Delivery Management

Clearing services are offered in three different service levels:

The Basic Net Service comprises following key features

• Processing of netted transaction on gross basis
• Support of PoA instruments
• (Partial) Block / (Partial) Release of trades prevent or generate settlement instructions according to stock availability

The Extended Net Service allows to include the trade date netted position into our regular actual settlement day netting and therefore to increase netting efficiency.

With our Full Service we offer our Members a variety of delivery management functionalities from which to choose:

• Default settings: Setup requirements like block/release, gross or net processing
• Inquiry of trades: Different filters allow a flexible inquiry of trades
• (Partial) Block / (Partial) Release of trades prevent or generate settlement instructions according to stock availability
• Linking of trades allow the participants to design the setup of the settlement netting unit as sell and buy trades can be assigned each other
• Mark trades for gross/net processing: the default of gross or net processing can be changed on single trade basis
• Inquiry of settlement forecast and result information offers participants to prepare cash and stock disposition before the booking and also provide the booking results