Party (an exchange member firm) that chooses not to clear transactions, and uses/subcontracts a general clearing member to access the central counterparty ’s services. All trades must be cleared through a clearing member.
Data from ISO specification
This is the technical data from the specification document.
<businessRole
xmi:id="_-ZbjxqMOEeCojJW5vEuTEQ_-1165919953"
name="NonClearingMember"
definition="Party (an exchange member firm) that chooses not to clear transactions, and uses/subcontracts a general clearing member to access the central counterparty ’s services. All trades must be cleared through a clearing member."
registrationStatus="Provisionally Registered"
xmlns:xmi="http://www.omg.org/XMI" />