Clearing & Settlement AccountsWe offer Members flexibility when setting up the pledge securities accounts and settlement accounts that are required for clearing membership. Members can choose to set up accounts at Clearstream Banking AG, Frankfurt, SIX SIS AG, Zürich or Euroclear UK & Ireland for settlement purposes, depending on the supported settlement location for a specific security. For Eurex Derivatives Clearing License holders, we require that Members maintain accounts with a European central bank (TARGET2) or Schweizerische Nationalbank (SNB) for the provision of funds in euro and Swiss francs and accounts with commercial banks for settling funds in foreign currencies.
1 The following payment banks are admitted for U.S. dollar (USD): Bank of America, Citibank N.A.,
Deutsche Bank Trust Company Americas (DBTCA), HSBC Bank USA N.A., JP Morgan Chase N.A.
2 The following payment banks are admitted for British pound (GBP): Barclays plc, Citibank N.A. (London branch), Deutsche Bank AG (London branch), JP Morgan Chase N.A., HSBC Bank plc, Royal Bank of Scotland plc 3 Cash clearing for delivery vs. payment (DvP) via CBF account 4 The settlement of physical deliveries in British as well as Irish securities will be carried out via Euroclear UK & Ireland (EUI).          |
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