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For future multi‐terminal HVDC networks, protection systems based on DC circuit breakers (DCCBs) are envisioned to limit the loss of power transmission towards AC grid(s). Yet, HVDC protection system design is considered a major challenge—especially in a multi‐vendor setup. In particular, protection systems shall enable HVDC converters to ride through DC faults without protective blocking. Several studies have performed sensitivity analyses to determine the DCCB properties and current‐limiting inductor properties that are required to enable converter fault‐ride‐through (FRT), but the HVDC converters themselves have been simplified and kept identical. However, in a multi‐vendor setup, the exact converter design is not known at the time of DC protection planning. Therefore, this paper investigates the impact of different converter properties on the DC‐FRT behaviour, and reveals implications on HVDC protection design. Firstly, analytical approaches are proposed to mathematically derive potential impact factors on the converters' FRT characteristics, also considering different converter control architectures. Secondly, a comprehensive EMT study demonstrates a significant impact of the converter parameters on the FRT behaviour. Analytical approaches and EMT results are compared with regard to limitations and applicability, such that the paper's findings can support the development of functional requirements for multi‐vendor multi‐terminal HVDC networks. [ABSTRACT FROM AUTHOR]