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With reference to the Central Counterparty Clearing house (CCP), consider the following statements:
1. A central counterparty clearing house (CCP) is an entity that helps facilitate trading in various European derivatives and equities markets.
2. A CCP is authorised by the RBI to operate in India under Payment and Settlement Systems Act, 2007.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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With reference to the Central Counterparty Clearing house (CCP), consi...
Recently, the European Union’s financial markets regulator European Securities and Markets Authority (ESMA) said it will withdraw recognition of six Indian clearing bodies or central counterparties (CCPs).
Central Counterparty Clearing house (CCP):
- A central counterparty clearing house (CCP) is an entity that helps facilitate trading in various European derivatives and equities markets.
- Typically operated by the major banks in each country, CCPs strive to introduce efficiency and stability into various financial markets.
- It reduces counterparty, operational, settlement, market, legal, and default risk for traders.
- A CCP acts as a counterparty to both sellers and buyers, collecting money from each, which allows it to guarantee the terms of a trade.
- CCPs perform two main functions as the intermediary in a market transaction
- clearing and settlement and
- guarantee the terms of a trade.
- A CCP is authorised by the RBI to operate in India under Payment and Settlement Systems Act, 2007.
Hence both statements are correct.
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With reference to the Central Counterparty Clearing house (CCP), consider the following statements:1. A central counterparty clearing house (CCP) is an entity that helps facilitate trading in various European derivatives and equities markets.2. A CCP is authorised by the RBI to operate in India under Payment and Settlement Systems Act, 2007.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the Central Counterparty Clearing house (CCP), consider the following statements:1. A central counterparty clearing house (CCP) is an entity that helps facilitate trading in various European derivatives and equities markets.2. A CCP is authorised by the RBI to operate in India under Payment and Settlement Systems Act, 2007.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Central Counterparty Clearing house (CCP), consider the following statements:1. A central counterparty clearing house (CCP) is an entity that helps facilitate trading in various European derivatives and equities markets.2. A CCP is authorised by the RBI to operate in India under Payment and Settlement Systems Act, 2007.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Central Counterparty Clearing house (CCP), consider the following statements:1. A central counterparty clearing house (CCP) is an entity that helps facilitate trading in various European derivatives and equities markets.2. A CCP is authorised by the RBI to operate in India under Payment and Settlement Systems Act, 2007.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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