Image
November 6, 2014

OTC Clearing – Client Asset Protection – The Options

Under EMIR Regulations as a QCCP, Eurex Clearing provides a range of client asset segregation offerings – Individual Segregation Account (ISA), standard Omnibus Segregation Account (OSA) and Multiple Omnibus Segregation Account (MOSA) . Eurex Clearing was the first CCP globally in 2012 to offer individual segregation for Clients giving maximum protection to client collateral in a Clearing Member Default situation and last November enhanced the offering with the innovative introduction of collateral tagging which allows the Buy Side to have a fully segregated collateral account for all of its Funds with collateral tagged on a per Fund basis.

Also, direct collateral transfer was also introduced further enhancing operational efficiency and eradicating transit risk. Eurex Clearing individual segregation offering provides protection to the ACTUAL collateral, not VALUE. Multiple Omnibus Segregation allows the Buy Side firm to establish an omnibus account for its group of funds and thus limiting fellow customer risk and aiding portability in a Clearing Member default situation. Collateral can be tagged per MOSA.   

Please see the attached PDF below which explains the segregation options further, Byron.


Popular
Most Viewed

Image

Related Articles


June 30, 2022

SIMM Falls Short says PRA Letter to Banks




2 MIN



Risk Management


June 28, 2022

FMSB Statement of Good Practice on Trading Platform Disclosures




2 MIN



Regulation


June 20, 2022

Regulatory change and data fragmentation are key challenges for 85% of firms




2 MIN



Regulation