A member of
Eurex Clearing
Eurex Clearing AG hereby informs you that Eurex Clearing AG has initiated the porting process with respect to the Elementary Omnibus Transactions (customer transactions) under the Elementary Omnibus Standard Agreement of the Clearing Member Maple Bank GmbH (Member ID: FMBFR).
On 6 February 2016, BaFin issued a ban on disposals and payments (Moratorium) with respect to Maple Bank GmbH. As a consequence, a Termination Event pursuant to Chapter I Part 1 Number 7.2.1 (7) of the Clearing Conditions has occurred with respect to Maple Bank GmbH and Eurex Clearing AG declared the Termination by sending a Termination Notice to Maple Bank GmbH pursuant to Chapter I Part 1 Number 7.2.1 (ii) of the Clearing Conditions with respect to Maple Bank GmbH’s Elementary Omnibus Standard Agreement on 8 February 2016.
Attached to this circular, Eurex Clearing AG publishes the Porting Notice pursuant to Chapter I Part 2 Number 8.3.2 of the Clearing Conditions with respect to the Elementary Omnibus Standard Agreement of Maple Bank GmbH. Upon the publication of the Porting Notice, the Porting Period commences and it will end immediately following 13:00 (Frankfurt am Main local time) on 9 February 2016.
It is the responsibility of the relevant customers of Maple Bank GmbH and the relevant Replacement Clearing Member to fulfil the porting requirements pursuant to Chapter I Part 2 Number 8.3.3 of the Clearing Conditions by 13:00 (Frankfurt am Main local time) on 9 February 2016 in order to initiate the porting process.
All Clearing Members, which are interested in becoming a Replacement Clearing Member with respect to Maple Bank GmbH’s Elementary Omnibus Standard Agreement are invited to contact Eurex Clearing AG under tel. +49-69-211-1 33 99 or e-mail: EurexClearing.Default.Management@eurexclearing.com.