Clearing is performed fully electronically through the state-of-the-art real-time clearing system of CCPA. All trades within the same ISIN, account category (agent or principal) and trading day are netted. Thus, only netted balances are settled. This process minimizes the number of settlement transactions as well as the risk exposure. Furthermore, it ensures efficient clearing up to international standards.

The clearing system offers a flexible account structure to the Clearing Members, thus enabling them to reach different granularity in the management of their position, margining, collateral and settlement accounts.

The clearing and risk management information is made available to the Clearing Members in different formats in near-real-time:

ISO Reporting (15022)

Margin & Collaterals

Open Position Statement

EOD Gross Trade Statements

Settled Position Statement