Designated capital of the central counterparty – definition and meaning of "Designated capital of the central counterparty"

Designated capital of the central counterparty - the own funds of the central counterparty, which according to the clearing rules are intended for covering possible losses caused by non-performance or improper performance by the performance of the clearing participant's obligations prior to the use of funds contributed by bona fide participants participants of the clearing in collective clearing ensurance¹.

Federal Law No. 7-FZ of February 7, 2011 "On Clearing and Clearing Activities", as amended on May 1, 2019, Art. 2, subpara. 1.2 // RSZ RF. 2011. No. 7. Art. 904. ↩