Clearing House Operations
About Clearing House Operations
A middleman between buyers and sellers of financial instruments is a clearing house. It is a department or independent business unit of a futures exchange that is in charge of clearing deals, collecting and managing margin funds, controlling delivery, and disclosing trading information.
Why is Clearing House Operations important?
The clearing house serves as a middleman and offers the efficiency and security necessary for a financial market to be stable. A clearing house takes the opposing position on each trade in order to operate effectively, which significantly lowers the cost and risk of settling numerous transactions among several participants.
Who should take the Clearing House Operations Exam?
- Specialist (Automated Clearing House Operations)
- Derivative Clearing Operations Director
- Manager, Enterprise Real Time Payment Operations
- Marketing Operations
- Corporate Actions Senior Team Lead
Clearing House Operations Certification Course Outline
- Markets and participants
- Risk mitigants
- The basics of central clearing
- Central counterparties
- Regulation
- Central counterparties – risk management
- Risk Management
- CCP analysis
- Default fund methodologies