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Glossary

CCP:

 “Central Counterparty”, The name assigned for the Clearing Houses.

CM:

Clearing Member

CSD:

Central Securities Depositaries

EOD:

It applies to all the processes run at the end of session in the CCP.

FI:

Fixed Income. BME Clearing Segment.

GUI:

“Graphical User Interface”.  

IA:

Individual Account. Account whose holder is a client that may be either a natural o legal person with Individual Segregated Account in Iberclear.

ID: 

Intraday. Applies to all the processes run during the session timetable.

IRL:

Intra-Day Risk. Maximum quantity that a Clearing Member may owe to the CCP during a market session.

ISA:

Individual Segregated Account whose holder is a client that may be either a natural o legal person with Individual Segregated Account in Iberclear.

ISD:

Intended Settlement Date

ISIN:

“International Securities Identification Number” Developed in the international standard ISO 6166 and is used for the identification of securities.

NCM:

Non-Clearing Member, may exclusively request the Register of Contracts for their Proprietary Account, for their Sponsored Proprietary Account or for Account of the entities of their group.

OSA:

Omnibus Segregated Account, whit position of many clients whose holder is a Member, which may be in gross or net register.

PA:

Proprietary Account. Its holder is a Clearing Member, which registers the Member´s own transactions.

POA:

Power of Attorney by which the Member cedes to BME Clearing the power to be able to instruct in its name.

RECORD DATE:

Day on which the issuer determines which positions are to be taken into account for the calculation of the Corporate Event

SFTP:

“Secure File Transfer Protocol”. Server to obtain the files at the end of session of BME Clearing.

SI:

Settlement Instruction, deliver or receive securities and pay or collect cash between accounts of a T2S Actor and its counterparty. 

Strip:

Debt strip is a segregation of a Fixed Income Security in many parts.

T2S:

TARGET2-Securities (T2S) is the pan-European settlement platform to be implemented by the Eurosystem with the objective to provide harmonised and borderless core securities settlement services throughout Europe. 

 

 

 

 

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