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PDF Version

PDF Version


OSC STAFF NOTICE OF REQUEST FOR COMMENT

CDCC CANADIAN DERIVATIVES CLEARING
CORPORATION

AMENDMENTS TO THE RULES AND THE RISK
MANUAL TO ADDRESS THE COLLATERAL
FRAMEWORK



The Ontario Securities Commission is publishing for public comment the proposed amendments to the Rules and Risk Manual of CDCC. The purpose of the proposed amendments are to revise the CDCC's list of eligible collateral and modify and introduce new limits pertaining to liquidity requirements, concentration limits and wrong way risk limits, in accordance with the CPSS-IOSCO Principles for Financial Market Infrastructure, which require that to manage its participants' credit exposure, a CCP should accept collateral with low credit, liquidity and market risks, and enforce appropriately conservative haircuts and concentration limits.

A copy of the CDCC notice is published on our website at http://www.osc.gov.on.ca.