
Differences Between an Individually Segregated Account & Omnibus Account at a Central Clearing House
Individually Segregated Account (ISA) Your collateral assets are totally segregated from the clearing house (and clearing member’s) proprietary assets, and from the assets of any fellow customers. Therefore there is no fellow customer risk nor clearing house / clearing member risk. Both the collateral assets themselves, as well as the value of those assets, are protected (i.e. you get the actual asset back which you posted, not just the economic value). The right to port coll