Clearing & Settlement Accounts

We offer Members flexibility when setting up 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 SIX SIS AG for pledge securities accounts. For settlement purposes, Members must themselves setup an account with the respective home-CSD of Belgium, Finland, France, Italy, Netherlands and Spain or use the account of a custodian.

	Cash Account	Pledged Securities Account	Settlement Account
FSE/Xetra® international Market Clearing License	RTGS account within the payment module at a central bank of the Euro system which participates in TARGET2 or an account at another central bank connected to TARGET2 or Swiss Euro Clearing Bank account (EUR; optional for Swiss Clearing Members)	Clearstream Banking AG, Frankfurt or SIX SIS AG	Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Netherlands, Iberclear (Spain), Monte Titoli (Italy)