The Central Counterparty (CCP) provides clearing and settlement service for the derivatives transactions matched in the OTC market.
  • CCP: The central clearing organization which takes up the role of a buyer to a seller and a seller to a buyer by intervening into a transaction between two parties, and implements clearing and settlement of the transaction.
< General OTC transactions vs. CCP-cleared OTC transactions >
General OTC transactions vs. CCP-cleared OTC transactions