Central counterparty
- Japanese
- 清算機関
- Also known as
- CCP
- Last reviewed
- September 24, 2026
This is a draft, shown for review before publication.
A central counterparty is an entity that steps in between the parties to a trade, becoming the buyer to the seller and the seller to the buyer, and guarantees settlement of the trade.
Related terms
Explained in detail
Pages that use this term
- Day Count Conventions
- Business Day Conventions and Holiday Calendars
- Bootstrapping a Yield Curve
- The Multi-Curve Framework
- Dealers and Brokers
- How Institutional Investors Use Derivatives
- How Regional Banks Use Derivatives
- Market Size Statistics (BIS Surveys)
- Exchange-Traded vs OTC Derivatives
- Futures Margin and Daily Settlement
- Japanese Exchanges and Listed Products
- What Is a Derivative?
- Forward Rate Agreements (FRA)
- Interest Rate Futures
- JGB Futures
- Interest Rate Swaps
- Valuing an Interest Rate Swap
- Overnight Index Swaps (OIS)
- Basis Swaps
- Amortizing Swaps
- Caps and Floors
- Swaptions
- TORF
- TIBOR
- The Transition from LIBOR
- Fallbacks and Spread Adjustments
- Non-Deliverable Forwards (NDF)
- Equity Index Options
- Warrants
- Equity Swaps and Total Return Swaps
- Dividend Swaps and Futures
- Credit Default Swaps (CDS)
- CDS Indices (iTraxx, CDX)
- Overview of Commodity Derivatives
- Power
- Metals
- Freight Derivatives (FFA)
- Collateral and Discounting
- Overview of XVA
- ISDA SIMM: The Standard Model for Initial Margin
- FVA and MVA
- What Is Counterparty Credit Risk?
- Risk Reduction through Netting and Collateral
- Overview of the Regulatory Treatment of Counterparty Risk
- Counterparty Risk and XVA
- Funding Variation and Initial Margin
- Handling Margin Calls
- Sourcing and Substituting Collateral
- Risk-Weighted Assets (RWA)
- The Leverage Ratio
- Lifecycle Event Processing
- Collateral Operations
- Settlement
- Regulatory Reporting
- Front-to-Back System Architecture
- Lifecycle Event Data
- Identifiers: LEI, UTI, and UPI
- Recovery and Resolution Planning
- Resolution stay protocols
- Hedge Accounting Basics
- The Credit Support Annex (CSA)
- Overview of Market Infrastructure
- Trade Repositories
- Portfolio Compression
- Electronic Trading Platforms such as SEFs
- Portfolio Reconciliation
- Major Electronic Trading Platforms
- Post-Trade Confirmation and Matching Services
- Post-Trade Efficiency Services
- The Financial Instruments and Exchange Act and Derivatives
- The Commodity Derivatives Transaction Act
- Supervisory Guidelines of the Financial Services Agency
- Margin Requirements for Uncleared Derivatives
- Electronic Trading Platform Mandate
- Overview of Derivatives Regulation in the US
- The Roles of the CFTC and SEC
- Dodd-Frank Act Title VII
- Swap Dealer Registration
- Overview of Derivatives Regulation in the EU and UK
- EMIR
- MiFID II and MiFIR
- The EU Benchmarks Regulation (BMR)
- The G20 OTC Derivatives Reforms
- BCBS-IOSCO Margin Requirements for Uncleared Derivatives
- The Standardized Approach for Counterparty Credit Risk (SA-CCR)
- The CVA Risk Capital Charge
- Overview of Derivatives Regulation in Asia-Pacific
- OTC Derivatives Regulation in Hong Kong
- Singapore
- China
- South Korea
- Australia
- Market Manipulation and Spoofing
- The Dojima Rice Exchange
- The Development of Futures Exchanges
- The Swap Market and ISDA
- A History of Japan's Derivatives Market
- The Collapse of Lehman Brothers (2008)
- Digitalization: CDM and Tokenization
- Timeline: The G20 Pittsburgh Summit leaders' statement agrees on reform of the OTC derivatives markets
- Timeline: Japan enacts the amended Financial Instruments and Exchange Act setting rules for OTC derivatives
- Timeline: The European Market Infrastructure Regulation (EMIR) is signed in the EU