DTCC’s NSCC completes $2 billion debt offering to bolster liquidity resources

May 11, 2020

From DTCC Connection: In April, the National Securities Clearing Corporation (NSCC), a clearing agency subsidiary of DTCC, successfully completed its inaugural term debt issuance in the amount of $2 billion…

What’s the real risk of CCPs, counterparty risk or liquidity risk?

August 7, 2017

Josh Galper

CCP, Liquidity Management, Risk Management

CCP, default risk, liquidity risk, Margin, risk waterfall, topstory

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A recently issued academic paper from Dr. Rama Cont at Imperial College London makes the argument that CCPs don’t mitigate counterparty credit risk, they just transform it into liquidity risk.…

The Korea Exchange: A cautionary tale on CCP waterfalls and non-defaulting members taking the loss

March 18, 2014

Jonathan Cooper

Asia, CCP, Derivatives, Regulatory

CCP, Korea exchange, krx, risk waterfall

No Comments

Apropos of our post last week in CCP default insurance, a March 5th article in Risk by Viren Vaghela “Korea clearing structure in question after HanMag trading error” is worth…

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risk waterfall

DTCC’s NSCC completes $2 billion debt offering to bolster liquidity resources

What’s the real risk of CCPs, counterparty risk or liquidity risk?

The Korea Exchange: A cautionary tale on CCP waterfalls and non-defaulting members taking the loss

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