A member of
Eurex Clearing
1. Eurex Clearing amends the Default Management Committee Rules and the Agreement for the Participation in a Default Management Committee to further optimise the framework for Clearing Members to support and advise the CCP in handling a Clearing Member’s default.
2. Eurex Clearing clarifies that the granting of a Clearing License shall only be denied by the CCP, if such rejection is required to control the risk for the CCP, in accordance with Article 37(1) EMIR.
3. Eurex Clearing changes the allocation of its Dedicated Amounts to the Clearing Funds.
Attached to this circular you will find the updated Default Management Committee Rules, the updated Agreement for the Participation in a Default Management Committee and the updated sections of the Clearing Conditions for Eurex Clearing AG, as - after consultation of the Risk Committee - approved by the Executive Board of Eurex Clearing AG on 8 May 2013, 27 May 2013 and 10 June 2013, which will come into effect on 15 July 2013.