NCC Clearing Bank, part of Moscow Exchange Group, plans to introduce collateral for stress as an additional layer of its central counterparty (CCP) safeguard structure. This move will facilitate the further development of risk management and clearing systems, and bring the CCP's operations in line with international best practices. Collateral for stress will be set based on the risk of clearing firms' positions that are not covered by their individual clearing collateral, or by existing collective funds and NCC dedicated capital.
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