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Eurex Clearing
This circular contains information about amendments to the Clearing Conditions for Eurex Clearing AG (Clearing Conditions) and the Price List for Eurex Clearing AG (Price List) in the following areas:
1. Clarification regarding the pledge provisions in the Clearing Agreement and Supplemental Pledge Agreement
2. Set-off claims for Clearing Members under the Net Omnibus Clearing Model (NOCM)
3. Information provided to Non-Clearing Members (NCMs) and Registered Customers (RCs) regarding multiple omnibus Standard Agreements
4. Amendments to mandatory business hours for NCMs/RCs
5. Extension of the Porting Period in the Individual Clearing Model (ICM) for Immediate Re-Establishment
6. Editorial changes with respect to the delivery of Eligible Margin Assets in the form of securities
7. Editorial change with respect to set-off between Eurex Clearing AG and a Holder of a Specific Repo License
8. Editorial changes in Appendix 10 to the Clearing Conditions (Form of Security Trust Agreement for the Individual Clearing Model (ICM) Provisions)
9. Clarification with respect to FDAX and ODAX Daily Settlement Price on the year-end trading day
10. Correction of references in the Price List for Eurex Clearing AG related to the decommissioning of Credit Default Swaps (CDS)
The amended sections of the aforementioned rules and regulations as decided by the Executive Board of Eurex Clearing AG are attached to this circular. All amendments will come into effect on 15 December 2014.