CDCC also acts as CCP for over-the-counter equity options contracts traded on its Converge® platform. At the federal level, the Bank of Canada oversees CDCS under the Payment Clearing and Settlement ...
It’s also called a "clearing and settlement system." FMIs play an important role in enhancing financial stability by enabling consumers and firms to safely and efficiently purchase goods and services, ...
Efforts to renew and strengthen payment, clearing and settlement systems have been undertaken internationally and the role of new technologies, including digital money, CBDCs, blockchains and smart ...
As a central counterparty, Nasdaq Clearing ensures physical settlement in accordance with the specific contracts cleared, the expiration procedures and the clearing rules of the relevant market.
Let us look at the expiry settlement first. On the expiry of the F&O contracts, the NSCCL, which is the clearing corporation of NSE, marks all positions of a Clearing Member (CM) to the final ...
Called HKEX Data Marketplace, the web-based platform gives subscribers access to a wide range of data on various shareholdings from its Central Clearing and Settlement System (CCASS) clearing house.