Nasdaq's CCP Clearing Technology is a comprehensive, real-time platform designed to meet the complex needs of central counterparty clearinghouses across multiple asset classes. It offers robust clearing, settlement, and risk management capabilities, enabling CCPs to operate efficiently and securely in today's dynamic financial markets. Key Features and Functionality: - Multi-Asset Clearing Capabilities: Supports a wide range of asset classes, including exchange-traded cash and derivatives instruments, over-the-counter derivatives, stock lending, and repo transactions. - Modular and Scalable Architecture: Features a flexible, modular design that allows CCPs to implement selected modules independently and scale operations according to business needs, accommodating both high-volume markets and low-footprint setups. - Real-Time Risk Management: Provides comprehensive risk and collateral management, real-time position keeping, and robust functionality for setting static and dynamic limits, ensuring proactive risk mitigation. - Cloud-Enabled Deployment: Offers the flexibility to operate fully in the cloud, in local data centers, or hybrid setups, optimizing deployment for cost-efficient, scalable, and resilient environments. Primary Value and User Solutions: Nasdaq's CCP Clearing Technology addresses the critical challenges faced by CCPs, including the need for operational resilience, scalability, and adaptability to evolving market demands. By leveraging globally recognized standards and a proven technology platform, it enables CCPs to build trust, facilitate client onboarding, and reduce operational costs. The platform's comprehensive risk management tools enhance market stability and support efficient decision-making, while its modular architecture allows for rapid adaptation to new market opportunities and regulatory changes. Ultimately, Nasdaq's solution empowers CCPs to modernize their clearing operations, reduce complexity, and achieve greater capital efficiency.