Clearing member: Difference between revisions
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{{a|g|}}In [[ETD]] world a clearer of exchange traded derivatives who is a direct member of an exchange, rather than some kind of lesser intermediate broker in the chain, or the client facing executing broker. An executing broker may of course also be a clearing member. | |||
As of June 2021, will be subject to new obligations under the [[EMIR refit]] to provide [[fair, reasonable, non-discriminatory and transparent]] ([[FRANDT]]) commercial terms when offering clearing services. | |||
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*[[FRANDT]] rules | |||
Latest revision as of 11:00, 14 September 2020
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In ETD world a clearer of exchange traded derivatives who is a direct member of an exchange, rather than some kind of lesser intermediate broker in the chain, or the client facing executing broker. An executing broker may of course also be a clearing member.
As of June 2021, will be subject to new obligations under the EMIR refit to provide fair, reasonable, non-discriminatory and transparent (FRANDT) commercial terms when offering clearing services.
See also
- FRANDT rules