Notice of Commission Approval – Material Amendments to CDCC Rules, Operation Manual and Risk Manual – Canadian Derivatives Clearing Corporation (CDCC)

Canadian Derivatives Clearing Corporation rule review
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In accordance with the Rule Protocol between the Ontario Securities Commission (Commission) and The Canadian Derivatives Clearing Corporation (CDCC), the Commission approved on April 21, 2015 the following amendments:

  • Procyclicality of margin;
  • Concentration risk;
  • Collateral framework;
  • Close-out period in the margin calculation;
  • Collateral haircut;
  • Additional margin for specific wrong-way risk;
  • Mismatched settlement; and
  • Intraday margin.

A copy of the CDCC notices was published for comment on December 04, 2014 on the Commission's website at: http://www.osc.gov.on.ca. No comments were received.