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    Cash Collateral

    ECC accepts EUR, GBP and USD as collateral. Regular overnight Initial Margin Calls will be carried out in Euro only. Intraday Margin Calls can be furnished in Euro, USD or securities.

    Typ2 Currency Intraday Cut-Off Time Cash Processing Eligible for
    Deposit EUR


    USD

    17:00 CET


    14:00 CET

    Debit

    08:00 CET (latest)
     

    		 All Margin Requirements
    Release

    EUR


    USD

    09:30 CET


    09:30 CET

    Credit

    08:15 CET (about)

    		 All Margin Requirements

    Cash will be debited or credited by ECC to the cash accounts that Clearing Members have communicated to ECC as relevant cash settlement accounts. Interest is paid on cash that is deposited with ECC at 10 am CET with the collateral pool that holds the cash overnight.

    Deposit

    Cash collateral is automatically called overnight into the house collateral pool for house positions (if separate house collateral pool has been opened) and into the Standard Collateral Pool (GOS – General Omnibus Pool) for any other positions.  Cash from the Standard Collateral Pool (GOS – General Omnibus Pool) can be allocated to a specific pool (except the house pool) by instructing balance only booking. Such allocations can be made using the sample CSV file here until 11am CET on ECC business days.

    Release

    Releases of cash from the house collateral pool (if separate house collateral pool has been opened) or the Standard Collateral and the SOS Collateral Pool are made automatically overnight. Cash from the house pool can be released on request of the Clearing Member before the intraday cut-off time. Releases of cash from any other pool are requested as follows:

    Action House Pool Standard Pool SOS OSA ISA

    Instruction of Release

    		 CM CM CM CM CM
    Approval of Release n/a n/a n/a OSA Represen-tative ISA Client

    Release maximum till

    		 Margin Require- ment Margin Require- ment 0 0 0

    Shortfalls covered by

    		 House GOS GOS GOS GOS

    Release to

    CM
    TARGET2 or foreign currency Account

    CM
    TARGET2 or foreign currency Account

    CM TARGET2 or foreign currency Account

    CM TARGET2 or foreign currency Account

    CM TARGET2 or foreign currency Account

    Automatically Overnight Releases

    		 Yes Yes Yes No No

     

    Forms

    Cash Collateral can be managed in C7 GUI by the Clearing Member. In backup cases, Clearing Members can use the following forms to instruct ECC.

    Downloads
    2021-12-09 O04 Collateral Deposit / Collateral Release Collaterals Cash Collateral zip (132 KB)
    2021-12-09 O05 Intraday Collateral Deposit / Collateral Release Collaterals Cash Collateral zip (152 KB)
    2019-11-07 Signature Schedule Collaterals Cash Collateral pdf (192 KB)

    Direct Contact

    Risk Operations

    +49 341 24680-444 clearing@ecc.de