Seminar

Core clearing knowledge

Using the example of Eurex Clearing AG, participants will gain deep insight into the tasks and functions of a clearing house. They will get to know the requirements for a clearing licence and the different segregation models. Furthermore, the tasks of the clearing house in risk management will be discussed and participants will become familiar with the various margining models. Participants will also be given an overview on collateralisation and collateral release, and they will learn about the actions taken if a clearing member defaults.

Agenda

Day 1

Clearing members and their clients

Segregation models 

  • Delivery management
  • Trade day netting

Delivery management

  • Netting methods 
  • Settlement of exchange transactions
  • Delay in delivery

Day 2

Risk management

  • Types of risk
  • Types of margin
  • Margining methods 

Default management

    • Liquidation groups
    • Process
    • Default waterfall

Collateral management

  • Eligible collateral
  • Collateral management in C7
  • Permanent cash balance
  • Deposit and withdrawal of securities


Your trainer

Matthias Luck

Matthias Luck has been a trainer at the Capital Markets Academy of Deutsche Börse AG and various other academies and banks for more than 20 years. He studied banking and business administration and

More

Ann-Kathrin Schleicher

Ann-Kathrin Schleicher has been a trainer at the Capital Markets Academy for over 15 years and is a member of the Examination Commissions of Eurex Deutschland and Frankfurter Wertpapierbörse (FWB,

More