Exchange membership

Clearing licenses

Admission to direct participation in the Clearing Process can take place as General Clearing Membership (GCM) or Direct Clearing Membership (DCM). Participation as a GCM or DCM requires the granting of the appropriate license, for which specific requirements must be fulfilled.

A General Clearing Member (GCM) may clear its own transactions, those of its customers, as well as those of trading participants which do not hold a Clearing License (–DC Market Participant). A Direct Clearing Member (DCM) is entitled to clear only its own transactions, those of its customers, and those of its 100 percent corporate affiliated exchange participants. Only a Clearing Member - GCM or DCM - may be a counterparty of Eurex Clearing AG in a transaction.

Companies may apply for one or more Clearing Licenses:

  • Eurex Derivatives Clearing License
  • Eurex Repo Clearing License
  • FWB® Equity Clearing License

Financial institutions located within the European Union or Switzerland which are authorized to operate custody business, credit operations and receipt of margin requirements by customers in the form of securities and cash may apply for a Clearing License at Eurex Clearing AG.

Clearing Members must comply to the minimum capital requirements of Eurex Clearing AG and contribute to the Clearing Fund. Appropriate clearing and settlement accounts and adequate back office installations are required for Clearing Members.



Market Status

XEUR

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message. 

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

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