Home  Journals  Finance and Credit  7(391) - 2010 February

Central counterparty on RTS exchange markets

Available online: 24 February 2010

Subject Heading: THE CENTRAL COUNTERPART

JEL Classification: 

This article gives an analysis of the Central Counterparty(CCP) activity on the Russian Trading System (RTS) exchange markets. The author describes main stages of the process of the CCP creating on RTS. Не presents his detailed analyses of different functions of the RTS Clearing Centre as CCP, which include: providing of full legal transparency of trade transactions , securing of transactions fulfillment, increasing of participants funds efficiency and decreasing of their transaction costs and widening of post-trading services. It is concluded that the model of CCP chosen by RTS is appropriate to the goals set for the Clearing Centre and this choice of the CCP model has proved to be a correct one through the practical activity in financial crises.

Keywords: financial market, clearing, central counterparty, risk management, netting, RTS

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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