TRADExpress™ CCP Risk is a risk solution tailored for central clearing counterparties (CCPs). It provides a single-entry platform for risk and collateral management across all asset classes and instruments cleared by the CCP, be it OTC or exchange-traded.
TRADExpress CCP Risk enables CCPs to run multiple risk models in parallel, allowing for a gradual migration onto new and more sophisticated statistical approaches fit for today’s versatile array of centrally cleared contracts. This enables CCPs to reduce excessive margins while avoiding becoming a systemic risk to the financial industry.
The dynamic plugin framework for valuation and risk measure algorithms gives CCPs flexibility to rapidly test and introduce new models. The solution can be integrated with Cinnober’s TRADExpress RealTime Clearing solution or other clearing systems.