International cooperation

The European Association of CCP Clearing Houses (EACH)

Warsaw Commodity Clearing House (IRGiT) has been EACH member since 1 April,11. Such privilege is a testimony that the House meets the safety and clearing standards presented – among others – in CPSS-IOSCO Recommendations. Joining EACH enabled IRGiT to cooperate with the best experts on the field of clearings, settlement as well collateralization in Europe.

Since becoming EACH member, the representatives of IRGiT participate in the General Meeting, meetings, telephone conferences as well as work in the following committees:

  • Risk Committee
  • Policy Committee
  • Legal Committee

IRGiT is actively involved in the consultations of the European regulations relating to clearing houses’ activities.

IRGiT actively participates in the work of EACH including recognition bank guarantees as collateral, the review of EMIR Regulations, stress tests standards and involving clearing houses’ funds in the clearing securing system.  In May 2015 IRGiT hosted EACH Risk Committee meeting.

The European Association of CCP Clearing Houses (EACH), was founded in 1992. Its aims are to discuss and analyze technologies and developments as well as legal and regulatory issues related to central counterparty clearing. EACH represents 21 members. Its participants are senior executives specializing in clearing and risk management from European CCPs, representing both EU and non-EU. Current activities involve addressing a number of issues regarding OTC derivative clearing, as well as working with the European Securities and Markets Authority (ESMA), European Banking Authority (EBA) and national supervisory authorities on the European Market Infrastructure Regulation (EMIR) and the proposed Capital Requirements Directive (CRDIV) on CCP exposures.
More about the EACH on website: www.eachccp.eu

 

Association of Futures Markets
On 12 December 2018 the Warsaw Commodity Clearing House (IRGiT) became a member of the Association of Futures Markets (AFM).
Association of Futures Markets (AFM) is an organization bringing together commodity exchanges and clearing houses, established in 1998. The prime objective of the Association is to promote and encourage the establishment of new derivative markets and to support their development and competition in such markets. AFM is an international platform for exchange of experiences and best practices between commodity and financial exchanges and clearing houses across the globe.
More about the AFM on website: www.afmorg.net