Summary
This Circular informs DCP Clearing Members about enhancements to the DCP limit calculation methodology aimed at improving collateral efficiency and the timely availability of trading limits. The changes introduce an optimised treatment of collateral movements by preventing the double consideration of collateral requirements resulting from settlement-related cash flows and by enabling collateral increases to be reflected in limits immediately following the morning settlement cycle. As a result, members will benefit from a limit framework that more closely aligns with their actual collateral position, supports more efficient collateral utilization, and provides earlier access to additional trading capacity where collateral has been increased.
Please find detailed information in the document below.
CONTACT
ECC Direct Clearing
T +49 341 24680-444
Direct.clearing@ecc.de