which discharges the contract between the original trading counterparties and creates two new, legally binding contracts -- one between each of the original trading counterparties and the CCP. Commonly used for the derivatives markets, CCPs are now being expanded to include the credit default swaps and securities lending markets. This topic covers the latest news on central counterparty services.
Central Counterparty Services is part of Business Exchange, suggested by Gerard Denham. This topic contains 562 news and 189 blog items. Read updated news, blogs, and resources about Central Counterparty Services. Find user-submitted articles and reactions on Central Counterparty Services from like-minded professionals.
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