结算会员制度是说不是所有的交易所会员都可以自动取得结算资格，只有那些资金实力雄厚、风险管理能力强的机构才能成为交易所的结算会员，非结算会员必须通过结算会员才能进行股指期货结算的制度。
但我国使用结算会员制却存在制度上的约束，交易编码制度直接限制了结算会员制的应用。
However, there are institutional constraints when the clearing member system is introduced in our country, since the transaction coding system directly limits the application of clearing membership.
分级结算会员制是国际上各结算机构非常通行的一项制度。
Rating clearing member system is very popular in derivate markets.
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