Clearing is now generally accepted as a securities risk management process that offers various benefits:
Clearing is supported by a clearing house or central counterparty (CCP) with the aim of avoiding unnecessary payments between banks by netting trades and settling only any remaining balances.
- post-trade anonymity
- the elimination of counterparty risk and the
- ability to support multi-lateral netting.
SIS x-clear AG and LCH Ltd provide the SIX Swiss Exchange with clearing and risk management services.