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In general, BME Clearing accepts cash collateral in euros, which must be posted by the Clearing Member or its Payment Agent in BME Clearing account in the payments module of the Target2 platform system.
Default Fund contributions and Variation Margin shall always be posted in cash Euro only, through Target2 platform as explained above.
Extraordinary Margin, shall also be posted in cash Euro, except in the event of a technical malfunction of the Target2 platform system, where Clearing Members may set up the Extraordinary Margin to be posted by means of a transfer of ownership via transfer of securities free of payment in the BME Clearing securities account in IBERCLEAR, EUROCLEAR BANK, CLEARSTREAM BANKING LUXEMBOURG or SIX SIS.