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Position Account Structure and Transaction Accounts Group

Position Account Structure and Transaction Accounts Group

Position Account Structure

Eurex Clearing will maintain a Clearing Member's Own Accounts as well as at least one account for its Undisclosed Direct Clients (NOSA Direct Client Account) for each Clearing Member offering client clearing. For DC Market Participants / Indirect Client Market Participant and Disclosed Direct Clients set-up in the systems of Eurex Clearing with a Member ID, Own Accounts and one account for the clients of such Direct Disclosed clients (NOSA Indirect Client Account) are available if client business is permitted. Eurex Clearing establishes accounts for Direct Disclosed Client (not set-up with a Member ID) as A-accounts of the Clearing Member and additional indirect client accounts as NOSA and GOSA as well as additional NOSA Direct Client Accounts when requested by the Clearing Member.

Transaction Accounts Groups

Position accounts will be combined in certain groups for porting and close-out purposes per clearing model. Accounts groups are based on the information provided by the Clearing Member. Per default Eurex Clearing will combine transaction accounts available under the Direct Disclosed Client, setup with a Member ID, into the respective accounts group under the respective Member ID.


Proprietary Transaction Accounts Group

All Clearing Member Own Accounts together form part of this transaction accounts group.

DC Transaction Account Group

This accounts group consists of one DC Own Account and any other Transaction Account linked to this DC Own Account, which may include one or more DC Own Accounts relating to the same Disclosed Direct and/or one or more Indirect Client Accounts.

ISA Transaction Accounts Group

All ISA Transaction Accounts of a Clearing Member relating to a particular Disclosed Direct Client under the ISA Provisions (including the indirect client transaction account) shall form a separate group of Transaction Accounts.

NOSA UDC Transaction Accounts Group

This accounts group consists of one NOSA Direct Client UDC Account (containing transactions of two or more Undisclosed Direct Clients) and one or moreany indirect client accounts (relating to transactions of the clients of these Undisclosed Clients).