Central Banking

Australian CCP cannot delay margin application any further, says RBA

reserve-bank-of-australia

The Reserve Bank of Australia welcomed improvements in the Australian Security Exchange's (ASX) central counterparty (CCP) clearings in its 2011/12 assessment of clearing and settlement facilities, released today (October 4), but highlighted one area that has fallen behind schedule.

ASX Clear, one of the CCPs, has delayed the deadline for the introduction of routine margining of cash equities – a system designed to ensure the ‘defaulter pays' for any losses arising in the event of a clearing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: