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Eurex Clearing
As announced in Eurex Clearing circular 043/14, Eurex Clearing will make adjustments related to the usage of proprietary margin for covering client positions with effect from 2 June 2014.
Eurex Clearing will no longer allow excess collateral in the proprietary pool of a Clearing Member to cover a margin shortfall in segregated customer collateral pools without the excess margin being allocated to the client account in which the shortfall occurred.
Eurex Clearing will issue and process in each case a separate margin call related to the specific collateral pool or technical calculation account for OTC ICM Flexible Account Structure in which the margin shortfall occurred, whenever a margin shortfall occurred related to the Clearing Member's proprietary account or related to one of the Clearing Member‘s client accounts.
The new principle applies to both intraday and end-of-day margin requirements.
This circular provides further information and functional details.
The relevant changes to the Clearing Conditions for Eurex Clearing AG have been announced in Eurex Clearing Circular 043/14 with effective date 2 June 2014.
Further functional enhancements will be launched in September 2014.