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Clearing house for exchange traded dervis

B

Benjamin

Member
How does a clearing house make money and thus ensure it's own capital stability?

In the case of futures, there's no fee and margins don't provide 100% coverage. For options, premium goes to the other party and there's no mention of a fee/commission to the clearing house either.

So, is a clearing house a for-profit enterprise or e.g. just a government-backed operation just to ensure orderly markets etc.?
 
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