A member of
Eurex Clearing
As announced in Eurex Clearing circular 116/17, Eurex Clearing AG (Eurex Clearing) intends to make certain clarifying amendments in Chapter IX of the Clearing Conditions with regard to recent changes to the close-out-netting arrangements in Chapter I of the Clearing Conditions.
The amendments relate to Special Provisions of the Clearing Conditions of Eurex Clearing AG (Clearing Conditions). Consequently, a consultation process (Consultation) was initiated, which started on 16 November 2017 and ended on 18 December 2017 (at midnight).
Based on a comment received during the Consultation, Eurex Clearing further clarifies at the end of Chapter IX Part 2 Number 2.1.2 (4) that the proposed amendment relating to the expiration of the Principal Collateral Redelivery Claim refers to the relevant point in time when the termination occurs either with respect to the Clearing Member or with respect to Eurex Clearing.
The amended sections of the Clearing Conditions, as decided by the Executive Board of Eurex Clearing, are attached to this circular and will come into effect on 15 January 2018.