Settlement member is a stockbroking company or a bank admitted to membership in the settlement system pursuant to KDD Operations Rules. Settlement system comprises the legal relationships between settlement members and between KDD and settlement members, whose content are their mutual rights and obligations arising from settlement of stock exchange transactions. 

A person is eligible to become a settlement member if it is a stockbroking company or a bank, and a registry member according to KDD Operations rules, provided it also fulfils all of the: 

• technical requirements to use the settlement information system set forth in Technical regulations,
• human resources and other requirements to use the settlement information system, set forth in the Regulations on Members;
• and solvency requirements set forth in the Regulations on Members.