Сentral Counterparty National Clearing Centre , a subsidiary of Moscow Exchange Group, is a member of the CCP12 (Global Association of Central Counterparties–CCP12) and the European Association of Central Counterparty Clearing Houses – EACH.
CCP12 was founded in 2001; it combines 35 members representing central counterparties (CCP), operating in the financial markets of Americas, Europe, Asia, and Africa. CCP12 focuses on discussion of such issues as formulation of clearing standards, risk management, harmonization of regulation; it also approves the world's best practices in these fields to popularize the same. NCC became member of CCP12 in September 2011.
EACH, which consists of 19 members, was founded in 1991 by the leading European clearing houses in order to arrange professional dialogue between the European central counterparties on the issue of development of the clearing activity with the CCP function and its standards, to share the most advanced practices, and to interact with regulators, specialized associations and financial market institutions.
EACH tackles important CCP development issues in order to increase its role as guarantor of financial market stability. NCC was admitted to EACH as а member in October 2009.
NCC’s participation in CCP12, just as its membership in EACH, enables NCC’s active participation in professional discussions on CCPs’ regulation and standards development. It also provides good opportunity for the popularization in the Russian financial market of the global expertise in clearing services, risk management.