Atlas / Glossary / Central counterparty (CCP)Central counterparty (CCP) The clearing house that steps between buyer and seller after a trade, becoming everyone's counterparty and demanding margin from both. Post-2008 plumbing that concentrates risk in order to manage it.
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Where Central counterparty is explained in depth The definition above is the short version. These pages put it to work, in the order they use it most:
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