Core Clearing Knowledge

This two-day seminar offers a comprehensive overview of the tasks of a clearing house and its processes. The first day gives an overview of the role of the central counterparty in general. The different clearing model, requirements for granting a clearing license and the delivery management for securities (incl. netting models) are explained.

During the second day, participants learn about the different types of risk involved in the clearing process and the role of the CCP in managing that risk. Furthermore, the collateral and default management will be explained.

Agenda day 1

Overview clearing members

  • Clearing licenses
  • General requirements
  • Types of clients
  • Outsourcing of clearing functions

Clearing models - Client asset protection

Delivery management

  • Overview and Gross delivery management system
  • Trade Day and Settlement Day Netting
  • Settlement Day Netting Options for Eurex Repo and Eurex Bonds
  • Late Delivery Handling
  • Corporate Action Processing
  • Reporting

Agenda day 2

Understanding risk

  • What are the main types of risk?
  • Which types of risk occur during the clearing process?

Risk and default management

  • Risk Based Margining (RBM)
  • Portfolio based margin approach (Prisma)
  • Default management process

Collateral management

  • Eligible collateral
  • Collateral reports
  • Collateral processing
  • Xemac (re-use of collateral)

Default management

  • Default management commitee
  • Default management process

  Type: Seminar

Target Group: The course will be of interest for employees of Clearing Members of Eurex Clearing AG who want to get fundamental knowledge of core clearing functions and an overview of the different clearing services. Participation in this course is acknowledged by Eurex Clearing AG as proof of qualification as qualified clearing staff (QCS).

Objective: Participants get an understanding of the clearing house's tasks and functions.

Trainer: The training course will be held by staff of Deutsche Börse AG, mmFinance and Paul North.

Currently Available
Date Language
Price without
Training Location Availability Choose Item
Training Location
05/11/2019 - 06/11/2019 German 1.080,00 EUR Eschborn
21/01/2020 - 22/01/2020 German 1.200,00 EUR Eschborn
21/04/2020 - 22/04/2020 German 1.200,00 EUR Eschborn
22/09/2020 - 23/09/2020 German 1.200,00 EUR Eschborn
27/10/2020 - 28/10/2020 English 1.200,00 EUR Eschborn