Clearing

Services offered by CCP Austria

The clearing of security trades is the process of sending, netting and recording payments and securities instructions for the purpose of calculating the final positions and sending these to the clearing bank. Oesterreichische Kontrollbank AG (OeKB) has been instructed with the tasks of the clearing bank. The clearing bank is responsible for the settlement of instructions.

CCP Austria is responsible for clearing and settlement on all market segments of Wiener Börse AG.

• Cash market 

The cash market comprises the market segments equity market, bond market, structured products and other securities. The securities categories defined differentiate between domestic and foreign stocks, participation certificates, participation rights, subscription rights, bonds, certificates and warrants. Up to January 28, 2005, the settlement and clearing services on the cash market have been provided by Oesterreichische Kontrollbank AG within the framework of the clearing and settlement system of Wiener Börse AG (Arrangement).

• Derivatives market

Trading on the market segment  derivatives market.at includes stock options, index options, index futures and stock futures.

Settlement and clearing services for the derivatives market have been provided by the Clearing and Services Department of Wiener Börse AG up to January 28, 2005.