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Eurex Clearing
This circular explains amendments to the Clearing Conditions for Eurex Clearing AG (Clearing Conditions). Provisions with respect to the following areas will be made:
Liable equity capital, addition of redelivery default rules with respect to Eurex Clearing, clarification of the redelivery process for margin, extension of the Individual Clearing Model (ICM) offering a further combination, amendments to the netting level for Eurex Bonds transactions regarding Danish securities with settlement in the home market Denmark, amendments with respect to the admission requirements for Specific Lenders in the Lending CCP, introduction of the Triparty Collateral Management Service of Clearstream Banking S.A. Luxembourg recognised by Eurex Clearing as an additional securities collateral location and Client Asset Protection: amendments to the Elementary Clearing Model (ECM).
Attached to this circular are the updated sections of the Clearing Conditions including amendments to the Clearing Agreements as decided by the Executive Board of Eurex Clearing AG (Eurex Clearing).
All amendments will come into effect on 16 December 2013.