EuroCCP offers two membership categories: General Clearing Participants (GCPs) and Individual Clearing Participants (ICPs). GCPs clear trades for themselves and for firms that are not EuroCCP members (Non-Clearing Firms or NCFs). ICPs clear only for themselves.

A prospective GCP or ICP must be a corporation, partnership or other business organization regulated under the securities and/or banking legislation of an European Economic Area State or any other country acceptable to EuroCCP and must possess a specified minimum level of excess regulatory capital.

General Participation Criteria

EuroCCP conducts a detailed review of each applicant in order to determine whether the applicant will satisfy EuroCCP's Participant Standards, which are set out in EuroCCP Rules.

The general participation criteria are as follows:

• Applicant must have proven operational experience
• Applicant must be a regulated credit institution or investment firm
• GCP: must have not less than €70M excess regulatory capital
• ICP: must have not less than €20M excess regulatory capital
• Applicant must make specified minimum contributions to the Margin and Guarantee Funds
• Applicant must comply with connectivity and technical standards