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Jan 31, 2014

Eurex Clearing

Extension of the Individual Clearing Model service: Offering of further country combinations

To further broaden the reach of its individual segregation solution,Eurex Clearing is extending its Individual Clearing Model offering to additional jurisdictions/combinations. 

With immediate effect, Clearing Members (CMs) located in Austria, Belgium, England/Wales, Finland, France, Germany, Ireland, Scotland and Spain are allowed to offer individual segregation to Non-Clearing Members/Registered Customers located in an EU-/EEA-country or Switzerland.

The offering of the Individual Clearing Model will be expanded further to France-domiciled funds, established as “fonds commun de placement” (FCPs) or as “sociétés d’investissement à capital variable” (SICAVs) for the segregation of funds in combination with a CM based in France, and to Luxembourg-domiciled fund segments for the segregation of fund segments in combination with CMs based in England/Wales, France, Germany, Luxembourg or Scotland with effect from 3 March 2014.

An overview of the currently possible jurisdictions and combinations for which the Individual Clearing Model of Eurex Clearing is available, is contained in attachment 1 of this circular.