CCP Global History
CCP Global, formerly known as CCP12, was formed in 2001 by major central counterparty organizations in Europe, Asia, and the Americas to share CCP-related information and develop analyses and policy standards for common areas of concern.
In 2008, CCP12 held its Annual Meeting in Tokyo and strengthened its global collaboration by establishing an Executive Committee to govern its agenda.
In 2015, the General Assembly decided to register CCP12 as an official association in Shanghai, China, where the first official CCP12 office was opened in 2017.
In 2022, the Executive Committee announced the opening of a second office in Amsterdam, the Netherlands.
At the 2023 Annual General Meeting in Bangkok, members approved a rebranding initiative to reflect the organization's evolving global role. As a result, CCP12 was rebranded to CCP Global to underscore the association's ongoing commitment to enhancing collaboration and innovation among central counterparties worldwide.
CCP12 was formed in 2001 by 12 CCPs in Europe, Asia, and the Americas to share CCP-related information, best practices, and to develop analyses and policy standards for common areas of concern amongst the financial industry.
The CCP12 Tokyo Conference further endorsed collaboration and reaffirmed the critical role that CCPs continue to play in effectively managing and minimising systemic risk within the global financial markets, especially at times of market crisis, and their significant role in jointly supporting crossborder investment. CCP12 agreed to form an Executive Committee to govern the global agenda. The Executive Committee consists of one representative from each of the CCP12 members.
At the CCP12 AGM in Singapore, it was agreed to register CCP12 as a non-profit organization in Shanghai, China, and to begin preparations to open the first official CCP12 office.
The CCP12 Founding Conference was successfully held in Shanghai with Mr. TU Guangshao (Executive Vice Mayor of Shanghai), Mr PAN Gongsheng (Deputy Governor, People’s Bank of China), Mr WANG Hongzhang (Chairman, Board of Directors, CCB), Mr Timothy Massad (Chairman, CFTC), Mr Lee Betsill (CCP12 Chairman, CRO, CME Clearing). The CCP Summit Forum, held on the same day, provided a valuable opportunity for participants to communicate with each other and strengthen international communication and cooperation.
The opening ceremony of the CCP12 Shanghai office was successfully held. Mr PAN Gongsheng (Deputy Governor, People’s Bank of China), Mr Lee Betsill (CCP12 Chairman, CRO, CME Clearing), Mr Robert T. Cox (Vice President, Financial Markets Group, Federal Reserve Bank of Chicago), Ms HUANG Ru (Deputy Director – General Bureau or Management of Social Organizations, Ministry of Civil affairs), Mr YU Beihua (Deputy Secretary – General of the Shanghai Municipal Government) took part in the event.
The CCP12 entity was officially opened in Amsterdam and registered as a Dutch non-profit association. The Amsterdam office serves as the association’s European hub, further strengthening its global presence and support for its members.
During the 2023 AGM in Bangkok, members approved a rebranding initiative, adopting the new association name CCP Global. The full official name remains ‘The Global Association of Central Counterparties’. The former name, CCP12, reflected the original core group of twelve central counterparties that established the association in 2001. The rebranding to CCP Global signifies the association’s enduring commitment to fostering collaboration and innovation among central counterparties on a global scale.