Membership in AD Clear:

Members of AD Clear play a curial rule by clearing trades performed on ADX. Their role is to eliminate counterparty credit risk arising from bilateral trades.

Obligations of Clearing Members:

• Compliance: Members must comply with all AD Clear Clearing Rules and Procedures. This includes maintaining adequate financial resources, robust risk management systems, and operational readiness.
• Collateral and Margin Requirements: Members are required to maintain specified levels of collateral and margin to support their clearing activities. This ensures the member's obligations are adequately covered and mitigates systemic risk.
• Reporting and Transparency: Regular reporting to AD Clear is mandatory. This includes financial statements, risk exposure reports, and other relevant information that demonstrates the member's ongoing compliance and financial health.

Benefits of Membership:

• Access to AD Clear Clearing System: Members gain access to the advanced AD Clear Clearing System, facilitating efficient post-trade processing and risk management.
• Market Participation: Membership enables participation in ADX’s growing capital market, offering opportunities to trade a wide range of securities and financial instruments.