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Eurex Clearing
With Eurex Clearing circular 068/14, Eurex Clearing announced the extension of clearing services to One-Month EUR Secured Funding Futures effective 10 September 2014.
On 17 July 2014, the ECB published an updated Indicative Reserve Maintenance Period calendar which no longer reflects the exact monthly basis. After a market consultation, the Management Board of Eurex Deutschland and the Executive Board of Eurex Zürich AG decided to amend the contract specifications in order to reflect the new 42 to 49 days cycle. Consequently, Eurex Clearing changed the clearing offer for One-month EUR Secured Funding Futures accordingly and will offer clearing services for this product starting 12 November 2014. Furthermore and for reasons of consistency, it was decided to rename the futures to EUR Secured Funding Futures.
This circular contains information on clearing of the new product as well as the updated sections of the relevant Rules and Regulations of Eurex Clearing AG. Specific information on the introduction of the new product and the updated sections of the relevant Rules and Regulations of Eurex Deutschland and Eurex Zürich AG are contained in Eurex circular 177/14.