MIR 4.7.15

The process referred to in Rule 4.7.14 must:

(a) enable a Recognised Clearing House to effectively measure, monitor, and manage its risks and exposures effectively;
(b) enable a Recognised Clearing House to identify sources of credit risk and routinely measure and monitor its credit exposures; and
(c) use appropriate risk management tools or margin and other prefunded financial resources to control the identified credit risks.