As of 22 April 2016 ECC will enhance the Emergency Member Stop functionality to technically support the Clearing Member (CM) in case of a temporary stop of trading for its affiliated Non-Clearing Members (NCM).
ECC designed an automated process to distribute stop requests to the respective ECC partner exchanges. This improves the communication between ECC, the CMs and the exchanges and reduces the cycle time until a member is deactivated from trading.
Furthermore ECC offers a new interface within ECC’s Member Area with a 24/7 accessibility to request, monitor and release the stop of an NCM. In this Clearing Circular ECC would like to provide information regarding the functionality, the new interface and processes.
Related documents available on ECC’s website:
- ECC’s Risk Management Services Manual
- ECC Member Area User Guide
- T10 User Setup form
- ECC Clearing Conditions