Party that is a member of a clearing house. All trades must be settled through a clearing member. There are two types of clearing members:
- a general clearing member is able to settle its own obligations as well as those of clients. However, so-called general clearing members may settle both their own obligations and those of their customers.
- a direct clearing member is able to settle only its own obligations.
Data from ISO specification
This is the technical data from the specification document.
<businessRole
xmi:id="_-Zbjx6MOEeCojJW5vEuTEQ_-1536638479"
name="ClearingMember"
definition="Party that is a member of a clearing house. All trades must be settled through a clearing member. There are two types of clearing members:

- a general clearing member is able to settle its own obligations as well as those of clients. However, so-called general clearing members may settle both their own obligations and those of their customers.
- a direct clearing member is able to settle only its own obligations.

"
registrationStatus="Provisionally Registered"
xmlns:xmi="http://www.omg.org/XMI" />