Cboe Clear Europe

Prerequisites

In order to register for the process to settle transactions cleared through Cboe Clear Europe, clients must fulfil the following prerequisites. They must:

• have an existent and active CEU and/or CBL securities account;
• have the status of a Clearing Member Firm (CMF) or be appointed as a settlement agent by the CMF;
• ensure that Cboe Clear Europe is notified that their transactions must be settled through CEU/CBL;
• ensure that Clearstream Banking has received and set up a Power of Attorney (PoA), as detailed in the “How to subscribe” section below;
• ensure that Cboe Clear has received a PoA to settle transactions through CEU/CBL.

For further information about Cboe Clear membership please contact your respective account/Relationship Manager at Cboe Clear.  

How to subscribe to the service

Clients should notify Cboe Clear that their transactions must be settled through CEU/CBL and send a duly signed PoA to the relevant address of CEU/CBL as outlined below.

Clients should complete the PoA on their letterhead using the available template, designating the client as “The Company” and Cboe Clear Europe as “The Attorney”. The PoA template and the trading venue and CCP overview can be accessed in the attachments section below if logged in as a Premium User.

The PoA must be signed by one or more authorised signatories, in accordance with the rules defined in the authorised signature lists provided to Clearstream Banking.

N.B.: When the PoA allows the attorney to send securities and cash instructions on behalf of the client, the client must include (an) account(s) valid for both securities and cash to allow the central counterparty to avoid any rejection of the messages sent by the attorney for that purpose.

Address details for PoA

CBL clients should return the completed PoA to the following address:

Clearstream Banking S.A.
Account Administration
L-2967 Luxembourg
Luxembourg

CEU clients should return the completed PoA and T2S Data Scope extension to the following address:

Clearstream Europe AG
Client Data Management (OSM)
D-60485 Frankfurt am Main
Germany