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Oct 16, 2015

Eurex Clearing

Lending CCP: Amendments to the Clearing Conditions, consultation on proposed amendments of Special Provisions of Eurex Clearing AG

This circular contains information with respect to proposed amendments to the Clearing Conditions for Eurex Clearing AG (Clearing Conditions) in connection with the Lending CCP service regarding the following topics:

1. Amendments in the loan opening and closing process, i.e. pre-delivery obligation of Principal Collateral for Borrower Clearing Members.
2. Voluntary Corporate Action Clearing service including Dispute Resolution Rules.
In addition, as topic 3, this circular provides the Agreement for the Participation in Dispute Resolution Committees in connection with the Dispute Resolution Rules.
The amended sections of the Clearing Conditions (including the Dispute Resolution Rules) as well as the Agreement for the Participation in Dispute Resolution Committees, as decided by the Executive Board of Eurex Clearing AG, are attached to this circular.
The proposed amendments related to topics 1 and 2 fall within the scope of Special Provisions and are subject to a consultation process (the “Consultation”) to which Eurex Clearing AG hereby invites all affected Clearing Members to submit comments.
Further details on the Consultation process are included in this circular.