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Nov 11, 2010

Eurex Clearing

Introduction of Reuse of GC Pooling® Collateral for Eurex Clearing Margining

Effective November 26, 2010, the Executive Board of Eurex Clearing AG decided to allow the reuse of GC Pooling® collateral for Eurex Clearing margining.

The new service will be offered to Eurex Clearing Members who are participating in GC Pooling® trading at Eurex Repo GmbH and using Clearstream Banking AG’s collateral management system Xemac® to fulfill the Eurex Clearing margin obligations. The service allows cash providers to allocate collateral to Eurex Clearing AG in the
scope of the GC Pooling® ECB Basket that has been received from cash takers.

The reuse will be enabled by a new Xemac® Contract Conclusion “GC Pooling® for Eurex Margining” within the existing infrastructure of Eurex Clearing AG and Clearstream Banking AG. The collateral will be managed by Xemac® in accordance with the GC Pooling® business concept. Eurex Clearing AG will accept the GC Pooling®
ECB Basket (ISIN DE000A0AE077) as eligible security for Eurex Clearing margining purposes and apply a specific Basket ISIN Haircut. The Clearing Conditions for Eurex Clearing AG have been amended to reflect the new service offering.

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