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Direct Participants

The members of GSD include dealers, inter-dealer brokers, registered investment companies, government securities issuers, banks, foreign entities, 符合GSD会员资格要求的中央清算机构三方(CCIT™)服务的注册清算机构和成员. GSD的中央交易对手服务为其成员提供高效的操作处理, collateral management and reduced risk.

Direct Participant

  • Netting
    Membership
  • CCIT
    Membership

Membership Types, Eligibility,
Capital & Margin Requirements:

A full GSD membership type for registered dealers; registered government securities dealers; banks or trust companies chartered under the laws of the U.S. 或根据非美国法律设立或特许的银行或信托公司.S. jurisdiction and participates in GSD through its U.S. branch or agency; inter-dealer brokers (IDB); futures commission merchants; government securities issuers; registered clearing agencies; and registered investment companies. 如果FICC确定该实体的母国监管机构已与SEC签订了vns6060威尼斯城官网共享或交换信息的谅解备忘录,并在美国保持存在,则该实体可以申请成为现有类别之一的外国成员.S., either directly or through a suitable agent.

MEMBERSHIP ELIGIBILITY REQUIREMENTS

  • 财务责任-申请人必须有足够的财务能力向清算基金和基金结算金额存入预期的存款,并及时履行其对公司的所有其他义务,并满足某些最低财务要求.
  • Operational Capability - Applicant must, among other things, 成功完成当前FICC标准下的网络和连接性测试, within the timeframes established by the Corporation, 公司为确保申请人的操作能力而可能施加的任何操作测试要求和相关报告要求.

CAPITAL REQUIREMENTS

  • U.S. 银行或信托公司申请人必须拥有至少5亿美元的CET1资本,并且资本充足.
  • Non-U.S. 银行或信托公司申请人必须拥有至少5亿美元的CET1资本, 遵守所在国监管机构规定的最低资本要求和资本比率, or, if greater, 符合巴塞尔银行监管委员会颁布的最低资本要求或资本比率标准,并为自己提供证明, 其母银行及其控股公司详细说明其所在国监管机构要求的最低资本要求和资本比率.
  • Dealer, Futures Commission Merchant, 或交易商间经纪人申请人必须拥有至少2500万美元的净资产和至少1000万美元的超额净资本.
  • 外国人申请人必须满足其本国监管机构的最低财务要求,如果申请人是1)经纪人或交易商, 它必须拥有至少2500万美元的总股本或2)非美国公司.S. 银行或信托公司,必须符合上述(b)项的要求.
  • 政府证券发行人申请人必须拥有至少1亿元的股本.
  • 注册投资公司申请人必须拥有至少1亿美元的净资产.
    • MARGIN REQUIREMENTS

      申请人必须根据会员活动的预期数量和性质提交初始结算基金存款, prior to going live. Post go-live, a Netting Member must meet a required Clearing Fund amount based on the Netting Member’s unsettled positions and the market risk associated with those positions; this amount is calculated twice daily.

CCIT会员是三方现金贷方的有限GSD会员.

MEMBERSHIP ELIGIBILITY REQUIREMENTS

  • 财务责任-申请人有足够的财务能力及时履行其对公司的所有义务.
  • 操作能力-申请人或其联合账户提交人, as applicable, must be able to satisfactorily communicate with the Corporation, 以必要的及时性和准确性履行预期承诺并满足公司的运营要求, 并符合本公司合理认为为保护本公司或其成员所必需的任何运作条件及要求.

CAPITAL REQUIREMENTS

  • Applicant must have minimum Net Assets of $100 million.

MARGIN REQUIREMENTS

CCIT Members are not required to post a Clearing Fund Deposit. CCIT成员授予FICC公司根据CCIT交易向其交付的证券和其他财产的担保权益,这些证券和其他财产应记入CCIT成员或联合账户提交人代表其维护的账户中,作为CCIT成员在每次CCIT交易项下对公司的所有义务到期时及时完整支付和履行的担保.

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本页提供的声明和其他信息, 包括本页上可用的任何链接和文件中的信息, is for informational purposes only. Please refer to the GSD Rules 对规则、程序及所有权利、义务等的说明 FICC及其参与者在使用政府统计处的服务时所须遵守的规定. In the case of any discrepancy between the information available here and the GSD Rules, the GSD Rules govern.

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