Service Navigation

GC Pooling Market

GC Pooling Market

 

Launched in March 2005, GC Pooling has become a highly liquid market for secured funding in EUR, USD, CHF and GBP. The international participants benefit from anonymous electronic trading through a central counterparty (CCP) with a real-time collateral management system.

Overview of content

Participation

  • The applicant must be under the regulation of a domestic regulatory Authority
  • The applicant must be a credit institution or an investment firm according to the definition set forth in Art. 1Paragraph 1 and 2 and Art 4 Paragraph 1 of the Council Directive on markets for financial instruments 2004/39/EG ("MiFID")
  • The applicant is responsible for the technical connection to the Eurex Repo trading system
  • The applicant is required to follow the Eurex Clearing clearing process

    • Directly: As a Clearing Member of Eurex Clearing
    • Indirectly: By signing an agreement with an existing Clearing Member

The applicant may apply for a General-Clearing or Direct-Clearing-Membership. The General Clearing Member (GCM) has the right to clear its own trades as well as the trades of its customers and Non Clearing Members (NCMs). The Direct Clearing Member (DCM) has the right to clear its own trades as well as the trades of its customers and NCMs provided they are affiliated.
Institutions and/or its branches which are permitted in its country of domicile to provide credit to customers in relation to the matching of orders or quotes and receive collateral from customers in the form of securities and cash may apply for admission.


In addition the Clearing Member must fulfill the following requirements:

  • Minimum amount of liable equity capital
  • Clearing fund contribution
  • Cash Clearing: RTGS eligible account

Settlement and pledging of Securities:

  • Securities deposit: at Clearstream Banking
  • Pledged Securities Account: at Clearstream Banking Frankfurt or SegaInterSettle

Once a company becomes a participant, Eurex Repo does not limit the number of registered persons on its behalf.

 

Demir-Halk Bank (Nederland) N.V. joined the Repo & GC Pooling markets as of December 14, 2018.

 
 
 
 

For more information

Eurex Repo | Sales & Relationship Management

Frankfurt/London/Paris/Zurich

T +49 (0)69 2 11-1 40 40

 
 
Overview of contentPrevious chapter
Next chapter
 

Subnavigation

Eurex Group on