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Finding the right degree of segregation

Finding the Right Degree of Segregation

Our Segregation Models

In order to be able to accommodate the different regulatory requirements and client priorities, Eurex Clearing offers a broad variety of segregation models. Our client segregation offering supports both omnibus clearing segregation (OSA) and individual segregation (ISA). We also support distinct memberships for clients that would like to become direct participants of the CCP which include ISA Direct Membership, Direct Clearing Membership and General Clearing Membership.

Since the segregation models each have different considerations, some important questions to consider while choosing the ideal model are.

For Clearing Members:

  • Does your business include client clearing?
  • What type of clients do you support?
  • What type of operational arrangements (such as position and collateral accounts) would be required?
  • What type of collateral protection would be utilised? (value/specific asset)

For Clients:

  • Is fellow customer risk acceptable for you or your clients?
  • What type of collateral protection would be utilised? (value/specific asset)
  • How important is portfolio margining?
  • Would you like to be disclosed to the CCP?

 

Eurex Clearing offers a variety of segregation models to address the needs of different client types