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Eurex Clearing
This circular contains information with respect to amendments regarding Direct Access, in detail:
a. Clearing Conditions Chapters II, IV and Appendix 11; b. Statutes for the EMIR Risk Committee; c. Default Management Committee Rules; d. Price List for Eurex Clearing AG; e. Statutes for the Disciplinary Committee; f. Disciplinary Procedures Rules; g. Statutes for the IRS Product Committee
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.
To the extent these amendments relate to Special Provisions of the Clearing Conditions, a consultation process (Consultation) was initiated, which started on 30 March 2016 and ended on 30 April 2016. During the Consultation, Eurex Clearing received comments from its customers regarding the contemplated amendments. Eurex Clearing reviewed all comments and where appropriate implemented the comments in the amended version of the Clearing Conditions and other related documents that were consulted.
The amendments related to Numbers 1, 2 and 3 (a, b, c, d, e, f and g) will enter into effect on 20 June 2016.
The effective date of all amendments related to Direct Access (as outlined in Eurex Clearing circular 042/16) and the new BCM Pledge Agreement shall be 20 June 2016, except for the General Terms and Conditions to the Agreement on Technical Connection to the Clearing EDP of Eurex Clearing (effective as of 12 May 2016) and the respective Price List (effective as of 1 July 2016) that remain unaffected.