General Clearing Members clear on behalf of other market participants, including trading members and clients. They assume responsibility for client obligations and play a key role in extending access to clearing services across the market.
Clearing Members are regulated financial institutions authorised to perform clearing and settlement functions in accordance with the rules and procedures of AD Clear. These entities play a fundamental role in maintaining the integrity, efficiency, and stability of post-trade operations.
As part of its mandate as a central counterparty, AD Clear ensures that all members meet stringent admission criteria and comply with ongoing regulatory, financial, and operational requirements.
The Membership Directory provides a comprehensive and authoritative listing of all approved clearing members, categorised according to their respective membership types. It is designed to enhance transparency, facilitate market access, and support stakeholders in identifying licensed institutions operating within the AD Clear framework.
Members are classified based on their approved roles within the clearing ecosystem. Each category defines the scope of responsibilities and services the member is authorised to perform.
Direct Clearing Members are authorised to clear and settle trades executed for their own accounts and for their clients. They are fully responsible for meeting all clearing, settlement, and risk management obligations arising from their trading activities.
Settlement Agents are authorised custodians responsible for facilitating the settlement of funds and/or securities on behalf of clearing members. They ensure the efficient completion of settlement obligations within the post-trade lifecycle and contribute to the overall stability of the clearing and settlement process.
