Cash Collateral

    Overview

    ECC accepts EUR as cash collateral to cover intraday margin calls. USD are accepted in exceptional cases.

    Overnight margin calls take place in EUR only; the same applies to contributions to the Default Fund. Direct Clearing Participant could deposit GBP additionally.

    Interest rates on cash collateral

    ECC pays interest on EUR margin assets in the form of cash, contributions to the Clearing Fund in the form of cash and funds provided for the fulfilment of liable equity capital requirements in the form of cash provided by an Institution Clearing Member, subject to and as long as being accepted as guarantee fund by Deutsche Bundesbank in accordance with the Guideline of the European Central Bank of 5 December 2012 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) ECB/2012/27.

    ECC will apply for EUR cash collateral the following interest rates:

    Interest period   Interest rate
    14.09.2022 - 01.11.2022 0.7 %
    from 02.11.2022 until further notice 1.4 %

    Interest is calculated on a daily basis ACT/360 and will apply during an interest period for the respective end-of-day cash balances reduced/complemented by a service fee of 15 bps in accordance with the ECC Price List.