What
We Do
The
Clearing Corporation provides a secure financial environment
in which firms and individuals can conduct their business
with confidence. We have never experienced a default
that resulted in a loss to the organization. We are
able to provide such stability by virtue of our strong economic
base, formalized risk management policies, and the careful
maintenance of a multi-tiered system of financial safeguards.
The
clearing process begins with the execution of a trade through
an electronic trading system such as the Eurex US trading
platform. Once executed, the electronic trading system submits
the transaction to The Clearing Corporation. Trade data
is edited as soon as it is transmitted to the Clearing Corporation.
For a successful match to occur a sell must exist for every
buy and all critical information required by the match process
must correspond exactly between the two sides of the trade.
Trades are continuously matched throughout the day, which
is a critical feature of our risk management policies.
Once a trade is matched The Clearing Corporation's guarantee
takes effect with The Clearing Corporation acting as a buyer
to every clearing particpant seller and the seller to every
clearing particpant buyer.
Clearing
reports are automatically transmitted to participant firms'
computer systems and are made available on line for printing
in their offices throughout the day. Firms can also
request trade status reports at any time or view the status
of trades on-line.
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