Definition of «central counterparty»

A central counterparty is an organization that acts as an intermediary in financial transactions. It ensures the smooth functioning of trades by guaranteeing the settlement of trades, reducing risks, and providing transparency. Basically, it keeps track of trades and makes sure everyone involved gets what they are owed.

Sentences with «central counterparty»

CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange - traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort. (openmarkets.cmegroup.com)
Also, in part reflecting strong views expressed by the Australian authorities, the Financial Stability Board developed the notion of «four safeguards» for a resilient global framework for central counterparties. (rba.gov.au)
SUMMARY - Senior Quality Assurance Engineer / Functional Analyst with 10 + years of diverse experience in IT industry - 3 years of experience in financial industry specializing in solutions for OTC / Listed Derivatives Clearing, Central Counterparty Clearing Houses (CCP) workflows and reporting, Credit and Rates Products Risk calculations as well as electronic trading and FIX - Strong knowledge of Software Development Life Cycl... (members.climber.com)
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