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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

东证期货国际(新加坡)私人有限公司是上海东证期货有限公司的直属全资子公司,也是东方证券股份有限公司的间接控股子公司。

作为持有新加坡金融管理局(MAS)颁发的《资本市场服务许可证》的机构,我司提供全方位资本市场服务,涵盖证券、场内衍生品、场外衍生品及杠杆外汇等多类产品。

东证期货新加坡是亚太交易所、新加坡衍生品交易所以及洲际新加坡交易所的交易和清算会员,为客户提供覆盖国际市场的综合交易服务。

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