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Dec 04, 2013

Eurex Clearing

Euro GC Pooling®: Extension of trading hours for overnight transactions

Currently, Euro GC Pooling®transactions with front legs to be settled on the same day (Euro GC Pooling®overnight transactions) can be concluded on the Eurex Repo®trading platform until 16:00 CET. Up to this point in time, Eurex Clearing performs the clearing and enters into these transactions upon conclusion.

Starting 19 December 2013, Eurex Clearing will extend clearing of Euro GC Pooling®overnight transactions in order to enable an extension of trading hours on Eurex Repo® until 17:00 CET.

A threshold of EUR 1 billion for pending Euro GC Pooling®cash provider transactions due to lack of cash is implemented for Euro GC Pooling®overnight transactions concluded after 16:00 CET.

Trading hours for trading in other currencies as well as non-overnight transactions will not be affected.

Irrespective of the extension of trading hours, the Clearing Conditions for Eurex Clearing AG have been amended with regard to the delayed settlement in non-euro currencies.