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Regulation (EU) No 648/2012 Article 40

Exposure management

Article 40

A CCP shall measure and assess its liquidity and credit exposures to each clearing member and, where relevant, to another CCP with which it has concluded an interoperability arrangement, on a near to real-time basis. A CCP shall have access in a timely manner and on a non-discriminatory basis to the relevant pricing sources to effectively measure its exposures. This shall be done on a reasonable cost basis.

Read the full instrument → · Read this in context: CHAPTER 3 — Prudential requirements →

Other provisions in CHAPTER 3 — Prudential requirements

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 40 of Regulation (EU) No 648/2012 (LawPlayer, data as of 2026-07-04)

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