CCPs, Their Risks, and How They can Be Reduced
by John Hull of University of Toronto
July 16, 2012
Abstract: This article reviews the operations of central clearing parties (CCPs). It indicates some topics for future research and discusses an alternative way for CCPs to distribute risks that could be beneficial to the financial system.
Keywords: CCPs, risks, operations.
Related reading: Does a Central Clearing Counterparty Reduce Counterparty Risk