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🔗 Back to Summary. 🇫🇷 French Version: 2012R0648EMIR1_FR.40. Open the PDF. Direct link to EUR-LEX.
Article 39 – Segregation and portability ⬅️ | ➡️ Article 41 – Margin requirements
Article 40 - Exposure management
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.