Clearing and Settlement

Upon successful completion of the Back-Office Test, the required qualification for registration as a "Qualified Back-Office Staff" (QBO) in accordance with the Clearing Conditions of Eurex Clearing AG is obtained.

A list of which further evidence is accepted for the registration as a QBO can be found on the Eurex website.

Examination conditions

The test consists of 30

Clearing is of particular importance for financial market stability. More and more financial instruments are being included in clearing. In this course, participants receive the necessary know-how about the clearing processes. They learn how Eurex Clearing, as one of the world's leading central counterparties, manages counterparty risk. Especially for employees in

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

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

Based on a short introduction to Eurex products and instruments (also known as exchange-traded derivatives, ETDs), participants will gain a comprehensive insight into position management and management of transactions and positions in ETDs. They will get familiar with the most important functions required in the day-to-day clearing of derivatives transactions at Eurex