|Label:||Clearing Houses Central Counterparties Counterparty Dimension|
This dimension categorises the reported data according to relationships with recognised clearing houses and central counterparties.
|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.