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Qualified Clearing Staff (QCS) / Qualified Back Office Staff (QBO)

Clearing Members (or their insourcers) are required to register at least one 'Qualified Clearing Staff' member (QCS) with Eurex Clearing.

Eurex Exchange Participants without own clearing license are required to register at least one Qualified Back Office Staff member (QBO) with Eurex Clearing.

There are several options for the proof of qualification as QCS/QBO

Qualification for staff member

Clearing Member (QCS)

Eurex Exchange
Participant (QBO)

Test/Exam

Clearer Test

Back Office Test

Participation
in seminar

Core Clearing Knowledge

Confirmation of Compliance Officer

Compliance Officer of the Clearing Member confirms the respective knowledge

Compliance Officer of the Exchange Participant confirms the respective knowledge

The exam fee for the Clearer and Back Office Test is 200 Euro (180 GBP) plus VAT. Details and dates for the seminar 'Core Clearing Knowledge' are available under the link in the table.

Please note that the Clearer and Back Office Test are only provided online at your premises (by supervision of a nominated compliance officer). In case of justified exemptions it is possible to arrange an individual test date at one of our exams locations.

The questionnaire for preparing for the tests are available in the section 'Attachments' on this page.

Registration as Qualified Clearing Staff (QCS) or Qualified Back Office Staff (QBO does not take place automatically after the exam has been passed. Instead, the admission as QCS must be applied for by sending an e-mail to person.admission@deutsche-boerse.com. The registration as QBO is possible via the admission service eXAS within the member section.

Attachments
Title Type Size
QBO/QCS Information Memorandumpdf50 KB
Clearer Test - Questions and Answers May 2019pdf919 KB
Back Office Test - Questions and Answers May 2019pdf456 KB
Information Memorandum Execution of in-house examspdf57 KB
Form 1: Nomination of the exam supervisor for the inhouse online clearer testpdf598 KB
Form 2: Confirmation of orderly execution of the Inhouse Online Clearer Testpdf565 KB
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