Find
Feb 28, 2014

Eurex Clearing

Client Asset Protection: Technical enhancement of “Late Withdrawal of Cash Collateral” feature for pre-funded clients segregated under the Individual Clearing Model

With Eurex Clearing Circular 153/13 it was announced that in order to increase efficient allocation of cash collateral in the context of the Individual Clearing Model (ICM), Clearing Members are allowed to withdraw cash collateral from Eurex Clearing up to the amount used to pre-fund overnight margin calls for ICM-segregated clients by the Clearing Member for an extended time period. This service focuses on Clearing Members offering ICM segregation to their clients.

As of now, Eurex Clearing Members can use Eurex @X-tract Clearing GUI to request late cash collateral withdrawal in one or more amounts. This service offering is available with immediate effect in production. Using the permanent simulation environment, the service can be tested upfront.