The components of the information system of CCP stress testing

The study reviews the central counterparty (CCP) stress testing as a crucial financial market actor. Based on the analysis of a set of regulatory instruments stipulated for CCP activity, the research identifies the main objectives of CCP stress testing. Thus, stress tests demonstrate possible total CCP losses if the members fail to fulfill their obligations, face delays or are not in full compliance with them because of significant price changes on the financial market. Most of the documents reviewed include a list of principles to be followed by the stress testing system of the financial institution, but no tools are provided for carrying out stress testing procedures. The author proposes the concept of the information system for CCP stress testing. The study presents a component diagram that reflects the modules of the developed system and the relationship between them and describes the options of these modules.