Risk Management

Objectives of risk management

• Ensuring the integrity and functionality of the market
• Higher level of member protection 
• Minimization of risks by being counter party to every transaction (novation)

In order to ensure the fulfillment of all transactions, CCP Austria applies modern risk management methods. The risk management includes credit quality assessment, clearing collateral and the clearing fund. When calculating the collateral to be deposited, a clearing member's default risk is assessed. Should a clearing member fall into default with its trades pursuant to Clearing Rules Article 37 ff (except technical default), the default procedure and the realisation of collateral shall apply.

The risk management systems are fully integrated into the clearing systems.