Futuristic cityscape with overlaid financial graphs and charts representing market trends and trading insights
Reading Time: 2 minutes

A 清算会员 是指经交易所 清算所 授权的、具备牌照的金融机构或经纪商,负责执行交易的清算与结算。他们充当交易者与交易所之间的中介,确保每笔交易都按照监管机构和交易所的要求,得到妥善的确认、保证金管理和结算。

清算会员对于维护金融体系的安全与稳定至关重要。他们为 交易的履行提供担保,这意味着如果一方违约,清算所将通过清算会员确保交易完成。这显著降低了 对手方风险, 并增强了市场的信任度和流动性。

清算会员的职能

清算会员在衍生品生态系统中承担以下几项关键职责:

  1. 交易结算 —核实、匹配并最终完成交易,以确保顺利执行。

  2. 保证金管理 – 收取并维持足够的抵押品,以覆盖未平仓头寸。

  3. 风险管理 监控风险敞口,并管理客户的信用风险和操作风险。

  4. 监管合规 – 遵守交易所和监管机构制定的严格资本、报告和治理标准。

通过这些职能,清算会员有助于提高 市场的透明度、效率和诚信度,这些是一个运作良好的交易环境的关键要素。

新加坡的清算会员制度

在新加坡的衍生品市场中,诸如新加坡交易所、洲际交易所新加坡期货交易所和亚太交易所等交易所,会委任持牌的清算会员来促进交易后的清算与结算。

清算会员通过提供安全的交易清算、稳健的操作流程和可靠的市场接入,为机构、企业和专业交易者提供支持。

清算会员的重要性

清算会员的角色对于 金融市场的完整性和韧性至关重要。通过担保交易的完成和管理系统性风险,清算会员为市场参与者带来信心,并有助于整体的金融稳定。

东证期货国际(新加坡)简介

作为上海国际能源交易中心(INE)、大连商品交易所(DCE)及郑州商品交易所(ZCE)的境外中介机构,境外客户通过我们参与中国市场的国际化期货合约时,可直通交易、清算及结算全流程。我们的母公司上海期货,是中国五家监管期货交易所中按总交易量计排名居前的经纪商。

东证期货新加坡是新加坡交易所、亚太交易所和洲际(新加坡)交易所成员。

我们提供机构级的客户服务。交易日内,我们的团队提供全天候支持,并依托简化的流程、直观的操作界面以及通过设备托管服务打造的低延迟基础设施,为您构建一个流畅、一站式的交易执行环境。这一切都旨在确保卓越的性能与可靠性。

Disclaimer

We, Orient Futures International (Singapore) Pte. Ltd. (“OFIS”) (UEN No. 201831776Z), hold a capital markets services licence (CMS100869) from the Monetary Authority of Singapore for dealing in capital market products such as futures/derivatives contracts, and spot foreign exchange contracts for the purposes of leveraged foreign exchange trading, and is an Exempt Financial Adviser. For more information about OFIS, please visit the MAS Financial Institutions Directory

All content, materials, information, data, statistics, features, research, documents or reports available on our website (including this article) which are financial in nature (the “Content”) are governed by our Terms of Use. By accessing, using or downloading any Content, you are deemed to have consented and agreed to the Terms of Use.

We distribute information/research (which may be prepared by us directly or produced by our foreign affiliated companies within the Orient Group of companies) pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. The information/research herein is prepared and distributed in Singapore and is intended for our clients who are Accredited Investors, Expert Investors or Institutional Investors only. If you are not an Accredited Investor, Expert Investor or Institutional Investor, you hereby acknowledge and agree that you are not the intended audience of all Content available on our website, and you undertake to immediately cease your access to any Content available on our website.

You agree to access and accept all Content available on our website on an “as-is” and “as available” basis. You agree that OFIS shall not have any responsibility or liability arising out of or in connection with, and you agree to waive the right to bring any claims or raise any complaints against OFIS in respect of any Content available on our website. OFIS shall also not be liable for any damage, loss or liability of any kind (whether actual, anticipated, consequential, special, economic or otherwise) caused as a result (direct or indirect) of the use of, or inability to access or use, the website, including but not limited to any damage, loss or liability suffered as a result of your reliance on the Content or our website.

OFIS does not make any representations, and hereby disclaim all warranties, express or implied, statutory or otherwise to the extent permitted by law, in respect of our website and all Content therein. To the fullest extent permissible, OFIS does not warrant and hereby disclaims any warranty as to the accuracy, correctness, completeness, reliability, timeliness, non-infringement, title, merchantability or fitness for any particular purpose of the Content.

All Content available on our website are general in nature and have been prepared without any consideration of your investment objectives, financial situations or needs. You should consider the appropriateness of any Content available on our website having regard to your personal circumstances before making any investment decisions. You should take into account your investment objectives and financial situation and seek advice from an independent financial advisor under a separate engagement if necessary.

订阅我们的周刊,获取最新市场资讯

焦点推荐