Clearing

Fortis Merchant Banking is Europe's largest independent third-party derivatives clearer and ranks within the global top five. We offer member and non-member market participants alike access to over 60 of the world's leading international derivatives and equities exchanges. Our clearing product range includes derivatives, securities, energy products as well as warrants, FX, forwards and other investment instruments.

Our clients

Our customers include local as well as global professional traders. While some trade on a single exchange, others trade in multiple markets. All, however, require a sophisticated third-party clearer. Fortis Merchant Banking's clearing services empower you to trade directly, or via your own ISV platform, on all major exchanges, round the clock. Our services are of most interest to professional traders, especially:

• broker-dealers
• market makers
• trading arcades
• proprietary trading houses
• alternative fund managers

 How we can help you

Fortis Merchant Banking's clearing services enable you to optimise your capital utilisation by reducing high margin requirements linked to market membership; improve your time to market for additional market memberships; and avoid otherwise mandatory investments and IT development when clearing infrastructure or processing changes. Specifically, we can provide you with:

Securities and Derivatives Clearing Services

• trading via your own exchange membership
• matching, clearing and settlement by Fortis
• guarantor vis-à-vis clearing houses, exchanges and counterparties
• integrated position administration
• electronic output delivery

Energy Clearing Services

• correlation haircut across contracts and exchanges
• independent clearer on numerous exchanges
• clearer for various products
• integrated output

Funding & Margining

• (exchange) margin, premium and hedge financing
• credit facilities
• global correlation haircut margin calculation across asset classes

Additional Services

• FX trading to facilitate exchange rate exposure
• securities borrowing, lendingwuring
• outsourcing of back-office functionality
• secure, flexible, web-enabled statement and data delivery
• dedicated support functionality

European Multilateral Clearing Facility N.V. (EMCF)

The European Multilateral Clearing Facility N.V. (EMCF) is a company wholly owned by Fortis. The company was set up by Fortis in 2007 to act as a central counterparty clearing house for multilateral trading facilities (MTF) and other securities exchanges.

Fortis Merchant Banking: the right choice

 As one of the top three ranked clearers in every time zone by turnover and number of clients, we can provide you with a dedicated single point of contact, worldwide and round the clock. We can provide these services as a Global Clearing Member on all major exchanges.

To learn more, contact our experts via the 'Where to find us'.