Segregation Models Support

• Net Omnibus Segregated Accounts have the highest Margin efficiency stemming from the fact that positions of several clients are commingled and netted within one account. 
• However, this Segregation Model also incurs the highest fellow customer risk. 

• Individually Segregated Accounts have no fellow customer risk as both the positions and the assets of the client are separated from both Clearing Member's assets and other clients.
• Gross Omnibus Segregated Accounts offer only a limited protection from fellow customer risk as the Collateral Pool is shared with other clients.

• Client Asset Protection (CAP) under EMIR service of Eurex offers the possibility for clients to port to a Replacement Clearing Member and continue clearing activities even after their Clearing Member defaults.
• Service is available for both: 
  • Omnibus Segregation
  • Individual Segregation 
• For more information please visit our homepage: Porting under EMIR.
• Please contact: Group Client Services, Trading & Clearing and Cash Market
  • E-Mail: client.services@eurex.com
  • Phone: +49-69-211-1 17 00
• Porting to a Replacement ‘Futures Commission Merchant’ (FCM) Clearing Member is also possible for 'Legally Segregated, Operationally Commingled' (LSOC) US-Clients. 
• For more information please refer to our homepage: Porting under LSOC.

• The Fund Manager (Authorized Manager) solution allows a fund specific position account set-up in an operationally efficient manner and is available for all Segregation Models of Eurex.
• In general, all position accounts are set-up to separate each relevant fund which is disclosed to the Central Counterparty (CCP). 
• The Clearing Member can optionally select for its Fund Manager a set-up of multiple transaction accounts in a single risk netting unit.
• For more detail please contact your Key Account Manager or client.services@eurex.com.  
• For more detail please refer to our homepage: Fund Manager set-up.

• ISA Direct Model 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.
• Please contact: Fixed Income, Funding & Financing Sales
  Frankfurt: Phone: +49-69-211-138 59
  London: Phone: +44-20-78 62-72 76
  E-Mail: FixedIncome.Sales@eurex.com

For more information please refer to our homepage:  ISA Direct.