Clearing

Clearing

Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange) has an arrangement with Eurex Clearing AG for the clearing of transactions executed on the Xetra® or the Börse Frankfurt (Frankfurt Stock Exchange) trading systems.

Eurex Clearing AG acts as the central counterparty (CCP), in other words as the buyer to all sellers and as the seller to all buyers, thereby minimising counterparty risk and enhancing operational efficiency.

Eurex Clearing AG supports customers in managing transactions, risks and collateral. It also enables settlement of the transactions through Clearstream Banking AG as well as a number of worldwide central security depositories (CSDs).

 

Clearing membership

Eurex Clearing AG issues the clearing licence that authorises a participant to act as a clearing member and clear transactions executed at the Frankfurt Stock Exchange.

Types of membership:

  • Non-Clearing Member (NCM) – assigns clearing of transactions conducted on the Frankfurt Stock Exchange to a clearing member
  • General Clearing Member (GCM) – entitled to clear principle business, direct agent business and business of NCMs
  • Direct Clearing Member (DCM) – entitled to clear principle business, direct agent business and business of affiliated NCMs.

Clearing services

Eurex Clearing AG offers a raft of customised service models for transactions executed at the Frankfurt Stock Exchange and settled through Clearstream Banking AG. They include:

Full Service

  • Management of the entire transaction cycle at the trading level (delivery management function; single-trade reporting)
  • Full trade lifecycle management at the trading level (delivery management function; single-trade reporting)
  • Actual settlement-date netting
  • Comprehensive value-added services

Extended delivery management

  • Trade-netting plus net-level position management (a combination of trade-date netting and actual settlement-date netting can be provided)

Basic net service

  • “Plain vanilla” trade-date netting
  • Scaled-back delivery management functionality
  • Best prices
  • Extended delivery management

Clearing fees

All clearing fees for transactions executed at the Frankfurt Stock Exchange are charged by the clearing house and are stated in the “Price List for Eurex Clearing AG”.

 

Additional Information

Market Status

XETR

-

-

Trading System experiencing issues

Trading System experiencing serious issues

Xetra newsboard

The Market Status Indicator displays the current technical availability of the trading system.

It indicates whether Xetra newsboard messages regarding current technical issues of the trading system have been published or will be published shortly.
We strongly recommend not to take any decisions based on the indications in the Market Status Indicator. Please always check the Xetra newsboard for comprehensive information.

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.