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May 26, 2014

CCP Feature Comparison Matrix | SIFMA AMF

I am quite swamped these days trying to gather all sorts of data on CCPs and their offerings and to my surprise I came across this pretty useful matrix in XLS format, a comparison analysis actually, on this page on the SIFMA site under the heading "Central Clearing Counterparty (CCP) Matrix" . It is supposed to be a tool for asset managers but I would say it can prove very helpful to all Buy – Siders. 

It compares and contrasts the offerings of several CCPs, including ICE, Eurex, CME & LCH.Clearnet and includes responses to specific questions covering product offerings, offering status, trade procedure, systems, pricing, risk, margin/collateral, market/credit events, default process, legal, membership and more.

To quote SIFMA:

As new derivatives regulations mandate central clearing, asset managers will need to select a central clearing counterparty (CCP). The CCP Matrix compares and contrasts the offerings of several platforms, including ICE Clear Credit, Ice Clear Europe, Eurex Credit Clear, CME Credit, CME Rates, EurexOTC Clear IRS. Also included are responses to specific questions from the AMF Derivatives Operations Committee, covering product offerings, offering status, trade procedure, systems, pricing, risk, margin/collateral, market/credit events, default process, legal, membership and more.

The last update seems to be in October 2013 which of course means that the first section on "current products offered" should now be updated. Other than this, it is a very detailed and explanatory analysis which answers many questions on CCPs and could be refreshed with more questions or CCPs, if you wish, so as to have a good point of reference.

Maria L.


For more information on the CCP Matrix and help with Clearing Projects, please contact Sam Ely at GammaDS, or email him at: contact@gammads.biz


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