Exchange membership is a requirement to directly access the facilities of an Exchange, primarily its trading platform.
Key learning objectives:
To understand the difference between Clearing and Non-Clearing Members
To understand the relationship between Clearing members, Non-Clearing members and the Clearing House
The process of how trades are registered with the Clearing House and the responsibilities of the various market participants
The application and limits of Clearing House guarantees
Introduction to Interest Rate Swaps and Use Cases
David Leeming • 17:58