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 SIS SegaIntersettle for pledge securities accounts. For settlement purposes, Members have the choice of Clearstream Banking AG, Frankfurt, Clearstream Banking SA, Luxembourg, Euroclear SA/NV Bank and/or SIX SIS AG.

Settlement of GC Pooling transactions are accomplished in Clearstream Banking AG.

	Cash Account	Pledged Securities Account	Settlement Account
Eurex Repo Clearing License	TARGET2 account of a European central bank (EUR) or Swiss Interbank Clearing AG account (EUR; optional for Swiss Clearing Members)	Clearstream Banking AG, Frankfurt or SIX SIS AG, Zürich (SIS)	Clearstream Banking AG Frankfurt, Clearstream Banking SA, Luxembourg Euroclear Bank SA/NV and/or SIX SIS AG