PET - Plain English Taxonomy

Name: ClearingHousesCentralCounterpartiesCounterpartyDimension
Label: Clearing Houses Central Counterparties Counterparty Dimension
TREF ID: DM988
Type: Predefined
Description:
This dimension categorises the reported data according to relationships with recognised clearing houses and central counterparties.
Usage:

Dimension Members
Name Label TREF ID Description
NotClearingHousesCentralCounterparties Not Clearing Houses Central Counterparties DV8994
A counterparty that is not a recognised clearing house or central counterparty (CCP).
RecognisedClearingHousesCentralCounterparties Recognised Clearing Houses Central Counterparties DV8995
Clearing houses and central counterparties (CCPs) are financial auxiliaries according to ANZSIC 2006. Recognised CCPs are clearing houses that interpose themselves between counterparties to contracts traded in one or more financial markets, becoming the buyer to every seller and the seller to every buyer. A CCP becomes counterparty to trades with market participants through novation, an open offer system, or another legally binding arrangement.