Practitioner Seminar with Nicki Søndergaard Rasmussen, Danske Bank
Monday, October 8, 2012 - 15:30 to 16:30
The next FRIC Practitioner Seminar features Nicki Søndergaard Rasmussen, Danske Bank
Nicki Søndergaard Rasmussen will present:
Default Risk Management on CCPs.
The clearing of certain over-the-counter derivatives on CCPs is being required through the recent regulation. The CCPs show their true value in the event of a default of one of its members. In this talk we investigate the following questions: How are defaults handled by CCPs? What is different from the bilateral setting? What is the role and responsibility of a Clearing Member? How are losses absored into the Waterfall structure of the CCP? How are Clearing Members incentivised to participate in hedging and auctions during the default management process?
The page was last edited by: Sekretariat for Ledelse og Kommunikation // 10/25/2012