No clearing sweeteners for European SSAs, argue dealers

As public entities eye CCP membership, dealers warn of heightened risk exposure from support waivers

CCP-default-fund-contributions-and-initial-margin-payments montage

A growing number of public entities in Europe are considering a possible move into clearing their derivatives trades, but dealers say significant funding waivers for SSAs mean potential increased risk exposure for European clearing houses.  And many of their members see the waivers as unnecessary preferential treatment.

“If you have an entity that’s contributing to the risk in the system without ponying up for it, I just don’t think that’s right,” says the global head of clearing at a US bank.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here