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- W2363669117 abstract "The regime of CCP,as an infrastructure in the futures market,was invented in response to the needs of addressing the market risks,and thus irreplaceable.Beyond the definition of seller to every buyer and buyer to every seller,CCP conveys the implication that they shall bear some characteristics and achieve some functions based on the capacity as a party to futures contracts.That CCP in China shall guarantee the performance of futures does not mean CCP is required to act as guarantors.The best option is to make CCP clear and settle futures transactions in die capacity of a party to the contracts.Though novation is not available in Chinese law,concurrent assignment of rights and delegation of obligations under a contract could be applied to explain CCP counterparty substitution in China." @default.
- W2363669117 created "2016-06-24" @default.
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- W2363669117 date "2015-01-01" @default.
- W2363669117 modified "2023-09-23" @default.
- W2363669117 title "CCP for Futures Market:Implication and Counterparty Substitution in China" @default.
- W2363669117 hasPublicationYear "2015" @default.
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