Central Counterparty

Central Counterparty — An entity that interposes itself between counterparties to cleared trades and manages resulting exposures.

Why Central Counterparty matters in finance

A CCP concentrates risk management and can become systemically important to market continuity.

Security is also a market-infrastructure question

In financial services, central counterparty should be understood in relation to operational continuity, data integrity, payments, market infrastructure and interconnected dependencies. A control can be technically effective while still leaving material resilience risk if critical services cannot continue or recover during disruption.