Nodal Clear is a Derivatives Clearing Organization (DCO) pursuant to the Commodity Exchange Act and is regulated by the CFTC. As a Subpart C DCO, Nodal Clear has elected to be subject to the enhanced regulatory requirements of Subpart C of Part 39 of the CFTC’s Regulations, which are consistent with the CPMI-IOSCO Principles for Financial Market Infrastructures. Nodal Clear provides central counterparty clearing services to Nodal Exchange and Coinbase Derivatives Exchange. Through the novation process, the clearing house becomes the buyer to every seller and the seller to every buyer, significantly reducing the credit risk exposure of market participants. Nodal Clear’s strong risk management practices create a sound market infrastructure for trading. Nodal Clear employs a tailored portfolio margining methodology that appropriately margins contracts and provides capital efficiencies to market participants. Further information is available at
www.nodalclear.com
