Repositories
Central Clearing Requirements
Central Clearing Requirements Information Repository
Abbreviations (International-International Organization of Securities Commissions)
(Last Updated: 23 November 2020)
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | Brokerage firms |
Definition: | Legal entities authorized to operate as such, pursuant to the Securities Market Law |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | CCIL |
Definition: | Clearing Corporation of India Limited |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | CCP |
Definition: | Central counterparty |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | Clearing rules |
Definition: | Securities and Futures (OTC Derivative Transactions - Clearing and Record Keeping Obligations and Designation of Central Counterparties) Rules |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | Conditional notional amount |
Definition: | The term “conditional notional amount” refers to notional amounts that can change over the term of a swap based on a condition established by the parties upon execution such that the notional amount of the swap is not a known number or schedule of numbers, but may change based on the occurrence of some future event. This term does not include what are commonly referred to as “amortizing” or “roller coaster” notional amounts for which the notional amount changes over the term of the swap based on a schedule of notional amounts known at the time the swap is executed. Furthermore, it would not include a swap containing early termination events or other terms that could result in an early termination of the swap if a clearing house clears the swap with those terms |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | Credit Derivatives Transactions/Swaps |
Definition: | Credit Default Swaps, Total Return Swaps, Credit linked Securities and any other Derivative Transaction or Structured Transaction in which the exercise of a right or the fulfilment of an obligation stipulated arises when an Event of Default takes place |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | Credit institutions |
Definition: | Legal entities authorized to operate as such in pursuant to the Credit Institutions Law |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | Derivative Transactions |
Definition: | Indistinctly to: (i) Future Transactions, Forward Transactions, Options Transactions, Swap Transactions, Credit Derivative Transactions, or any combination of these, as well as (ii) others that, in the given case, BdM authorises in terms of section 3.4 of the Rules |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | Entities |
Definition: | Credit Institutions, Brokerage Firms, and the Rural Financial Institution, jointly or separately |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | ESMA |
Definition: | European Securities and Markets Authority |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | Foreign Financial Entities |
Definition: | Those authorized to operate as financial entities by the competent authorities of the countries in which they are incorporated |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | FSC |
Definition: | Financial Services Commission, Korea |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | Futures Transactions |
Definition: | Any contract, agreement, or transaction to purchase or sell an Underlying Asset at a future date executed in Recognized Markets, pursuant to which the parties agree to fulfil the respective obligations attributable to them. The former, at the price agreed for said Underlying Asset on the transaction date |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | HKMA |
Definition: | The Hong Kong Monetary Authority |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | JFSA |
Definition: | Financial Services Agency, Japan |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | JSCC |
Definition: | Japan Securities and Clearing Corporation |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | Jurisdictions of Canada |
Definition: | Alberta Securities Commission, British Columbia Securities Commission, The Manitoba Securities Commission, Financial and Consumer Services Commission, Office of the Superintendent of Securities Service Newfoundland and Labrador, Office of the Superintendent of Securities, Nova Scotia Securities Commission, Nunavut Securities Office, Ontario Securities Commission, Office of the Superintendent of Securities, Autorité des marchés financiers, Financial and Consumer Affairs Authority of Saskatchewan, Office of the Yukon Superintendent of Securities |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | KRX |
Definition: | Korea Exchange |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | LC |
Definition: | Corporation licensed under the SFO |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | MAS |
Definition: | Monetary Authority of Singapore |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | ODRG |
Definition: | OTC Derivatives Regulatory Group. The ODRG includes Principals of the following regulatory authorities with responsibility for regulation of over-the-counter (OTC) derivatives markets: the Australian Securities and Investments Commission, the Brazilian Comissao de Valores Mobiliarios, the European Commission, the European Securities and Markets Authority, the Hong Kong Securities and Futures Commission, the Japanese Financial Services Agency, the Ontario Securities Commission, the Autorité des marchés financiers du Québec, the Monetary Authority of Singapore, the Swiss Financial Market Supervisory Authority, the US Commodity Futures Trading Commission, and the US Securities and Exchange Commission |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | Option Transactions |
Definition: | Transactions in which the buyer, through the payment of a premium to the seller, acquires the right, but not the obligation, to buy, sell, or receive a specific amount, in one or various future dates, one or various Underlying Assets, and the seller commits to sell, buy, or deliver a determined amount, as the case may be, at the agreed price or the result of the variation in the value of such Underlying Assets |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | Optionality |
Definition: | Examples of interest rate swaps that contain optionality include swaptions and swaps with embedded options |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | OSC |
Definition: | Ontario Securities Commission |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | PBoC |
Definition: | The People's Bank of China |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | RBI |
Definition: | Reserve Bank of India |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | Rules for Derivatives Transactions |
Definition: | The Rules for derivatives transactions (Circular 4/2012) issued by BdM |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | Rural Financial Institution |
Definition: | The decentralized agency of the Federal Public Administration regulated in the Organizational Law of the National Agriculture, Rural, Forestry and Fisheries Sectors Development Bank (Ley Orgánica de la Financiera Nacional de Desarrollo Agropecuario, Rural, Forestal y Pesquero). |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | SFC |
Definition: | Securities and Futures Commission of Hong Kong |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | SFO |
Definition: | Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | SHCH |
Definition: | Shanghai Clearing House |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | SHCP |
Definition: | The Ministry of Finance, Mexico |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | Standardized Derivative Transactions |
Definition: | Those dervative transactions determined by BdM. Currently Swap Transactions pursuant to which one of the parties commits to carry out payments denominated in pesos, in periods of 28 days or in those that substitute them in case of non-business days, of an amount calculated as the result of applying an agreed fixed interest rate to a determined amount, not able to be amortized, and the other party commits to make payments, in the same periods, of amounts denominated in the same currency, equal to the result of applying the TIIE to the same amount that may not be amortized, and whose minimum tenor of the Swap Transaction is greater or equal to 56 days and the maximum tenor less than or equal to 30 years |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | Swaps Transactions |
Definition: | Any contract, agreement, or transaction in which the parties agree to exchange between them, in future dates or during a given period, cash flows, calculated based on the value of one or more fixed rates or on the level of other interest rates or of any other concept, as well as in the value of foreign currencies, commodities, securities, instruments, or indexes |
Authority: | International-International Organization of Securities Commissions |
Jurisdiction: | International |
Abbreviation: | TIIE |
Definition: | Interbank Equilibrium Interest Rate published by Banco de México (BdM) |