How it Works

Clearing operates through the Derivatives Clearing System. Trades are matched on the Euronext platforms, registration of matched transactions presented to LCH.Clearnet occurs on a real time basis.

The Derivatives Clearing System is open for the registration of trades between 07.30 ECT and 20.00 ECT. On receipt and confirmation of eligible transactions into the Derivatives Clearing System, trades are governed under the rules of the LCH Clearnet SA Rulebook

Once the positions at the end of the trading day have been determined, LCH.Clearnet calculates the premiums, initial margin and variation margin to be paid or received by each clearer. After the exercise/assignment of products for cash settlement, an amount is to be received or paid by the CMF.

Members of Euronext and  LCH.Clearnet are eligible to clear products subject to approval.  More information on becoming a member can be found here