We describe why a clearinghouse is necessary for a secure market place and what needs to be in place to accomplish the stability. The member and account structure is essential for a clearinghouse for both position keeping and margin calculations, which we examine. The chain of participants who interact in the settlement and delivery chain is explored thoroughly. Learn why margin is calculated and how the requirements are covered by collateral of different kinds.
The course is held at Nasdaq Stockholm, Tullvaktsvägen 15.