Document background
The Clearing Agreement is a fundamental document used to establish and govern the relationship between a clearing house and its clearing members in the Danish financial markets. This agreement is essential when a financial institution seeks to become a clearing member of a clearing house or central counterparty (CCP) to clear financial transactions. The document addresses key aspects required under Danish law and EU regulations, including EMIR compliance, capital requirements, risk management procedures, default management, and operational processes. The Clearing Agreement becomes necessary when institutions need to access clearing services for various financial instruments, including derivatives, securities, and other financial products, and must comply with Danish financial regulations while operating within the broader European regulatory framework.
