How is NECC financially backed and how does that apply to NECC’s market positions?
NECC’s financial statements are available to prospective and existing clients upon signing of a confidentiality agreement. Like other Clearinghouse type entities, NECC’s creditworthiness is supported by its risk management policies and practices which operate to maintain a fully secured portfolio. These policies are designed to equate to a minimum A rated entity. NECC can also provide additional detailed information as to its risk management policies and procedures.
Related Questions
- When the CSD of reference is in a different place than the market of reference, the SIF on the market of reference reports some positions to settle on another market place, why?
- Why are the prices and market values of my option positions not displayed in Money Investment Transaction Screen?
- How is NECC financially backed and how does that apply to NECC’s market positions?
