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Eurex Clearing
Eurex Clearing implements the first two Liquidation Groups (LGs): the Equities Liquidation Group and the IRS Liquidation Group. LGs comprise products with similar risk characteristics, between which margin offsets will be granted and which will be liquidated simultaneously in case of a Clearing Member’s default.
The go-live of the Equities LG and the IRS LG triggers:
- the implementation of a Default Management Committee (DMC) for each of these LGs, in accordance with Chapter I Part 1 Number 7.5.1 (1) of the Clearing Conditions for Eurex Clearing AG (Clearing Conditions), and
- the segmentation of the General Clearing Fund, in accordance with Chapter I Part 1 Number 6.2.1 of the Clearing Conditions to become effective.
As of 13 January 2014, a complete list of all products comprised in each respective LG will be available on the Eurex Clearing website under the link:
Risk management > Risk parameters
The implementation of the Equities LG and the IRS LG has been approved by the Executive Board of Eurex Clearing AG on 4 December 2013 and by the Supervisory Board of Eurex Clearing AG on 12 December 2013, after previous consultation with the Risk Committee. The changes will come into effect on 13 January 2014.