Our direct clearing access suite for the buy side (ISA Direct) combines elements of a direct clearing membership and the traditional service relationship in client clearing - tailored specifically for the buy side. It opens up a new principal client relationship between buy side clients and the CCP, with the regular Clearing Member acting as a Clearing Agent, providing a variety of mandatory and optional service functions. ISA Direct comprises of the three access models
providing direct clearing access for OTC IRD and Repo.
ISA Direct Clearing Model
Investment Funds (UCITS, AIFMD),
Repo/GC Pooling, OTC IRD
Hedge funds (AIF),
(Re)Insurance Undertakings, Corporate Clients
*Net cash provider at all times