The differences and respective responsibilities of comprehensive settlement members, transaction settlement members, and trading members

Hello, in the "Member Management Measures of the China Financial Futures Exchange", members of the China Financial Futures Exchange are divided into trading members and clearing members. Clearing members are qualified to settle directly with CICC, while trading members are not qualified to settle directly with CICC. Clearing members are divided into transaction clearing members, comprehensive clearing members and special clearing members according to their business scope. Transaction settlement members can only handle settlement and delivery services for their entrusted clients. Comprehensive clearing members can handle settlement and delivery services for not only their entrusted clients but also trading members with whom they have signed settlement agreements. Special settlement members can only handle settlement and delivery services for trading members with whom they have signed settlement agreements.