Membership | Euronext Clearing

Scarica Elenco Partecipanti

Euronext Clearing offers a robust and efficient clearing solution for a wide range of asset classes, providing members with access to a secure and resilient post-trade environment. By becoming a member, participants can benefit from streamlined processes and advanced risk management. The membership framework is designed to support a broad spectrum of participants, from banks to investment firms, ensuring seamless integration and operational excellence.

Dedicated support is available throughout each stage of the membership process. Prospective members can find comprehensive and detailed information in Euronext Clearing Rules and Regulations on eligibility criteria, application procedures and ongoing obligations, enabling them to make informed decisions and maximise the advantages of Euronext Clearing’s services.

Who can become a Euronext Clearing member?

EU Entities admitted to the system

May be granted the status of Member

Banks and Investment Firms authorised to carry out banking business or provide one or more Investment Services in Italy
Banks and Investment Firms authorised to provide such Services in Italy under a mutual recognition regime
Central Banks of the European Union
Public Entities or public enterprises, such as the Ministry of Economy and Finance, as well as companies whose activities are supported by a public guarantee
Other central counterparties authorized and recognized pursuant to EMIR Regulation

Non-EU entities admitted to the system

Non-EU banks and Investment Firms which are not authorised in Italy to carry out banking business or provide Investment Services in Italy, provided that – in the context of a procedure to recognise the activities of the central counterparty in their State of origin, with the involvement of the Bank of Italy and Consob – the simultaneous presence of the following conditions has been established:

Provisions in the State of origin which are equivalent to those applicable in Italy with respect to the supervision of banks and brokerage companies
The State of origin applies provisions which are equivalent to those contained in the EMIR Regulation with respect to clearing
The State of origin has in place equivalence arrangements with respect to access to the central counterparty

Appropriate agreements are in place between the Bank of Italy, Consob and the competent authorities of the State of origin.

Types of Membership for Euronext Clearing

General Clearing Member (GCM)

Direct access to clearing system– for proprietary and/or client and/or Trading Clients’ transactions

Individual Clearing Member (ICM)

Direct access to clearing system – for proprietary and/or client transactions

Trading Client

Trading Clients admitted to Euronext Fixed Income Segments on the Legacy Clearing System are members to the CCP.

Trading Clients admitted to all other CCP Sections are clients to their GCM.

In the event of membership to multiple Sections, it is possible to choose to hold the same membership qualification or different qualifications, also within the same Section.

Membership requirements

General clearing member

Minimum capital requirements
Section	Supervisory Capital	N. of Trading Clients
Equity, Financial Derivatives, Soft Commodity Derivatives, Power Derivatives, ICSD Bond, Bond (Retail Markets)	25m	Up to 1
	30m	From 2 to 5
	35m	From 6 to 10
	40m	Above 10
Bond (Wholesale Markets)	400m	Any
Euronext Clearing accepts a guarantee for the difference between the Supervisory Capital requirements and the following minimum level of Supervisory Capital held:
€15m for all Sections, including Bond (Retail Markets)
€200m for Bond (Wholesale Markets)

In cases of participation to multiple CCP clearing sections, the highest minimum requirement will apply

Individual Clearing Member

Minimum capital requirements
Section	Supervisory Capital
Equity	3m
Financial Derivatives, Soft Commodity Derivatives, Power Derivatives,	10m
ICSD Bond, Bond (Retail Markets)	10m
Bond (Wholesale Markets)	100m
Euronext Clearing accepts a Bank guarantee for the difference between the Supervisory Capital or Net Capital requirement and the following minimum level of Supervisory Capital held:
€3m (of Supervisory Capital) for all Sections, including Bond (Retail Markets)
€50m (of Supervisory Capital) for Bond (Wholesale Markets)

Chi può diventare Partecipante?

Come diventare Partecipante

Profili di Membership

Requisiti di ammissione

Euronext Clearing seleziona i propri Partecipanti sulla base dei seguenti requisiti:

Corrispettivi e Moduli di Adesione

Corrispettivi

Corrispettivi servizi CCP in vigore dal 1 Aprile 2026

English

Corrispettivi servizi CCP in vigore dal 1 Aprile 2026_con evidenza delle modifiche

English

Corrispettivi servizi CCP in vigore dal 1 Marzo 2026

Italiano

Corrispettivi servizi CCP in vigore dal 1 Marzo 2026_con evidenza delle modifiche

Italiano

Corrispettivi servizi CCP in vigore dal 16 Febbraio 2026

Italiano

Corrispettivi servizi CCP in vigore dal 16 Febbraio 2026_con evidenza delle modifiche

