Clearing is a crucial process in trade operations. Clearing is applied in case of exchange-trading, although OTC deals can also be cleared. How clearing works and what it concerns is set out in this course. The roles of various parties is described, amongst which are central counterparties and (general) clearing members.

This course covers the following videos:

1. Counterparty risk
2. Master agreement
3. Credit risk management
4. What is clearing?
5. Clearing activities
6. Novation
7. Central counterparty clearing
8. OTC-cleared
9. Central counterparty
10. Clearing members
11. Brokers
12. Default fund
13. Side-effects of central clearing – Static effects
14. Side-effects of central clearing – Dynamic effects
15. Side-effects of central clearing – Second round effects


Our Labels

Entrima and Market Abuse Centre (MAC) are the two labels we operate to provide learning services for professionals in the commodity & energy markets.

Content & Context

Entrima’s mission is to transfer knowledge regarding the business, controls & operations of parties in (or relating to) the wholesale markets.

Conduct & Culture

MAC’s mission is to facilitate the prevention & detection of misconduct and to foster proper behaviour in organisations. This is achieved via training, periodic updates and increased awareness.