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Canadian Derivatives Clearing Corp. Dec 11
Standard & Poors, Dec 2011
Abstract
Prudent risk management policies and procedures Comprehensive suite of financial safeguards Mutualization of risk High-quality, liquid collateral Continual surveillance and assessment of members' financial condition Limited number of participants Concentration of trading among clearing members and products Operational risk as a processor of a large number of transactions daily Small volume of derivatives contracts traded on the Canadian market The ratings on Canadian Derivatives Clearing Corp. (CDCC) reflect Standard & Poor's Ratings Services' assessment of the company's prudent risk-management policies and procedures that protect the clearinghouse from abnormal market conditions. It achieves this through a comprehensive suite of financial safeguards consisting of risk-based margin deposits, clearing fund deposits, and the ability for further capital calls on its members to replenish...
Companies mentioned in this report are: Canadian Derivatives Clearing Corp.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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