清算所的风险管理及中央对手方在清算中的作用

Clearing house:risk management and role of CCPs

清算是指从交易产生直到最后清算完成的所有活动。该文以欧洲期货交易所清算公司为例,介绍了清算的职能与职责,包括清算所的会员结构、提供的服务、中央对手方在清算中的作用以及清算所的风险管理。

Cleanng denotes all activities from the time a transaction is made until it is finally settled. Taking Eurex Clearing AG as an example, this paper introduces the membership structure, services Offered, utilization of CCPs and risk management in clearing houses.