CCP Initiatives
Central Counterparty (CCP) was created by the European exchanges to help reduce counterparty risk, increase market quality and liquidity, offer post-trade anonymity, and reduce operating costs through the introduction of multi-lateral settlement netting. The Stream GMI system contains
comprehensive functionality to support Euronext Cash Markets and Eurex CCP initiatives, as well as LCH.Clearnet’s EquityClear, RepoClear and SwapClear.
Features
- Handles multi-market, centralized clearing
- Serves as a reporting facility for European government repo and cash bond or "outright" markets
- Offers full support for SwapClear and RepoClear
- Includes interest rate master and payment files, trade reconciliation and pricing
- Computes initial and variation margin, price alignment interest, coupons and clearing fees
Benefits
- Handles calculations swiftly to improve accuracy and efficiency
- Accommodates the specific nuances of EquityClear margin calculations
- Provides CCP clearing for equity trades transacted on the London Stock Exchange’s SETS system
- Features enhanced reporting