The Bank for International Settlement’s CPMI (Committee on Payments and Market Infrastructure) and the IOSCO (International Organization of Securities Commissions), which lead the development of international standards and policies on payment and settlement, recommend CCPs to make relevant information public via the websites. The purpose of the disclosure is to help the public as well as the market participants find the up-to-date information on financial status, settlement resources and risk management system of the CCP, and make use of the information to determine whether the CCP is able to absorb potential loss from a default of a participant (clearing member) and for the investment decisions.
For this purpose, in February 2012, the international organizations published and continue to update the Public Quantitative Disclosure Standards for CCPs, which is the guideline on quantitative information disclosure with which each country’s CCP including the KRX, should comply.
(For more information, refer to: http://www.bis.org)