______means the act of a clearing corporation interposing itself between both parties of every trade, being the legal counterparty to both
Question
Solution 1
The term you're referring to is "Central Counterparty Clearing" or "CCP". This is a process in financial markets where a clearing corporation acts as the counterparty to both sides of a transaction, reducing the risk of default by one party. Here are the steps:
- Two parties agree to a trade.
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