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Jul 10, 2015

Eurex Clearing

Amendments to Eurex Clearing AG’s legal framework

This circular contains information with respect to amendments to the Clearing Conditions for Eurex Clearing AG (Clearing Conditions), the Price List for Eurex Clearing AG (Price List) and the Conditions for Utilization of the Eurex Trade Entry Services (General Conditions for Participation), regarding the following topics:

  1. Specific Repo License: Implementation of Close-Out Provisions
  2. CCP Lending Service: Amendments in the cash infrastructure
  3. CCP Lending Service: fixed term loans/financing loans
  4. Adjustment of termination events due to the German BRRD Implementation Act
  5. Introduction of fees for EurexOTC Clear IRS Multilateral Netting Service (Compression) and Advanced Netting Service “Level 3-Rate Blending”
  6. Alignment of times of entry and acceptance of Off-Book-Trades into the Eurex System

The amendments related to all topics will come into effect on 3 August 2015.

The amended sections of the Clearing Conditions, Price List and General Conditions for Participation, as decided by the Executive Board of Eurex Clearing AG, are attached to this circular.