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Types of participation:

 
    1. general clearing member - representative in securities trading –
      where a participant holds the status of clearing member for all transactions involving securities, that are executed in the:
      • regulated market,
      • alternative trading system or
      • wnegotiated lending system by another entity,
        indicated by it according to the rules,
    2. individual clearing member – where a participant holds the status of clearing member for transactions executed by that participant in the:
      • regulated market,
      • alternative trading system or
      • negotiated lending system,
        on their own account, or the account of a client,
    3. general clearing member – representative in the derivatives market – where a participant holds the status of clearing member for transactions executed in the derivatives market by other entities, indicated by it according to the rules,
    4. non-clearing member – where a participant executes transactions in the:
      • regulated market,
      • alternative trading system or
      • negotiated lending system,
        while at the same time not holding the status of clearing member in any scope and is a client of a participant holding such status and is authorised to require KDPW_CCP to perform the actions referred to in § 69a - § 69c of the Rules of transaction clearing (organised trading), respectively.