Follow our 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.
In order to become a direct client of Euroclear Bank, you will first need to meet our admission criteria relating to:
- financial resources
- operation and technological capacity
- legal capacity
- internal control and risk management
- ethical standards
Euroclear Bank offers a broad spectrum of products and services, so once your admission is approved, you will also need to go ahead and complete the necessary triparty documentation in order to open your first triparty account.
Once your account is open, we suggest you get started by building up some high level knowledge of the Euroclear system and of our Triparty service in general.
To support you in this process, we offer three, digital, stand-alone training modules that will help bring you up to speed on how our Triparty Collateral Management environment operates.
- Understand the lifecycle of a UMR transaction
- Manage the UMR on-boarding steps: documentation to complete and submit
Through these three specially designed modules, you will acquire information on the background, functionality, technical specification, legal framework, operational setup and process flows of our Triparty Collateral Management service.
After successfully becoming a Euroclear Bank client and opening your account, the next step is for you to join our community and start setting up your first counterparty pairs.