Clearing member

From The Jolly Contrarian
Jump to navigation Jump to search
The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™

Index — Click the ᐅ to expand:

Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you.
Sign up for our newsletter.

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