Site Map

• Segments
  • Derivatives
    • Description
    • Products
      • Futures
        • Futures on IBEX 35®
        • Futures IBEX® Sectorials
        • Mini IBEX 35® Futures
        • Micro IBEX 35®
        • New 10 Year Government Bond
        • Futures on Spanish Stocks
        • Futures on IBEX 35® Div Impact
        • Stock Dividend Futures
        • Stock Dividend Futures Plus
      • Options
        • Options on IBEX 35®
        • American Style Stock Options
        • European Style Stock Options
  • Digital asset derivatives
  • Fixed Income
    • FIXED INCOME
    • Procedures
      • Schedule
      • Transactions Registration
      • Margins
      • Generation of Settlement Instructions
      • Settlement Process
      • Management of Settlement Failures
      • Treatment of Corporate Events
      • Administrative Costs and Penalties
      • Files and Messaging
    • Buy In
    • Market Data
      • Monthly Statistics
      • Daily Statistics
  • Energy
    • Prices and Volumes
    • Gas
      • Products
        • Delivery period
        • Nominal in MWh/d
        • Coding
        • Contracts accepted for registration
        • Cascade process
        • Physical delivery
        • Backoffice reports
      • Software & Installation
        • Technology
        • Trade Register
      • Clearing & Settlement
        • Position Management
        • Daily and Expiry Settlement
        • Margins Types
    • Electricity
      • Products
        • Delivery period
        • Nominal in MWh
        • Coding
        • Contracts accepted for registration
        • Cascade process
        • Backoffice reports
      • Software & Installation
        • Technology
        • Trade Registration
      • Clearing & Settlement
        • Position Management
        • Daily and Expiry Settlement
        • Margins
    • Market Data
      • Last Day Close Prices
        • Last Close Prices
      • Last Close Prices
      • Historic Data. Detail
      • Historic Data. Volumes
      • File Downloads
    • Meff Trade Entry
    • Calendar
    • Settlement Website
  • BME Clearing Swaps
    • Swaps
    • Definition
    • Trading Venue
    • Clearing & Settlement
      • Position Management
      • Clearing
      • Margins
    • Default Management
      • Default Management
      • Default Management Committee
      • Auctions
      • Fire Drills
    • How it works
      • Timetable
      • Files
      • Trade Registration
      • Post-Registration
  • Equities
    • EQUITY
    • Procedures
      • Schedule
      • Account Structure
      • Transactions Registration
      • Margins
      • Sell Transactions for Settlement
      • Generation of SIs
      • Settlement Process
      • Settlement Failures
      • Corporate Actions
      • Penalties and Administrative costs
      • Files and Messaging
    • Market Data
      • Monthly Statistics
      • Daily Statistics
  • Future xRolling®
  • Fees
• Transaction Management
  • Allocation
  • Give up / Take up
  • Regularisation
  • Position transfer
  • Exercise / Assignment
  • Position Adjustment. Cancellation
  • Average Price
• Risk Management
  • Introduction to a Central Counterparty (CCP)
    • What is a CCP?
    • Margins
  • Default waterfall
    • Default Waterfall: Description
    • Solvency Requirements
    • Margins
      • Initial Margin
    • Margins to Clearing Members
      • Extraordinary Margin
      • Individual Fund
      • Default Fund
    • Skin in the Game
  • Model Validation
    • Backtesting
    • Stress test. Scenarios and Procedures
  • Initial Margin Calculation Model
    • MEFFCOM2
    • HVAR
  • Default Management Process
  • Client Asset Protection under EMIR
    • Segregation and Portability Disclosure
    • Account types (ISA, OSA, GOSA)
  • Credit, Concentration and Wrong Way Risk
    • Credit Risk
    • Concentration Risk
    • Wrong Way Risk
• Collateral Management
  • Cash Collateral
    • Posting of Margins in Cash
    • Settlement Management
      • Cash Settlement Concepts
      • Multilateral Settlement on Target 2
    • Investment Policy
    • Liquidity risk control
  • Securities Collateral
    • Accepted Collateral
      • Eligible Assets
    • Posting of Margins in Securities
    • Collateral Valuation
• Regulations
  • Rule Book
  • General Conditions
  • Circulars
  • Instructions
  • CPMI-IOSCO
  • FSB - Continuity of access for firms in resolution
  • Default fund-capital requirements for banks
  • EMIR and SFTR trade reporting
  • FAQs
  • Glossary
    • Regulation
    • Fixed Income
    • Swaps Glossary
• About Us
  • Company Profile
  • Corporate Governance
    • Organisational structure
    • Remuneration policy
    • Financial information
    • Continuity policy
    • Board of Directors and Risk Committee Regulations
  • Members
    • Types of members
    • Solvency requirements
    • List of participants
    • How to become a member
  • Technology
    • User-Manual (current)
    • Versions FD & ENE
    • Versions EQ, FI & IRS
    • Software Download
  • Press Room
    • Press Releases
    • Press Contact
    • BME Media Centre
  • BME Clearing Contact
    • More Information