FAQs

 

Committee Approval

 
 
How lengthy is the committee approval process?
How lengthy is the committee approval process?

Once EuroCCP’s Participation and Compliance Committee has convened, it will normally respond to an application for membership within 1 business day.

 
How often does the committee meet?
How often does the committee meet?

The committee meets on a quarterly basis. In the event that an application is urgent, EuroCCP can convene an extraordinary committee meeting.

 
If the applicant is not approved by the committee, is this rejection published anywhere?
If the applicant is not approved by the committee, is this rejection published anywhere?

EuroCCP protects the confidentiality of applicants’ information and will not publish this information anywhere.

 
If the applicant is approved, is this information made available to the public? If yes, where?
If the applicant is approved, is this information made available to the public? If yes, where?

EuroCCP will seek the agreement of the Applicant before making this information available to the public on the EuroCCP website.

 
What happens after the Applicant is approved for membership?
What happens after the Applicant is approved for membership?

The applicant will receive an approval letter from EuroCCP which must be counter signed and a hard copy returned to EuroCCP.

Once all documentation and connectivity & testing is completed, and the guarantee/margin funds have been received, the applicant will advise EuroCCP of its requested activation date.