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Eurex Clearing
As announced with Eurex Clearing circular 060/11, Eurex Clearing introduces its new Portfolio Based Risk Management framework “Eurex Clearing Prisma”, which includes a new margin calculation method as well as a consistent and more transparent default management process. Documents including the methodology description and a sample calculation guideline have been published in the Member Section on the Eurex website in connection with Eurex Clearing circular 074/11.
Eurex Clearing has published today a high-level description of the revised default management process in the Member Section on the Eurex Clearing website under the following path:
www.eurexclearing.com > Member Section > Clearing Services > Eurex Clearing Prisma
The revised default management process requires changes and adaptations to the Clearing Conditions for Eurex Clearing AG and supplementary legal documentation. These changes are planned to be published in March 2012.