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Eurex Clearing
Eurex Clearing AG will conduct the next simulation of its Default Management Process (DMP) on the basis of a fictitious Clearing Member default from 28 September to 2 October 2015.
The simulated defaulting Clearing Member will have portfolios in two different liquidation groups, i.e. in equity/equity index derivatives and OTC IRS/ fixed income derivatives.
Participation in liquidation group equity/equity index derivatives will be mandatory for Clearing Members who – in a real member default event – would have substantial auction obligations. Such Clearing Members will be contacted directly by Eurex Clearing AG. For all other Clearing Members a voluntary participation in the default management fire drill is recommended.
Participation in liquidation group OTC IRS/ fixed income derivatives will be voluntary for this fire drill.
Interested Clearing Members may use the attached form to register for the Eurex Clearing DMP simulation and return it via e-mail to dmp_inbox@eurexclearing.com.
Further information - such as the document “DMP Fire Drill Prep Guide” – is attached to this circular and can be retrieved from the Member Section of the Eurex Clearing website www.eurexclearing.com.