EuroCCP Adds Deutsche Bank Frankfurt as Clearing Participant

A London bus at St Paul's
EuroCCP is in the final stages of its merger with EMCF.

European cash equities clearing house EuroCCP has announced the addition of Deutsche Bank Frankfurt as a general clearing participant (GCP).

As opposed to individual clearing participants, who only clear their own trades, a GCP clear trades on its own behalf and for firms who are not EuroCCP participants.

The move is said to increase EuroCCP's total number of approved clearing participants to 26, 15 of which are GCPs.

"There is huge demand across Europe for efficient and lower cost clearing services," says Dieter Bernhard, head of direct securities services Germany at Deutsche Bank Frankfurt. "We believe that EuroCCP will continue to deliver this to its members and so we have chosen to join as a clearing participant."

EuroCCP has planned to merge with EMCF to deliver greater efficiencies and sustainable competition to the pan-European cash equities clearing market place. The new company is still awaiting regulatory approvals.

  • LinkedIn  
  • Save this article
  • Print this page  

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: