Our ISA Direct Light Model allows clients to directly clear GC Pooling Reverse Repo transactions (Secured Funding) using a centrally CCP cleared framework tailored specifically for the buy side and further reflecting the characteristics of secured funding transactions.
Buyside clients who onboard under the ISA Direct Light model are called ISA Direct Light License Holders.
Eurex Clearing requires the proof of the applicant's participation requirements to become an ISA Direct Light License Holder as follows:
The following provisions are not applicable to holders of an ISA Direct Light License Holder
