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Eurex Clearing
With this circular Eurex Clearing provides detailed information on the introduction timeline of a Supplementary Margin based on the Eurex Clearing Prisma margin methodology. This Supplementary Margin will only affect accounts of respective Clearing Members which have not yet been migrated to Prisma. The introduction of the Supplementary Margin will become effective as follows:
| Proprietary (P and M accounts): | 18 August 2015 |
| Client business (A1-A9 accounts): | 5 October 2015 |
| Non-Clearing Members and Registered Customers (all accounts): | 5 October 2015 |
The Supplementary Margin will be charged automatically as part of the end-of-day processing. Affected Clearing Members will be called for more collateral as part of the standard process without further notice. The materiality threshold will be initially set to 50 million in clearing currency (i.e. euro or Swiss franc). It will be reduced as the decommissioning of Risk-based Margining (RBM) for derivatives approaches. The Supplementary Margin will be removed upon migration to Prisma.