Skip to content
RDP 2013-12: Central Counterparty Links and Clearing System Exposures
Equation
Y
L
=
1
Y
L
+
2
Y
L
=
∑
i
∈
N
E
[
max
(
∑
j
∈
N
(
X
i
j
1
+
X
i
j
2
)
,
0
)
]
+
2
E
[
max
(
∑
i
∈
N
2
∑
j
∈
N
1
(
X
i
j
1
+
X
i
j
2
)
,
0
)
]
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaaqaaaaa aaaaWdbiaadMfadaWgaaWcbaGaamitaaqabaGccqGH9aqpdaahaaWc beqaaiaaigdaaaGccaWGzbWaaSbaaSqaaiaadYeaaeqaaOGaey4kaS YaaWbaaSqabeaacaaIYaaaaOGaamywamaaBaaaleaacaWGmbaabeaa aOqaaiabg2da9maaqafabaWefv3ySLgznfgDOjdaryqr1ngBPrginf gDObcv39gaiuaacqWFecFraSqaaiaadMgacqGHiiIZcaWGobaabeqd cqGHris5aOWaamWaaeaaciGGTbGaaiyyaiaacIhadaqadaqaamaaqa fabaWaaeWaaeaacaWGybWaa0baaSqaaiaadMgacaWGQbaabaGaaGym aaaakiabgUcaRiaadIfadaqhaaWcbaGaamyAaiaadQgaaeaacaaIYa aaaaGccaGLOaGaayzkaaGaaiilaiaaicdaaSqaaiaadQgacqGHiiIZ caWGobaabeqdcqGHris5aaGccaGLOaGaayzkaaaacaGLBbGaayzxaa Gaey4kaSIaaGOmaiab=ri8fnaadmaabaGaciyBaiaacggacaGG4bWa aeWaaeaadaaeqbqaamaaqafabaWaaeWaaeaacaWGybWaa0baaSqaai aadMgacaWGQbaabaGaaGymaaaakiabgUcaRiaadIfadaqhaaWcbaGa amyAaiaadQgaaeaacaaIYaaaaaGccaGLOaGaayzkaaGaaiilaiaaic daaSqaaiaadQgacqGHiiIZcaWGobWaaSbaaWqaaiaaigdaaeqaaaWc beqdcqGHris5aaWcbaGaamyAaiabgIGiolaad6eadaWgaaadbaGaaG OmaaqabaaaleqaniabggHiLdaakiaawIcacaGLPaaaaiaawUfacaGL Dbaaaaaa@8AFD@