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Jun 27, 2014

Eurex Clearing

GC Pooling®, all baskets: Limits for allocated securities of issuer SAREB (Sociedad de Gestión de Activos procedentes de la Reestructuración Bancaria)

Eurex Clearing sets the limit for allocated securities in all GC Pooling® baskets of issuer SAREB (Sociedad de Gestión de Activos procedentes de la Reestructuración Bancaria) for all Clearing Members with immediate effect as follows:

- The issuer itself remains excluded from the list of eligible issuers for the Repo Market (GC Pooling® in particular)

- Only issues of this issuer guaranteed by the Kingdom of Spain will be included on a case-by-case basis

-The risk parameters will be set based on the credit assessment of the guarantor (i.e. Kingdom of Spain)

- The maximum amount will be limited to EUR 1 billion per Clearing Member for instruments issued by SAREB and guaranteed by the Kingdom of Spain