Default Risk
Member’s default risk refers to the risk of not fulfilling settlement by the settlement deadline resulted by the member’s disability of settlement due to deteriorated financial status or bankruptcy. The KRX defines settlement default in the derivatives market as the case when a clearing member does not fulfill the settlement obligation or fails to deposit its margin or when the KRX deems that such a situation can possibly happen.
Content Manager
  • Listed CCP Rules 051-662-2726