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Dec 08, 2017

Eurex Clearing

End of Consultation on amendments to the Special Provisions regarding introduction of appropriation right with respect to pledged margin securities of defaulted Clearing Members and mobilisation regarding Default Fund Contributions in the form of securities; Amendments to the Pledge Agreement

As announced in Eurex Clearing circular 111/17, Eurex Clearing AG (Eurex Clearing) will amend the Clearing Conditions of Eurex Clearing AG (Clearing Conditions) to implement the following changes:

  1. Introduction of an appropriation right with respect to pledged margin securities of defaulted Clearing Members and mobilisation regarding Default Fund Contributions in the form of securities;
  2. Amendments to the Pledge Agreement

Eurex Clearing conducted a Consultation from 7 November 2017 until 7 December 2017 (Consultation Period) on the topics listed above pursuant to Chapter I Part 1 Number 17.3 of the Clearing Conditions.

Eurex Clearing has received no comments that led to further amendments of the version which was subject of the Consultation Period and no requests for the application of a Prolonged Notification Period.

Therefore, these changes will come into effect on 10 January 2018, as notified in Eurex Clearing circular 111/17.