Category: Market Technology, Financial, Classroom courses

Description

We describe why a clearinghouse is necessary for a secure market place and what needs to be in place to accomplish the stability. The member and account structure is essential for a clearinghouse for both position keeping and margin calculations, which we examine. The chain of participants who interact in the settlement and delivery chain is explored thoroughly. Learn why margin is calculated and how the requirements are covered by collateral of different kinds.
This is one day course

Goal

• Understand the concept of central counterparty
• Clearing participants
• Clearing event of instruments
• Settlement chain and deliveries
• Margin and Collateral

Purpose

To get an understanding of the overall clearing concept and the necessary daily and periodic activities to maintain a stable post trade market

Target Group

Clearinghouse staff, new brokers or similar group

Knowledge requirement

A basic understanding of financial markets and trading.