A member of
Eurex Clearing
On 27 May 2013, Eurex Clearing launched Eurex Clearing Prisma Release 1.0, the new state-of-the-art risk system. Applying a Portfolio Based Risk Management method, Eurex Clearing Prisma sets new industry standards in CCP risk management and improves market safety and integrity. With this circular, Eurex Clearing announces the introduction of Eurex Clearing Prisma Release 2.0. The scope of Release 2.0 will cover Fixed Income derivatives and will offer cross margining of Interest Rate Swaps and listed Fixed Income products. Eurex Clearing Prisma Release 2.0 will go into production on Monday, 26 May 2014.
This circular provides detailed information regarding the extension of the product scope, the benefits of cross margining between listed Fixed Income (FI) products and products cleared through the EurexOTC Clear service for Interest Rate Swaps (IRS) and improvements of the methodology. Eurex Clearing announces the high-level implementation plan and communication calendar for the introduction of Eurex Clearing Prisma Release 2.0.
In order to help Clearing Members and interested clients to analyse cross margining benefits already before the implementation of Release 2.0, Eurex Clearing offers to carry out individual calculations for users of cross margining. For this prototype calculation service, Members may send a mixed portfolio of listed and OTC products to Eurex Clearing’s service starting 30 September 2013.