To enhance clearing participants’ existing access and for ease of reference to CCPs’ disclosures, CCP Global officially has announced the release of the QATL template.
This document provides a series of links to CCPs’ rulebooks and disclosures in accordance with CCP Global’s template format the ”QATL template”.
The information contained in this document will be compiled by the CCP for general informational purposes in order to enhance the accessibility of information from a CCP’s documents.
While some relevant CCP rules may be discussed, hyperlinked to or referred to in the QATL template, all matters and information provided is subject to, and superseded by, the specific CCP’s rules and disclosures.
It is advised that the current versions of the CCP’s rules and disclosures should always be consulted and are those that should be relied upon by the CCP’s participants.
The QATL template is a result of ongoing discussions with market participants and includes direct hyperlinks to disclosures such as those covering non-default losses, the CCP’s default waterfall/end of waterfall actions, clearing member approval and oversight, the CCP’s Public Quantitative and Qualitative disclosures (the PFMIs), margin add-ons and antiprocyclicality measures, as applicable.
The document aims to support existing documentation and disclosures by being a gateway to the already well-established availability of CCPs’ disclosures, rules and other CCP resources.
CCP Global plans to host on its website a set of hyperlinks to the respective QATL documents of its members. While some CCP Global members have already published their QATL template documents, other members are in the process of completing them, and once completed will be added to the hyperlinks on our website.
“The QATL template is a result of ongoing engagement with market participants and will serve as a vital gateway resource for enhancing the direct access to existing CCP disclosures on topics which have been frequently requested. We hope this will further benefit market participants” said Rishi Nagar, Data Lead & PQD Transparency at CCP Global.
Source: CCP Global
