Counterparty substitution in central counterparty (CCP) systems

Chamorro-Courtland, Christian 2011, Counterparty substitution in central counterparty (CCP) systems, Banking and finance law review, vol. 26, no. 3, pp. 517-538.

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Title Counterparty substitution in central counterparty (CCP) systems
Author(s) Chamorro-Courtland, Christian
Journal name Banking and finance law review
Volume number 26
Issue number 3
Start page 517
End page 538
Total pages 22
Publisher Thomson Reuters
Place of publication New York, N.Y.
Publication date 2011
ISSN 0832-8722
Summary This article describes the legal aspects involved in the counterparty substitutionmechanism between a Central Counterparty (CCP) system and the clearingmembers through the contractual processes of multilateral novation netting andopen offer. The substitution process is necessary in order to provide legal certaintyfor the system participants and to ensure them that the CCP guarantees all transactionsas principal.
Language eng
Field of Research 1801 Law
Socio Economic Objective 970118 Expanding Knowledge in Law and Legal Studies
HERDC Research category C1.1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2011, Thomson Reuters
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Document type: Journal Article
Collections: Faculty of Business and Law
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