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Dec 11, 2015

Eurex Clearing

Amendments to the Clearing Conditions and other related documents for Eurex Clearing AG

The circular contains information with respect to Eurex Clearing’s service offering and corresponding amendments to the Clearing Conditions for Eurex Clearing AG (Clearing Conditions) and other related documents for Eurex Clearing AG regarding the following topics:

  1. Changes to the prerequisites for the granting of an OTC Interest Rate Derivatives Clearing License.
  2. Amendments related to the Pledge Agreement and Securities Collateral Accounts
  3. Lending CCP service
  4. Offering of clearing services regarding OTC IRS to Registered Customers (RCs) located in Australia
  5. Clearstream Banking Luxembourg (CmaX) as additional collateral location for offering individual segregation
  6. Payment types for Zero Coupon Inflation Swaps

The amended sections of the Clearing Conditions and other related documents, as decided by the Executive Board of Eurex Clearing AG, are attached to this circular.

The planned changes related to Numbers 2 and 5 fall within the scope of Special Provisions of the Clearing Conditions and hence are subject to a Consultation process to which Eurex Clearing hereby invites to submit comments. Further details on the Consultation process are included in this circular.

The amendments related to Number 1 will come into effect on 7 March 2016, the amendments related to Numbers 3, 4 and 6 will come into effect on 11 January 2016.