shall mean the risk arising from less than perfectly correlated movements between two or more assets or contracts cleared by the CCP.
eu/reg/2017/581
Article 6Denial of access by a trading venue based on operational risk and complexity#
A trading venue may deny an access request on grounds of operational risk and complexity arising from such access only if there is a risk of incompatibility of CCP IT systems and trading venue IT systems, impeding the trading venue to provide for connectivity between those systems.