Clearing fund

Each participating clearing member is obligated to deposit the clearing collateral and, in addition, to contribute the specified amount to the clearing fund maintained by CCP.A. The exact amount is specified in the Rules and Regulations.

• GCMs EUR 5,000,000.00
• DCMs EUR 1,000,000.00

The amount is reduced in case the member clears and settles only CCP-eligible transactions in securities (cash market).

• GCMs EUR 250,000.00
• DCMs EUR 50,000.00

The specified amount must be supplied to the CCP.A in the form of a euro cash deposit or a bank guarantee, and shall serve exclusively to cover open liabilities in the event of default that cannot be covered fully by the own clearing collateral or the amount contributed to the clearing fund by the defaulting party.