Access for Participants

Article 9 of IBERCLEAR's Rules and Regulations states which legal entities can become a Participant.

How to become an IBERCLEAR Participant

Those legal entities wishing to access IBERCLEAR services must fulfil the requirements established in the following regulation:

• 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
• Instruction 9/2023 - T2–T2S Consolidation. Amendment of Iberclear membership forms.
•                                        Appendix 1
•                                        Appendix 2
•                                        Appendix 2a-2d
•                                        Appendix 2e
•                                        Appendix 3
•                                        Consolidated text Circular 4/2017

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

• 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