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Apr 10, 2014

Eurex Clearing

Changes to the Clearing Conditions and extension of service offering of Eurex Clearing AG

This circular contains information in respect to extensions of Eurex Clearing’s service offering and amendments to the Clearing Conditions for Eurex Clearing AG (Clearing Conditions).

The following areas are affected:

  1. Application of the porting mechanism for client positions and collateral under the Elementary Clearing Model (ECM)
  2. Implementation of a porting mechanism for the Net Omnibus Clearing Model (NOCM)
  3. Introduction of the possibility to extend the Porting Period for the ECM and the NOCM
  4. Extension of the Individual Clearing Model (ICM) offering to further jurisdictions
  5. Adjustments related to proprietary margin covering client positions
  6. Disclosure pursuant to Art. 39(7) EMIR

The extension of the porting mechanism under the ECM and of the ICM offering are effective immediately.

The updated sections of the Clearing Conditions including amendments to the Clearing Agreements as decided by the Executive Board of Eurex Clearing AG are attached to this circular.

The amendments to the Clearing Conditions with respect to

  • items 1, 2, 3 and 4 will come into effect on 7 May 2014 and
  • item 5 will come into effect on 2 June 2014.