A client of a Clearing firm which has the opportunity to transfer obligations and collateral to another Clearing firm.
He Clearing firm (BROKER) from which the NCC transfers collateral and obligations.
The Clearing firm to which the NCC transfers collateral and obligations.
Non-residents (foreign brokers, funds), major resident clients, non-financial companies, sub-brokers, etc.
A separate Trading and Clearing Account (TCA) is opened by the broker in the Securities Market;
The Settlement Code (SC) – in the FX Market;
A Segregated Brokerage Company - in the Derivatives Market.