Collateral
Management

Posting of Margins in Securities

By pledge of securities with IBERCLEAR, CLEARSTREAM BANKING (LUXEMBOURG) or EUROCLEAR BANK SA/NV.

By transfer of ownership, through a transfer of the collateralised securities by the Clearing Member to the corresponding securities account of BME CLEARING with IBERCLEAR, SIX SIS, CLEARSTREAM or EUROCLEAR.

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