Infrastructure that is very often a component of a clearinghouse, and facilitates clearing and settlement for its members by standing between the buyer and the seller of a trade. It may net transactions, and substitutes itself as a settlement counterparty to each position.
Data from ISO specification
This is the technical data from the specification document.
<businessRole
xmi:id="_PTe2R9p-Ed-ak6NoX_4Aeg_993089105"
name="CentralCounterparty"
definition="Infrastructure that is very often a component of a clearinghouse, and facilitates clearing and settlement for its members by standing between the buyer and the seller of a trade. It may net transactions, and substitutes itself as a settlement counterparty to each position."
registrationStatus="Registered"
xmlns:xmi="http://www.omg.org/XMI">
<semanticMarkup
xmi:id="_ho9JdQ5lEeO42pgjaJ50lw"
type="BUSINESSCOMMENT">
<elements
xmi:id="_ho9Jdg5lEeO42pgjaJ50lw"
name="comment"
value="Controls the Custody activities for one market." />
</semanticMarkup>
<semanticMarkup
xmi:id="_ho9Jdw5lEeO42pgjaJ50lw"
type="ADMINCOMMENT">
<elements
xmi:id="_ho9JeA5lEeO42pgjaJ50lw"
name="comment"
value="Controls the Custody activities for one market." />
</semanticMarkup>
</businessRole>