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Eurex Clearing
As already confirmed with Eurex Clearing circulars 048/14, 078/14 and 111/14, the contractual settlement period for transferable securities will be shortened from three business days after the execution day (T+3) to two business days after the execution day (T+2) effective as of 6 October 2014 in order to be compliant with CSD Regulation Article 5.
By means of this circular Eurex Clearing announces the required amendments to the Clearing Conditions for Eurex Clearing AG (Clearing Conditions) for affected markets and respective financial instruments resulting out of migration to T+2 settlement.
Any products, which currently already have a contractual settlement period of T+2 will not be affected by this change. Please also note that Spanish securities will continue to settle within a settlement cycle of T+3 due to later migration to T+2 settlement in the home market which is intended for fourth quarter 2015.
The amended sections of the Clearing Conditions are attached to this circular and will come into effect on
6 October 2014.