Purpose of the Group  

The purpose of the Risk Advisory Group is to provide the Clearing Committee and the New Zealand Clearing and Depository Corporation Limited (NZCDC) Board with feedback from relevant stakeholders on major decisions in relation to the financial risk management framework of the Clearing House.  

The Group provides advice and recommendations to the Clearing Committee on the development of the financial risk management framework more specifically focused on the model as regulated under the following Financial Market Infrastructure Act Standards 

• Standard 4: Credit Risk 
• Standard 5: Collateral  
• Standard 6: Margin 
• Standard 7: Liquidity Risk 

The Group provides industry expertise and advice to NZ Clearing and represents the broader participant customer base. The Group is an advisory group and provides the Board non-binding advice and recommendations.  

Role of NZX Clearing  

NZX Clearing will contribute to the Group by providing areas of focus and issues of consideration for the Group to discuss and consult on in addition to providing feedback from the Board through written responses to the Group

Link to Members