A member of
Eurex Clearing
On 8 April 2013 Eurex Clearing introduced the Individual Clearing Model for Investment Companies (Kapitalanlagegesellschaften, KAG) under German law for the clearing of OTC transactions allowing the segregation per fund asset (“Sondervermögen”). Following the need of fund managers for more flexibility in the usage of the Individual Clearing Model, Eurex Clearing will extend its segregation service to fund segments starting on 10 June 2013. Thereby fund managers may choose segregation on fund asset respectively on fund segment level, depending on the desired level of protection. Beyond that Eurex Clearing will amend its Clearing Conditions in particular related to the legal termination events of a Clearing Member or Eurex Clearing itself to further improve clarity and legal certainty. Attached to this circular you will find the amended sections of the Clearing Conditions for Eurex Clearing AG (Clearing Conditions) including the amended Appendices, as decided by the Executive Board of Eurex Clearing AG, which will come into effect on 10 June 2013. In addition, Eurex Clearing announces that it extends its transaction fee holidays for the EurexOTC Clear Service for Interest Rate Swaps (IRS) until 30 September 2013.