Client account offer letter - Clearing brokers are required to receive written confirmation from each of their clients regarding which type of client account they would like to have. Many clearing brokers will make this offer in a letter or email to which clients will need to respond to.
Client clearing documentation – Clearing brokers may wish to enter into new legal documentation with their clients setting out the arrangements for the EMIR compliant client clearing services. This may be done by way of a new standalone clearing agreement or it may be done by way of an amendment to the existing legal documentation between the clearing broker and client.
Disclosure document – Clearing brokers are required to publish a disclosure document regarding their EMIR compliant client clearing services. They may provide a hard copy of this or they may direct clients to a section of their website instead. Clients should review this document before confirming which type of client account they would like.
CCP documentation – some CCPs may also require clients to enter into legal documentation with them and the clearing broker. This could include various contractual acknowledgments and representations.