QCCP

Qualifying central counterparty. A QCCP is defined under the Basel rules as an entity that is licensed to operate as a CCP and that is based and prudentially supervised in a jurisdiction where the relevant regulator has established rules and regulations for CCPs consistent with the CPSS-IOSCO Principles for Financial Market Infrastructures. Under the capital rules, a bank must determine whether a CCP is a “qualifying” CCP.