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Apr 08, 2014

Eurex Clearing

Amendments to the Clearing Conditions and extension of ICM offering to investment funds in further combinations

This circular contains amendments to the Clearing Conditions for Eurex Clearing AG (Clearing Conditions) in the following areas:

  1. Handling of individual client clearing documentation under ICM (Individual Clearing Model)-Client Clearing Documentation (CCD)
  2. Limitation of Eurex Clearing´s right to assign claims
  3. Clarification with respect to Direct Transfer
  4. Clarification with respect to the Elementary Clearing Model and the Net Omnibus Clearing Model
  5. Amendments with respect to Securities Lending: Cash account admission requirements and corporate action processing improvements
  6. Change in the context of OTC Release 4.0
  7. Amendments to the mandatory requirement for an account with the Swiss National Bank for a Clearing License for derivatives transactions at Eurex Exchange
  8. Individual Clearing Model offering to investment funds in further combinations

The updated sections of the Clearing Conditions including amendments to the Clearing Agreements as decided by the Executive Board of Eurex Clearing AG are attached to this circular.

All amendments will come into effect on 5 May 2014.