ATHEXClear Certifications

Each member wishing to have access to the Securities and derivatives clearing systems of ATHEXClear must employ personnel that hold the appropriate professional qualifications, as follows:

 SECURITIES CLEARING SPECIALIST CERTIFICATE (SCSC) - SCSC Certificate relates to the duties of a Certified Securities Clearer of a Clearing Member of the ATHEXClear Securities System

 DERIVATIVES CLEARING SPECIALIST CERTIFICATE (DCSC) - DCSC Certificate relates to the duties of a Certified Derivatives Clearer of a Clearing Member of the ATHEXClear Derivatives System

Certification exams are conducted by ATHEX Group at least once a year. They are written exercises in multiple choice form. Exam duration is 120 minutes for each certificate and candidates must answer correctly at least sixty per cent (60%) of the questions.

Candidates to be able to participate in the exams must meet all of the following requirements:

  1. are at least 18 years old
  2. meet the minimum personal reliability standards as these are laid down in the relevant provisions of Resolution 3/505/3.4.2009 of the BoD of the Capital Market Commission on certification of professional qualifications regarding the provision of investment services, as in force.
  3. have paid the fees in favor of the ATHEXClear (€150)

Exams syllabus
The syllabus for the SCSC and DCSC certification examinations relates to Regulations, the Securities and Derivatives Systems and other issues concerning transactions on ATHEX and transaction-related systems, especially the DSS managed by the Central Securities Depository SA. The contents of the syllabus for the ATHEXClear certifications are as follows:

 

 SECURITIES CLEARING SPECIALIST CERTIFICATE (SCSC)
  Α. Rules & Regulations Β. Special Issues
 
  • Regulation of Clearing and Settlement of Transferable Securities Transactions in Book Entry Form
  • AthexClear Resolutions related to Securities and Repos markets
  • DSS Regulations
  • ATHEXCSD Resolutions related to Securities and Repos markets
  • ATHEX Exchange Rulebook
  • ATHEX Resolutions related to Securities
  • Indices Rules
  • Dematerialized Securities System (DSS): Securities Clearing System, Risk Management & Settlement
  • Clearing Members-Custodians & Access to DSS
  • Basic Principles-DSS Concepts: Securities Clearing Model, Risk Management & Settlement
  • Shares and Securities Account
  • Clearing Members
  • Clearing Fund & Risk Management
  • Clearing and Settlement Accounts
  • Transaction Clearing & Settlement Procedures
  • Principles of Transaction Settlement: Types of Settlement
  • Corporate Actions / Pledges
  • Transfers
  • Fees
  • Common Platform: Access & Trading
  • Χ-ΝΕΤ Services: Risk Management, Investor CSD
  • BBTS / STEP: Access & Operating Model
  • Basic Principles of the ATHEX Securities Market & the Market Model

 

 

 DERIVATIVES CLEARING SPECIALIST CERTIFICATE (DCSC)
  Α. Rules & Regulations Β. Special Issues
 
  • Regulation of Clearing and Settlement of Transactions on Derivatives
  • AthexClear Resolutions related to Derivatives and Repos markets
  • ATHEXCSD Resolutions related to Derivatives and Repos markets
  • ATHEX Exchange Rulebook
  • ATHEX Resolutions related to Derivatives
  • Indices Rules
  • Dematerialized Securities System (DSS): Derivatives Clearing System, Risk Management & derivatives Settlement
  • Clearing Members-Custodians & Access to DSS
  • Basic Principles-DSS Concepts: Derivatives Clearing Model, Risk Management & Settlement
  • Shares and Derivatives Account / Derivatives Market Position Account
  • Clearing Members
  • Clearing Fund & Risk Management
  • Clearing and Settlement Accounts
  • Transaction Clearing & Settlement Procedures
  • Principles of Transaction Settlement
  • Common Platform: Access & Trading
  • Basic Principles of the ATHEX Derivatives Market & the Market Model

 

Information - Contacts
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