Risk Management Single Counterparty Credit Limit – SCCL
What is SCCL ? SCCL stands for Single Counterparty Credit Limit It is a regulation initiated by the FED in the US ( US Regulator ) The purpose of this regulation is to prevent excessive credit exposures of large banking organizations to a single counterparty SCCL requires daily reporting, breaches need to be escalated to senior management , and requires real time limit management and utilization numbers. Fed reporting for SCCL is done using a Fed template Good Reference Material…