A member of
About EurexOTC Clear
EMIR 3.0 – active account
CCP Switch
On-boarding
Compression Service
Product Scope
Interest Rate Swaps
Inflation Swaps
Settlement Prices
Service Offering for PSAs
Clearing Member
ISA Direct Member
ISA Direct Light Licence Holder
Clearing Agent
Client
Jurisdictions
Multiple Clearing Relationships
Segregation Set up
Cross-Project-Calendar
Readiness for projects
C7 Releases
C7 SCS Releases
C7 CAS Releases
EurexOTC Clear Releases
Prisma Releases
Member Section Releases
Simulation calendar
Archive
User ID Maintenance
Clearing Hours
Clearing Reports
Product Specifications
Clearing on behalf
Delivery Management
Transaction Management
Collateral Management
Collateral
Transparency Enabler Files
Segregation Models
Reports
Default Fund
Intraday Margin Calls
OTC Clear Procedures
OTC Clear Tutorials
Cross Margining Support
Supplementary Margins
Default Waterfall
Model Validation
Stress testing
Default Management Process
Client Asset Protection under EMIR
Client Asset Protection under LSOC
Credit, concentration & wrong way risk
System-based risk controls
Pioneering CCP Transparency
Haircut and adjusted exchange rates
Securities margin groups and classes
Prices Rolling Spot Future
File services
Bond Clusters
Listed derivatives
OTC derivatives
Listed securities
Cash management
Delivery management
CCP eligible instruments
Eurex Newsletter Subscription
Circulars & Newsflashes Subscription
Corporate Action Information Subscription
Circulars & Readiness Newsflashes
News
Videos
Webcasts on demand
Publications
Forms
Events
FAQs
Production Newsboard
Eurex Clearing
This circular describes amendments to the Conditions for Utilization of OTC Trade Entry Facilities (General Conditions for Participation) (hereafter: “General Conditions”) regarding introduction of new penalties and amendments to existing penalties:
1. Redefined rule for a timely trade entry including the obligation to provide evidence upon request and introduction of a fine regime for violations of the timely trade entry
2. Reduction of the “mistrade” fee for the cancellation of trades in the context of the General Conditions
3. Introduction of a penalty for:
• violations of the prohibition of in-house crossing
• cases of fraud, deceit or manipulation of evidence
• failure to provide evidence of the underlying transactions for Exchange for Physicals (EFP), Exchange for Physicals for Index/FX-Futures (EFPI) and Exchange for Swaps (EFS) transactions
4. Reduction of the penalty for “Block Trade” order aggregation
5. Eurex Clearing is granted the right to instruct an auditor to check compliance with the General Conditions
The amended sections of the General Conditions are attached to this circular. The amendments will come into effect on 5 May 2014 with the exception of the introduction of a fine regime for violation of a timely trade entry which will come into effect on 1 September 2014.