central counterparty (CCP) link

What is central counterparty (CCP) link?

central counterparty (CCP) link definition and meaning on Finance terms:
An arrangement between two central counterparties (CCPs) that allows the provision of central counterparty services for trades performed by the participants of those two CCPs, without requiring those participants to become members of both CCPs. <


reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html