Initial Assessment of Chicago Mercantile Exchange Inc. against the Financial Stability Standards for Central Counterparties September 2014
- Download the complete Assessment 1.3MB.
Note: For the purposes of online publication some minor changes to formatting and text have been made relative to the document that was provided to the Minister.
Contents
- Introduction
- Regulatory Priorities
- Standard 1: Legal Basis
- Standard 2: Governance
- Standard 3: Framework for the Comprehensive Management of Risks
- Standard 4: Credit Risk
- Standard 5: Collateral
- Standard 6: Margin
- Standard 7: Liquidity Risk
- Standard 8: Settlement Finality
- Standard 9: Money Settlements
- Standard 10: Physical Deliveries
- Standard 11: Exchange-of-value Settlements
- Standard 12: Participant Default Rules and Procedures
- Standard 13: Segregation and Portability
- Standard 14: General Business Risk
- Standard 15: Custody and Investment Risks
- Standard 16: Operational Risk
- Standard 17: Access and Participation Requirements
- Standard 18: Tiered Participation Arrangements
- Standard 19: FMI Links
- Standard 20: Disclosure of Rules, Key Policies and Procedures, and Market Data
- Standard 21: Regulatory Reporting