Clearing Clients are participants who do not maintain their own contractual relationships with CCP.A and use the services of a Clearing Member for the clearing and separate processing of its transactions.
Non-Clearing Members (NCM)
are Exchange Members that have joined the trading system but are not Clearing Members and do not take part directly in clearing.
Registered Clients (RC)
are Companies in the meaning of Article 2 point 15 EMIR, which are neither Exchange Members nor Clearing Members and are registered separately as Clients of Clearing or Non-Clearing Members with CCP.A.