Accounts

There are four general types of accounts:

• Position accounts (principal, agent, Market Maker)
• Premium accounts (principal, agent, Market Maker)
• Fee Accounts (principal, agent, Market Maker)
• Cash/securities accounts

Position Accounts

There are three types of position accounts in the Eurex® system:

• Principal accounts
• Agent accounts
• Market Maker accounts

Premium Account

The Clearing House runs a specific internal premium account for options transactions, per currency, for each position account of each Member. The premiums of all option transactions executed on the Exchange are posted to the premium account that relates to the relevant position account and the corresponding currency.

Fee Accounts

For each position account of a Clearing Member, the Clearing House keeps an internal fee account where the fees for all transactions are accumulated. Clearing Members are responsible for their own fee payments, for their customers and their Non-Clearing Members.

Cash/Securities Account

For each Clearing Member, Eurex manages internal cash accounts for all currencies, to which premiums, fees, margin (requirements), cash settlements, penalties, as well as other cash obligations resulting from the clearing procedure are debited or credited. The Clearing House also manages an internal collateral accounts, for each Clearing Member, that contain the movement of the securities pledged to one of a Clearing Member's collateral accounts at the CSD.