Existing clearing members are able to easily extend their current clearing licenses to include the ISA Direct or the ISA Direct Indemnified Model. If they are already an OTC IRD or Repo General Clearing Member then they may also become a Clearing Agent for those markets by following the below steps.
Extending your existing licence by
entering, i.e. signing a new clearing agreement with Eurex Clearing and the ISA Direct Member (IDCM) / ISA Direct Indemnified Clearing Member (IDICM).
In case securities are considered to be pledged as margin collateral with respect to an IDCM/IDICM additionally a new pledge agreement needs to be signed.
