Moscow Exchange has increased the dedicated capital of NCC Clearing Bank, its central counterparty (CCP), to RUB 9.5 billion (from RUB 6.5 billion) to add an extra layer of security for participants in on-exchange trading. Dedicated capital ("skin in the game") is the portion of the CCP's capital resources that can be used to cover losses in the event of market participants defaulting. NCC Clearing Bank is a wholly-owned subsidiary of Moscow Exchange Group.
read more...↧