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Dec 18, 2014

Eurex Clearing

Extension of the clearing services offering, amendments to the Clearing Conditions and General Terms and Conditions

This circular contains information with respect to extension of Eurex Clearing’s clearing service offering, amendments to the Clearing Conditions and the General Terms and Conditions in the following areas:

  1. Offering of clearing services regarding OTC IRS to Registered Costumers (RC) located in Bermuda and the United Arab Emirates (UAE)
  2. Amendments regarding the forward obligation under the Individual Clearing Model (ICM) in relation to cash and securities income
  3. Editorial changes to terms for ISDA Interest Rate Derivative Transactions
  4. Amendments to the Non-Clearing Member (NCM)/Registered Customer (RC) Default Rules
  5. Set-off in relation to GC Pooling® Transactions
  6. Contractual penalties for failure to deliver
  7. Extension of scope of application of the General Terms and Conditions to the Connection Agreement for the technical connection to the clearing infrastructure

The wording of the amended provisions of the afore mentioned rules and regulations as adopted by the Executive Board of Eurex Clearing are attached to this circular.

The amendments to the Clearing Conditions with respect to

  • items 2, 3, 4, 5 and 6 will come into effect on 2 February 2015 and

the amendments to the General Terms and Conditions with respect to

  • item 7 will come into effect on 16 February 2015.