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BME Clearing whose previous corporate name was MEFF was created and authorised pursuant the European legislation, the EMIR Regulation (European Market Infrastructure Regulation, UE 648/2012).

EMIR establishes the obligation for trading and clearing activities to be separated. Until now MEFF acted both as an official exchange and a CCP. As a result of the separation of functions, MEFF takes up the exchange activity as the governing company for BME’s Derivatives Market and BME Clearing will act as the CCP.

The aim of this section is to help users, both members and clients, find all the available information regarding the current regulation of BME Clearing, as well as the complementary documentation.

BME Clearing rules are articulated in the Rulebook, in the General Conditions on products and in the Circulars approved by the CNMV and published by each company.

 The Rulebooks' complementary regulations are set forth in the General Conditions for each contract, and in the Circulars and Instructions issued by MEFF Exchange and BME Clearing.

 The complementary documentation contains the documents necessary to participate in the CCP.



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