Central Counterparts Margin Models, Procyclicality And Clearing Members

By Anne Job De Lescazes

A featured article of our October 2021 edition of PRMIA's Intelligent Risk quarterly newsletter

The UK HMT1 provides a clear and elegant definition of Central Counterparties (CCPs): “financial institutions which firms use to reduce risks that arise when trading with others on financial markets. They provide more certainty than specific types of financial contracts, including derivatives, will, if cleared through the CCP’s services, be honoured if one of the counterparties to a trade were to default.”

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Intelligent Risk is PRMIA's quarterly publication, bringing all PRMIA members free access to knowledge and information about risk management for financial institutions as well as current information on PRMIA chapters, committees, academic partners, news and events.


Individual articles from each edition are published under our members only Risk Library resources section. PRMIA is sharing select articles from the October 2021 edition with the public. Get more articles like this by joining PRMIA today.

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