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Dec 13, 2013

Eurex Clearing

EurexOTC Clear IRS - fee waiver until 2016: Amended qualification requirements

In its circulars 076/13 and 133/13, Eurex Clearing announced the conditions to qualify for the fee waiver programme. Due to the approaching year-end IT freeze and the extensive demand experienced from Clearing Members and their Registered Customers wishing to take advantage of the fee waiver we have decided to simplify two elements of the requirements to qualify for the waiver as follows:

The deadline for the requirement to complete the connection to the Common Report Engine (CRE) has been moved to 14 March 2014.

The qualification has been extended to affiliated companies of a Registered Customer that fulfils the On-Boarding Requirements Step 1 (mentioned in this circular) by year-end 2013.

This circular lists the minimum requirements for qualification for the fee waiver which must be fulfilled by 31 December 2013 and those that need to be completed by 14 March 2014 for admission as a Registered Customer.