Suche

    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 Members (DCP CM) could deposit GBP additionally.

    Interest rates on cash collateral

    ECC pays interest on EUR margin assets in the form of cash, contributions to the Default 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 (T2) ECB/2012/27.

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

    Interest period   Interest rate
    23.04.2025 - 10.06.2025            2.00% p.a.
    11.06.2025 until further notice                1.75% p.a.

    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.

    Publishing date Title File
    2025-06-06 Interest rates on cash collateral xlsx (16 KB)

    Minimum Cash Quota

    At ECC, a Minimum Cash Quota applies for Institution Clearing Members. For each Institution Clearing Member, the ratio of all margin assets in the form of EUR cash booked to the internal collateral accounts of such Institution Clearing Member to the overall Margin Requirement of such Institution Clearing Member always needs to stay above the Minimum Cash Quota.

    Currently applied Minimum Cash Quota: 50%

    The EUR Minimum Cash Quota does not apply to contributions to the ECC Default Fund.

    Publishing date Title File
    2023-05-08 ECC Clearing Circular 17/2023 | Introduction of a EUR Minimum Cash Quota and adjustment of the Add-on on the service fee for margin assets in the form of securities pdf (110 KB)