Information and requirements for access to Iberclear for participants, CSD issuers and other market infrastructures.
Access for ...
- ... Participants
- ... Central Securities Depositories
- ... Other Infrastructures
- ... Issuers
Article 9 of Iberclear's Rules and Regulations states which legal entities can become a Participant.
The corresponding documentation that Iberclear requires from participant is as follows:
- Circular 4/2017 - Procedure for Membership of Entities of the Securities Registration and Settlement System Managed by Iberclear
- Circular 1/2018 - Procedure for Membership of Entities of the Securities Registration and Settlement System Managed by Iberclear. Modifications of the Letter of Authorisation for Crediting and Debiting the Payments Module Account.
- Circular 1/2020 - Procedure for Membership of Entities of the Securities Registration and Settlement System Managed by Iberclear. Modifications of Technical and Functional Requirements
- Circular 3/2022 - Procedure for Membership of Entities of the Securities Registration and Settlement System Managed by Iberclear
- Circular 2/2024 - Modification of Circulars Resulting from the Elimination of the Pti and Other Changes. Project “Reform 3”
- Instruction 9/2023 - T2–t2s Consolidation. Amendment of Iberclear Membership Forms
The entity applying to access Iberclear must produce the corresponding documentation. Once the relevant documentation has been reviewed and after performing a risk assessment, Iberclear shall inform the entity on the acceptance or rejection of its application. Iberclear shall reply to the request for access within a maximum period of one month.
Once the request has been accepted, technical tests shall be performed to verify compliance with the established requirements.
Forms and Contracts for Participants
The corresponding documentation that Iberclear requires from participants is as follows:
- Iberclear access questionnaire
- Membership Agreement C04/2017. Appendix 2
- Specific membership conditions C01/2018. Appendix 2a
- Acceptance of the use of technical resources (or detailed report if relevant) C04/2017. Appendix 2b
- Acceptance of direct debit in the DCA C04/2017. Appendix 2c
- Acceptance of direct debit for invoicing in the RTGS account C04/2017. Appendix 2d
- Request to open auto-collateralisation accounts F18
- Request to register as Agent Entity F29
- Account-opening request in the Central Register F01
- Request to link accounts F02
- User request for BME-PC. F19
- Connectivity Form
- Authorisation to Central Bank
- Target Services Form
- Test approval certificate
- List of authorised signatories
Documentation Request
The corresponding documentation that Iberclear requires from other CSDs is as follows:
A CSD aplying for access to Iberclear must produce the corresponding documentation. Once reviewed and after performing a risk assessment, Iberclear shall inform the entity on the acceptance or rejection of its application.
Iberclear shall reply to the request for access within a maximum period of three months.
Once the request has been accepted, technical tests shall be performed to verify compliance with the established requirements.
Forms And Contracts For Other Central Securities Depositories
The following is the specific documentation Iberclear may request other CSDs applying to become an Iberclear Participant:
- Request for access to Iberclear
- Iberclear access questionnaire
- Collective Agreement, Legal Section/Operational Section
- Account-opening request in the Central Register F01
- Request to link accounts F02
- User request for BME-PC. F19
- Connectivity Form
- Specific membership conditions
- Authorisation for the Central Bank
- Target Services Form
- Test approval certificate
- List of authorised signatories
Documentation Request
The corresponding documentation that Iberclear requires from other market infrastructures is as follows:
Any market infrastructure interested in accessing Iberclear must produce the corresponding documentation. Once reviewed and after performing a risk assessment, Iberclear shall inform the entity within a maximum period of three months.
Once the request has been accepted, technical tests shall be performed to verify compliance with the established requirements.
Forms and Contracts for Other Market Infrastructures
The corresponding documentation required by Iberclear from other infrastructures is as follows:
- Request for access to Iberclear
- Iberclear access questionnaire
- Collective Agreement, Legal Section/Operational Section
- Account-opening request in the Central Register F01
- Request to link accounts F02
- User request for BME-PC. F19
- Connectivity Form
- Specific membership conditions
- Authorisation for the Central Bank
- Target Services Form
- Power of Attorney
- HSUOP02
- CCP information requirements
- Test approval certificate
- List of authorised signatories
Documentation Request
The corresponding documentation that Iberclear requires from issuers is as follows:
The issuer applying to access Iberclear must submit the appropriate documentation. Once the relevant documentation has been reviewed and after performing a risk assessment, Iberclear shall inform the entity on the acceptance or rejection of this application within a maximum period of three months.
Forms and Contracts for Issuers
The corresponding documentation that Iberclear requires from issuers is as follows:
- Iberclear access questionnaire
- Iberclear acceptance request
- Issuer identification form
- Issuers. Connectivity Form
- User request for BME-PC. Issuers
- Daily ownership notification service request
- Ownership request
Documentation Request
Frequently Asked Questions (FAQS)
Iberclear participants include banks, securities firms, investment managers, foreign depositaries, central counterparties, issuers and large institutional investors.