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.
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Cash Account
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Pledged Securities Account
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Settlement Account
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| FSE/Xetra® international Market Clearing License
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TARGET2 account of a European central bank or
Swiss Interbank Clearing AG account (EUR; optional for Swiss Clearing Members)
| Clearstream Banking AG, Frankfurt or SIX SIS AG, Zürich |
Euroclear Belgium,
Euroclear Finland,
Euroclear France,
Euroclear Netherlands,
Iberclear (Spain),
Monte Titoli (Italy), Euroclear UK & Ireland,
Oesterreichische Kontrollbank AG (Austria),
Interbolsa (Portugal),
VPC AB (Sweden),
VP Securities Services (Denmark)
VPS (Norway)
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