Central Counterparty Clearinghouse (CCP)
A central counterparty clearinghouse interposes itself between trade counterparties to manage settlement, margin, netting, and default risk.
Clearing terms for central counterparties, default funds, LCH, and options-clearing risk management.
CCP risk and default management terms describe how central counterparties collect margin, mutualize default resources, manage member failure, and continue settlement after stress events. This branch focuses on the risk controls behind central clearing.
Use these pages when a record or explanation refers to a Central Counterparty Clearinghouse (CCP), Default Fund, LCH.Clearnet, or Options Clearing Corporation.
| Term | Use it for |
|---|---|
| Central Counterparty Clearinghouse (CCP) | The central counterparty role in novation, margin, and default management. |
| Default Fund | Pooled resources used after a clearing-member default. |
| LCH.Clearnet | Named clearinghouse references in derivatives and global clearing context. |
| Options Clearing Corporation | U.S. listed-options clearing and related risk controls. |
Start with the clearing member and cleared product. CCP risk terms matter when margin, default resources, auction or porting procedures, settlement obligations, and membership responsibilities determine what happens after stress or default.
Choose a subsection first. Deeper term pages live inside each subsection, which keeps large topic hubs readable.
A central counterparty clearinghouse interposes itself between trade counterparties to manage settlement, margin, netting, and default risk.
A default fund is pooled clearinghouse collateral used to absorb losses if a clearing member defaults beyond its own margin.
LCH.Clearnet is a major central counterparty clearinghouse group for derivatives, fixed income, foreign exchange, and other financial markets.
The Options Clearing Corporation is the central clearinghouse for listed U.S. options and related contract markets.