Stock Exchange Members who take part as participating Clearing Members in the clearing system of CCP.A must deposit collateral with OeKB as the clearing bank for securing the clearing risk.

The collateral requirements are calculated on the basis of the balance of open trades and risk factors
(Margin Calculation Methodology).

Margin Calculation for the Cash Market 

Stock Exchange Members, who act as Direct Clearing Members in the clearing process, deposit margins defining CCP Austria as beneficiary. The margin requirements are calculated on the basis of the balance of open trades and take the risk factors into account.

Risk factors:

Bonds 0,095
Funds0,10
Certificate0,35
Rights/Subscription rights0,10
Warrants0,9999

 

For shares, participations, certificates and ETF's  risk factors are calculated daily.

Automatic monitoring ensures that the value of the margin deposited corresponds to the calculated clearing risk. Thus, CCP. A guarantees the complete coverage of the current clearing risk without tying up liquidity unnecessarily.