This overview is for entities that aim to clear Non-Deliverable forwards (NDFs) at Eurex Clearing.
Become a Clearing Member
In order to clear FX NDF transactions, you must become a General Clearing Members (GCM), a Direct Clearing Member (DCM), or a client of a General Clearing Member (GCM) with EurexOTC Clear. Our NDF Clearing Service requires a separate license. If you are interested in joining us, please contact us at FX@eurex.com.
On-boarding process for existing EurexOTC Clear members
For our existing Clearing Members with EurexOTC Clear, the on-boarding and admission process is simplified, as most documentational requirements, KYC documentation, capital- regulatory- and operational requirements, etc., are already fulfilled.
Whether market participants apply for a new membership or simply add additional Clearing Licenses to their existing membership, Eurex teams are ready to support you along the way.
On-boarding process for new EurexOTC Clear members
On-boarding for our EurexOTC NDF Clearing Service entails several steps on the level of Clearing Members, Eurex and on a joint level. These steps include:
If you require more information on our on-boarding process and requirements, please contact us at onboarding@deutsche-boerse.com.
Admission requirements
As a multi-asset Clearing House, Eurex offers several Clearing Licenses. Next to the main requirements and general considerations of obtaining clearing memberships at Eurex, we require the following specific requirements for our OTC NDF Service:
Technical requirements:
Specific forms:
Become a client
We also provide options for clients to connect indirectly to our EurexOTC NDF Clearing Service. As an end-user, clients can make use of our OTC NDF Clearing Service by routing trades to a Clearing Member who clears on their behalf. You can have one or many Clearing Members and one or many executing brokers. Further information on client types, additional documentation and segregation model can be extracted here.
