Gaois

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  1. FINANCE|financial institutions and credit · FINANCE|financial institutions and credit|banking

    #641707

    IATE #3503335
    Teach Imréitigh na Lár-Chontrapháirte Reference Faomhadh an téarma seo mar chuid de Thionscadal Lex
    ga
    zentrale Clearing-Gegenpartei | Clearingstelle mit zentraler Gegenpartei
    de
    Central Counterparty Clearing House | CCP Clearing House
    en
    Definition An entity which interposes itself as the buyer to every seller and as the seller to every buyer of a specified set of contracts. It protects market participants from the risk of non-performance by their counterparties in exchange-traded derivatives markets and in cash and over-the-counter (OTC) derivatives markets. It manages counterparty risk for market participants and facilitates the netting of positions. Reference "Based on Bank of England http://www.bankofengland.co.uk/publications/fsr/2002/fsr13art11.pdf and ECB http://www.ecb.int/home/glossary/html/glossc.en.html (16.03.09)"
    Comment It plays a critical role, primarily on those markets where there is a long period between the initiation and the final settlement of a transaction and the risk of non-performance of the transaction is therefore high. It holds the credit risk against both buyer and seller, which in all likelihood is much lower than if the seller and the buyer were dealing on a bilateral level.
    chambre de compensation à contrepartie centrale | chambre de compensation avec contrepartie centrale
    fr
    Definition entité qui joue le rôle d'intermédiaire entre les parties à une transaction sur titres en se substituant au vendeur vis-à-vis de l'acheteur et à l'acheteur vis-à-vis du vendeur. La CCP endosse ainsi le risque de contrepartie des intervenants et garantit en général l'anonymat des deux contreparties Reference "Conseil-FR d'après le lexique SIX Swiss Exchange; http://www.six-swiss-exchange.com/knowhow/popup/glossary_fr.html?id=CCP+Central+Counterparty [2.2.2012]"