Italiano

Eligible ISINs and ETF - 1 nov 2025

English

General Conditions Part I

English

General Conditions Part II

English

Request for Services

English

Garanzia Fideiussoria Patrimoniale

English

Schema negoziale Partecipante e Cliente (Clausole minimali) - Comparti obbligazionari

English

Schema negoziale Partecipante e Agente di Regolamento (Clausole minimali) - Comparti obbligazionari

English

Schema negoziale Partecipante Generale e Cliente Negoziatore (Clausole minimali)

English

Contratto EMIR Assisted Reporting

Italiano

Mandatory CCP Provision GCM - ISA Client

English

Mandatory CCP Provision GCM - Trading Client

English

Contratto EMIR Assisted Reporting

Italiano

EIM Services Agreement - General Terms & Conditions

English

EIM Services Agreement - Order Form & Description of Services

English

Membership Form

English

Settlement Agent Form

English

English

Italiano

Italiano

Italiano

Italiano

CC&G_Modulo FACTA-CRS

Italiano

Tracciabilità dei flussi finanziari

Italiano

Modulo Fattura elettronica

Italiano

PoA ES-PTO (Euronext Securities Porto)

English

PoA ESES (Euroclear France, Euroclear Belgium, Euroclear Netherlands)

English

PoA NBB (National Bank of Belgium)

English

PoA RG-10 (Euroclear Bank)

English

PoA CBF (Clearstream Bank Frankfurt) This PoA is applying only to German Securities traded on the Amsterdam Stock Exchange

English

MyEuronext per Membership

Al fine di gestire le procedure di adesione ai mercati Euronext, è stata sviluppata una piattaforma digitale centralizzata: MyEuronext, che include una sezione dedicata alle richieste di Membership per Euronext Clearing.

L'applicazione è progettata per rendere i processi più snelli, efficienti e trasparenti, migliorando la comunicazione tra Euronext Clearing e i partecipanti. Il nuovo portale sostituisce il precedente Member Portal, offrendo un ambiente più integrato, sicuro e intuitivo per la gestione delle attività legate alla membership.

Attraverso la sezione dedicata alla Membership su MyEuronext, gli intermediari possono gestire in modo digitale i seguenti flussi operativi:

richieste di ammissione o esclusione da e verso il sistema di garanzia a controparte centrale gestito da Euronext Clearing;
comunicazione delle informazioni relative ai requisiti di ammissione come membro al sistema;
richieste di installazione, attivazione e/o disinstallazione delle infrastrutture tecnologiche.

Il Portale permette agli intermediari di monitorare i dati inviati e di aggiornarli in modo costante ed immediato, rendendo quindi più facili i compiti di comunicazione come stabilito nel regolamento e nelle istruzioni di Euronext Clearing.

MyEuronext

Euronext Clearing Struttura dei Conti

Euronext Clearing offre una struttura dei conti flessibile per rispondere alle esigenze dei clienti, in linea con EMIR.

Euronext Clearing Accoun…

Livelli di protezione

Qui potete trovare i livelli di protezione associati con i differenti livelli di segregazione

The different levels of …

EMIR Account structure and protection levels downloads

Euronext Clearing Account Structure

English

Euronext Clearing protection levels

English

MyEuronext Clearing Membership Application

Existing members can manage their membership in the MyEuronext app.

Learn more

Contact

Tipo di richiesta

Nome

Cognome

Titolo professionale

Azienda

Telephone

Commenti (facoltativo)

Updates on Products and Services

Promotional and commercial offers

Surveys

Events

Euronext Clearing Membership

Who can become a Euronext Clearing member?

EU Entities admitted to the system

Non-EU entities admitted to the system

Types of Membership for Euronext Clearing

General Clearing Member (GCM)

Individual Clearing Member (ICM)

Trading Client

In the event of membership to multiple Sections, it is possible to choose to hold the same membership qualification or different qualifications, also within the same Section.

Membership requirements

General clearing member

Individual Clearing Member

Chi può diventare Partecipante?

Come diventare Partecipante

Profili di Membership

Requisiti di ammissione

Corrispettivi e Moduli di Adesione

Corrispettivi

Corrispettivi

Euronext Clearing Condizioni Generali

Richiesta di Servizi

Contratti - Mercati Italiani

Contratti - Mercati Euronext Legacy

Moduli

Powers of Attorney’

MyEuronext per Membership

Euronext Clearing Struttura dei Conti

Livelli di protezione

EMIR Account structure and protection levels downloads

MyEuronext Clearing Membership Application

Contact