The Athens Exchange Clearing House SA (ATHEXClear), has been authorised as a Central Counterparty in accordance with Regulation (EU) No 648/2012 (EMIR) to offer clearing services for a number of financial products.
|Membership Access in Clearing Procedures
Clearing Member capacity can be obtained by a Credit Institution or an Investment Firm according to the definition provided in Law 3606/2007 and Directive 2004/39/EC of the European Parliament and the Council.
Members may act having their registered seat or establishment (branch) in Greece or remotely:
ATHEXClear Members are distinquished into two categories:
The Members' capacities are personal, non-transferable and may not be assigned to a third party.
|Conditions of Participation
The candidate Member provides:
The candidate Direct Clearing Member (DCM) must have own funds at least 700,000€.
The candidate General Clearing Member (GCM) must have own funds at least 3.000,000€.
The candidate Clearing Member in cooperation with Members Support & Network Management Unit proceeds to Node installation, DSS terminals or DSS API activation and tests its connectivity with ATHEXClear systems.
The above applications support the clearing and settlement of Cash and Derivatives markets.