How it works
A central counterparty stands between the trading parties and manages obligations created by the clearing process.
Business explainer
Swap clearing explained for businesses
Swap clearing uses a central counterparty to organize counterparty risk, collateral and settlement for derivatives transactions.
Why it matters
Businesses track clearing to assess counterparty risk, liquidity and collateral requirements more consistently.
What to monitor
Follow regulation, margin rules, market infrastructure changes and announcements from supervisory authorities.