Clearing & Settlement Accounts
We 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 either Clearstream
Banking AG, Frankfurt or SIS SegaIntersettle for settlement purposes.
For Eurex Derivatives Clearing License holders, we require that Members maintain accounts with an
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.
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Clearing Licenses
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Currency
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Settlement Account
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Pledged Securities Account
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Cash Account
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Derivative Clearing License
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EUR
CHF
USD
GBP
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CBF or SIS
CBF or SIS
CBF3
(EUI)4
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Clearstream Banking AG Frankfurt (CBF) or
SegaInterSettle Zurich (SIS)
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TARGET2 account of an european central bank (EUR) or
Swiss Euro Clearing Bank account (EUR; optional for Swiss Clearing Members)
Schweizerische Nationalbank (CHF)
Payment banks for U.S. dollar (USD)1
Payment banks for British pound (GBP)2
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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 external account
4 There are only GBP derivatives with cash settlement at the moment. The settlement of the planned
physical delivery of British equity options will be carried out via Euroclear SA/NV UK and Ireland (EUI).
