Non-futures company clearing members are only exchange members such as investment funds and investment companies who can only engage in self-operated business but not brokerage business. As long as the exchange is approved, it can become a self-operated member and can settle accounts directly with the exchange.

Banks (if they become members of the exchange) are not settlement members, but special settlement members. It is a special member type, which provides settlement services for non-settlement members and bears settlement risks, but does not participate in futures trading.

The airline you mentioned must open a legal person account with a futures company (or apply to become a self-operated member of the exchange) to do aviation oil hedging business, because natural persons cannot apply for hedging transactions.