The ISX forums have never been so active yet very little of what...

The ISX forums have never been so active yet very little of what is said these days has any substance....

Apologies if this has already been covered elsewhere but how does ISX make money from EMA accounts in a negative interest rate environment in the EU. My simplistic understanding of Australian ADI's that have deposit facilities with the RBA can park surplus funds and get paid 75bps (100bps cash rate less 25bps). Given ISX make money on EMA's i'm assuming the ECB doesn't operate the same way.