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Eurex Clearing
As announced with Eurex Clearing circular 139/13, Eurex Clearing will amend the Clearing Fund Contribution logic to ensure compliance with EMIR (“European Market Infrastructure Regulation”) and to base the Clearing Fund contributions on a more risk-sensitive measure.
The new calculation logic will become effective on 2 January 2014.
In this circular, a detailed description of the change and an introduction roadmap are provided.
Eurex Clearing calculates the contribution to the Clearing Fund for each Clearing Member based on the risk it poses towards Eurex Clearing. The basis for the calculation of the Clearing Fund will be changed from a percentage of the Total Margin Requirement to a percentage of the Initial Margin Requirement.