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Eurex Clearing
As of August 16, 2010, Eurex Clearing will start clearing U.S. dollar-denominated bonds traded on Eurex Bonds. In a first step, bonds issued in U.S. dollar by the German Federal Government, the Kreditanstalt für Wiederaufbau, the European Investment Bank and the Landwirtschaftliche Rentenbank will be introduced.
Eurex Clearing and Eurex Bonds participants who have specified a U.S. dollar settlement account to Eurex Bonds will be entitled to clear and trade bonds issued in U.S. dollar, respectively.
The new bond products will be integrated in the existing bonds clearing processes. “DvP/RvP Settlement” of the bonds will take place at Clearstream Banking, Luxemburg and Euroclear Bank, Brussels.
For the settlement of the respective bonds via Clearstream Banking Luxemburg customer accounts as well as the 6-series accounts (Clearstream Banking Frankfurt International) will be available.
The clearing fees are in line with the existing pricing for Eurex Bonds products.
Simulation is possible in the permanent CCP simulation environment according to the simulation calendar:
www.eurexchange.com > Member Section > Simulation > CCP Standard Simulation.
For further details regarding trading please refer to Eurex Bonds Circular 44/10.
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