Clearing Member capacity can be obtained by a Credit Institution or an Investment Firm according to the definition provided in Law 3606/2007 and Directive 2004/39/EC of the European Parliament and the Council.

Members may act having their registered seat or establishment (branch) in Greece or remotely:

• participating in the system for Clearing and Settlement transactions which ATHEXClear is responsible
• are responsible towards ATHEXClear to fulfill their obligations which come from their participation in Clearing procedures and are according to ATHEXClear Rulebooks.

ATHEXClear Members are distinquished into two categories:

• Direct Clearing Members and
• General Clearing Members.

The Members' capacities are personal, non-transferable and may not be assigned to a third party.

The candidate Member provides:

• The necessary applications for becoming a Clearing Member
• the memorandum and
• the safekeeping permission and administration of financial instruments on behalf of its clients

The candidate Direct Clearing Member (DCM) must have own funds at least 700,000€.

The candidate General Clearing Member (GCM) must have own funds at least 3.000,000€.

The candidate Clearing Member in cooperation with Members Support & Network Management Unit proceeds to Node installation, DSS terminals or DSS API activation and tests its connectivity with ATHEXClear systems.

The above applications support the clearing and settlement of Cash and Derivatives markets.