Difference between revisions of "CCP12"

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CCP12 was formed in 2001 by major [[central counterparty]] organizations in Europe, Asia and the Americas to share information and develop analysis and policy standards for common areas of concern.  
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The Global Association of Central Counterparties (CCP12) was formed in 2001 by major [[central counterparty]] organizations in Europe, Asia and the Americas to share information and develop analysis and policy standards for common areas of concern.  
  
The group frequently invites [[regulator]]s and representatives from other [[clearing]] and [[settlement]] organizations, [[exchange]]s and marketplaces, financial firms and other industry associations around the world to join its meetings. Over the years, CCP12 has held meetings in places including Seoul, South Korea, Boston, Hong Kong and Tokyo.<ref>{{cite web|url=http://www.nyse.com/press/1253700636538.html|name=More on CCP12|org=DTCC|date=September 26, 2009}}</ref>
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It is a global association of 37 members who operate more than 50 individual CCPs globally across EMEA, the Americas and the Asia-Pacific region. The group frequently invites [[regulator]]s and representatives from other [[clearing]] and [[settlement]] organizations, [[exchange]]s and marketplaces, financial firms and other industry associations around the world to join its meetings. Over the years, CCP12 has held meetings in places including Seoul, South Korea, Boston, Hong Kong and Tokyo.<ref>{{cite web|url=http://www.nyse.com/press/1253700636538.html|name=More on CCP12|org=DTCC|date=September 26, 2009}}</ref>
  
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In 2009, the G20 Leaders pledged to change the process by which non-standardised Over-The-Counter (“OTC”) derivatives were traded. In February 2020, CCP12 published ‘Progress and Initiatives in OTC Derivatives – A CCP12 Report’, its second installment in a series of reports exploring the current and future state of OTC derivatives.<ref>{{cite web|url=https://mondovisione.com/media-and-resources/news/ccp12-publishes-progress-and-initiatives-in-otc-derivatives-a-ccp12-report/#150386|name=CCP12 Publishes Progress And Initiatives In OTC Derivatives|org=Mondovisione|date=February 12, 2020}}</ref>
  
 
== Products and Services ==
 
== Products and Services ==
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== Key People ==
 
== Key People ==
On May 4 of 2011, the members of CCP12 elected a new chair, two vice-chairs and nine ordinary executive committee members at its annual general meeting.
 
  
Elected office-bearers of the association (who also serve on the executive committee are as follows:  
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Executive Committee:
*[[Luis Jorge Pelayo]], Indeval (Mexico) - Chair
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*[[Siddharta Roy]], CCIL (India)- Vice-Chair
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*[[Zhen Xu]], Shanghai Clearing House - Chair
*[[Marcus Zickwolff]], [[Eurex]] Group (Germany)- Vice-Chair
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*[[Teo Floor]], Eurex Clearing Group - Vice Chairman
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*[[Kevin McClear]], [[Intercontinental Exchange]] - Vice Chairman
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*[[George Kormas]], [[TMX Group]] - Treasurer
  
 
Elected ordinary executive committee members are:  
 
Elected ordinary executive committee members are:  
*[[Rory Cunningham]], [[LCH.Clearnet]] (UK);
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*[[Takeshi Hirano]], JSCC/[[TSE]] (Japan);
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*[[Lee Betsill]], CME Group
*[[Paul Jones]], [[ASX]] (Australia);
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*[[Dale Michaels]], [[Options Clearing Corporation]]  
*[[Kevin King]], [[HKEx]] (Hong Kong);
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*[[Erica Brown]], Nasdaq Clearing AB
*[[Dale Michaels]], [[CME Group]] (USA);
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*[[Piyush Chourasia]], Indian Clearing Corporation
*[[Johan Rudén]], [[NASDAQ OMX]] (Sweden);
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*[[Timothy Cuddihy]], DTCC
*[[Andrew Simpson]], [[DTCC]] (USA);
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*[[Agnes Koh]], Singapore Exchange
*[[Luis Vicente]], [[BM&F Bovespa]] (Brazil); and
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*[[Daisuke Miyauchi]], Japan Securities Clearing Corporation
*[[Mike Walinskas]], [[OCC]] (USA)
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*[[Jonathan Jachym]], London Stock Exchange
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*[[Slawomir Panasiuk]], KDPW CCP
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*[[Ketan B. Patel]], HKEX
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*[[Kausick Saha]], Clearing Corporation of India Ltd
  
 
== References ==
 
== References ==

Latest revision as of 16:08, 12 February 2020


Global Association of Central Counterparties (CCP12)
Ccp12 logo.png
Founded 2001
Products Industry Association
Web site www.ccp12.org

The Global Association of Central Counterparties (CCP12) was formed in 2001 by major central counterparty organizations in Europe, Asia and the Americas to share information and develop analysis and policy standards for common areas of concern.

It is a global association of 37 members who operate more than 50 individual CCPs globally across EMEA, the Americas and the Asia-Pacific region. The group frequently invites regulators and representatives from other clearing and settlement organizations, exchanges and marketplaces, financial firms and other industry associations around the world to join its meetings. Over the years, CCP12 has held meetings in places including Seoul, South Korea, Boston, Hong Kong and Tokyo.[1]

In 2009, the G20 Leaders pledged to change the process by which non-standardised Over-The-Counter (“OTC”) derivatives were traded. In February 2020, CCP12 published ‘Progress and Initiatives in OTC Derivatives – A CCP12 Report’, its second installment in a series of reports exploring the current and future state of OTC derivatives.[2]

Products and Services

According to CCP12's mission statement, members of CCP12 work together on issues of mutual interest and benefit to minimize global systemic risk and enhance the efficiency and effectiveness of international markets. To this end, CCP12 members collaboratively share information, develop analysis and position papers, and add to global industry and regulatory consultation and debate in order to promote development and adoption of best of breed standards and practices in CCP risk management and operational activities.[3]

Membership

Key People

Executive Committee:

Elected ordinary executive committee members are:

References

  1. More on CCP12. DTCC.
  2. CCP12 Publishes Progress And Initiatives In OTC Derivatives. Mondovisione.
  3. CCP12 Mission. CCP12.