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Apr 10, 2014

Eurex Clearing

Eurex Clearing receives EMIR authorization

Eurex Clearing would like to inform its Members that Eurex Clearing has been granted authorisation as a Central Counterparty (CCP) under the European Market Infrastructure Regulation (EMIR) effective from 10 April 2014.

The authorisation has been granted within the timeline communicated to our Members in Eurex Clearing circular 119/13.

The authorization as EMIR compliant CCP also determines Eurex Clearing as a qualifying CCP (QCCP) under Basel III / CRD IV. The QCCP status means that exposures of financial firms to Eurex Clearing will attract significantly lower capital requirements compared to a non-QCCP or bilateral trades. 

Please note that with the date of Eurex Clearing’s authorisation as CCP under EMIR, certain requirements as laid down in EMIR and in relevant Commission Delegated Regulations immediately become mandatory to Clearing Members of the authorised CCP such as the segregation requirements under EMIR Art 39.