Examination

Clearer Test | Qualified Clearing Staff

Upon successful completion of the Clearer Test, the required qualification for registration as a "Qualified Clearing Staff" (QCS) in accordance with the Clearing Conditions of Eurex Clearing AG is obtained. A list of which further evidence is accepted for registration as a QCS can be found on the Eurex website.

Examination conditions

The test covers 60 questions from the subject areas:

  • Clearing conditions
  • Segregation models
  • Delivery management
  • Risk management
  • Collateral management
  • Default management process
The exam lasts 60 minutes. To pass, 75% of the maximum score must be achieved.
The conduct of the examination and the withdrawal modalities are regulated in the admission regulations. The examination fee is € 200 (€ 238 Euro incl. VAT).

Test preparation

The question catalogue containing all test questions is publicly available. This material is sufficient for preparation.

Date and venue

Test dates are agreed individually. Please contact academy@deutsche-boerse.com.
Employees of a Clearing Member may take the test online in their own premises (under the supervision of a designated Compliance Officer).

Registration at Eurex Clearing

Registration as a QCS is independent of registration for the Clearer Test and not via the Capital Markets Academy.