How to Start CCP Business: Workshop Takeaways Monday, 26 October 2020
Federation of Euro-Asian Stock Exchanges in cooperation with the CCP12, organized a special workshop for FEAS Members and FEAS Friends, on 20th October 2020.
The training topic was “𝗛𝗼𝘄 𝘁𝗼 𝗦𝘁𝗮𝗿𝘁 𝗖𝗖𝗣 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀” and the speaker of the training was Teo Floor, CEO of CCP 12.
The productive workshop was followed by participants’ questions and discussions.
This is the first time FEAS is cooperating with CCP12.
FEAS Secretariat, together with the CCP12 Team, has highlighted the most important points and ideas of the workshop. Below are some of them:
- CCPs are the buyer to every seller and the seller to every buyer, and thus interpose themselves to all contracts and ensure their performance.
- CCPs maintain a public rulebook, and include regulators and market participants in their governance and/or for advice.
- CCPs perform four main actions: multilateral netting, mark-to-market, collection of initial margin, and mutualisation.
- Three main benefits of a CCP are: efficiency of trade and settlement processing, credit risk mitigation and contract certainty, confidence and transparency for the marketplace.
Thanks to CCP12 for productive cooperation!