Triparty admission documentation

As a Euroclear Bank client, you can take full advantage of our Collateral Highway to ensure you meet your UMR obligations.

Our standard admission procedure provides you with open access to our full, comprehensive range of services. It takes into account potential risks to financial stability and continued operation of the financial markets.

Below is a checklist of the documentation you are required to submit to support your request to become a full Euroclear Participant.

We will also request a formal application letter after checking we've recieved all the necessary documentation.

Admission documentation checklist

General

Copy of your banking or business license
Certificate of Incorporation
Last two annual reports and of its direct and ultimate parent (if any)
Risk Management & Internal controls documentation (if not included in the Annual Report)
Statutory document (Articles of association / Memorandum / Company Bylaws [statuten/statuts])
Representations and Warranties (if relevant)
Swift CSP (if any)
Account opening form
List of Authorised Signatures

Due Diligence

Euroclear Bank (RG 101) Client Due-Diligence Document duly completed and signed

Compliance specific

Euroclear Bank (RG100) Financial crime questionnaire duly completed and signed
Proof of mandate of the CEO or equivalent function (e.g. Head of Treasury, Head of Post-Trade, Head of the Securities Department) engaging your institution vis-a-vis Euroclear (e.g. minutes of shareholders’ meeting, annual report, official publications, appointment letters, board resolutions, etc.)
Official list of the members of the board of directors or equivalent corporate body of your institution (minutes of shareholders’ meeting, annual accounts, annual report, official publications, appointment letters, board r esolutions, etc.)
Documentary evidence sufficient to establish the shareholding structure of your institution (organization group structure chart, share register)
Recto verso copy of the ID-card or passport of the CEO (or equivalent function) of engaging your institution vis- a-vis Euroclear (e.g. Head of Treasury, Head of Post-Trade, Head of securities Department)
Recto verso copy of the ID-card or passport of each ultimate controlling shareholder (e.g. all natural persons owning indirectly or directly 10% of the share capital of your institution or otherwise controlling your institution)
If your institution qualifies as a financial institution: copy of your AML/CFT policies & procedures
Trade registry

Looking for pledgee services only?

We also offer a shorter, easier admission process for those of you wishing to benefit from our Collateral Highway as pledgee only (i.e. activity restricted to receiving RegIM) or as a pledgee representative.

Find out about our simplified admission process >

Find out more about UMR phase 5

16/12/2019

UMR phase 5 workshop

Follow the recording of this workshop on getting ready to comply with Uncleared Margining Rules regulation, phase 5.

Listen to the webinar here

01/03/2019

Preparing for waves 4 and 5 of UMR

The intended gradual implementation of UMR did not quite go to plan. With less than two years to go, phases 4 & 5 are disproportionately high, particularly for the buy-side, say industry experts.

So how can the industry prepare to stay the course?