EMIR Disclosures Documents

EMIR disclosure documents

We are required by law, as set out in Article 38 of Regulation (EU) no 648/2012 of the European Parliament and of the Council on 4 July 2012 on OTC derivatives, Central Counterparties and Trade Repositories ("EMIR") to publicly disclose the prices and fees associated with our clearing services for those CCPs which have been authorised under EMIR and on which we act as a direct clearing member.  Pursuant to Article 39 (7) of EMIR we are also required to disclose the levels of protection and costs associated with the different levels of segregation (both for the omnibus account and individually segregated account which we are required to offer under EMIR Article 39). In order to fulfil our legal obligations we have set out our fees both for our clearing service and the segregated account offerings in the document entitled "Fee Disclosure Document". In the document entitled "Clearing Member Disclosure Document" you will find set out the protections available to clients of clearing members in respect of various segregated accounts together with the identification of certain risks. This is an important document and you should read it carefully. This document, together with each CCP disclosure document, should inform your choice of either an omnibus account or an individually segregated account and the exact account within the omnibus category or the individual segregated account category that you require. You should be aware that we, where we are a direct clearing member of an EMIR authorised CCP, are required under EMIR to obtain the client's choice of either an omnibus account or an individually segregated account in writing. You should note that the Clearing Member Disclosure Document is a generic document produced by ISDA and the FOA which has been amended in a minor way to reflect the service which we offer and our insolvency law. Our EMIR disclosure documents may be updated from time to time.
 

Download the disclosure documents

Clearing Member Disclosure Document (Content accurate as at February 2014).

Fee Disclosure for ETD

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