Updated Regulation EuroCCP Investment Policy

EuroCCP is pleased to announce that it has updated its Regulation EuroCCP Investment Policy (REIP).

The changes have been approved in accordance with the requirements of the Regulation and relate to the following:

  • A haircut will be taken in line with perceived risks when collateral in the form of securities is received
  • Clarification that, for the purposes of obtaining liquidity, EuroCCP may obtain short term financing from defined Credit Institutions or Central Banks. For this purpose, EuroCCP may use collateral provided by the Clearing Participants as collateral with these liquidity providers.
  • Clarification that EuroCCP may use cash provided by Clearing Participants as collateral for the purposes of making payments, in accordance with the provisions of EMIR.
  • EuroCCP shall hold cash overnight with Credit Institutions and shall ensure that such holdings are collateralised for not less than 95 percent, calculated over an average period of one calendar month (rather than collateralising by 102% on a daily basis), to align with EMIR requirements.

A track changes version of the Regulation is available.

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Regulation EuroCCP Investment Policy

Tracked changes - version November 2018