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Position Account Structure and Transaction Accounts Group

Position Account Structure and Transaction Accounts Group

Position Account Structure

Eurex Clearing will maintain Clearing Member's Own Accounts as well as at least one NOSA Direct Client Account for each Clearing Member. For NCMs/RCs, Own Accounts and one NOSA Indirect Client Account are available. On request of the Clearing Member Eurex Clearing establishes the Specified Client Account, GOSA Indirect Client Account as well as additional NOSA Direct Client Accounts or NOSA Indirect Client Accounts.

Transaction Accounts Groups

Position accounts will be combined in certain groups for porting and close-out purposes per clearing model. Specified Client (SC) Accounts Groups and NOSA Transaction Accounts Groups are based on the information provided by the Clearing Member.

 

Proprietary Transaction Accounts Group

All Clearing Member Own Accounts together form part of this transaction accounts group.

NCM/RC Transaction Account Group

This accounts group consists of NCM/RC Own Accounts and one or more indirect client accounts (relating in each case to positions of the clients of the particular NCM/RC.

Specified Client (SC) Transaction Accounts Group

This accounts group consists of one Specified Client (SC) Account and one or more indirect client accounts (relating to positions of the clients of the particular Specified Client).

NOSA Transaction Accounts Group

This accounts group consists of one NOSA Direct Client Account (containing transactions of two or more Undisclosed Direct Clients) and one or more indirect client accounts (relating to transactions of the clients of these Undisclosed Clients).