A member of
Eurex Clearing
Eurex Clearing AG (Eurex Clearing) enhances the default management process (DMP) for Eurex Bonds, Eurex Repo and GC Pooling Repo Transactions, to further increase transparency and to adjust processes to changed market conditions, while considering product characteristics:
The amended sections of the Clearing Conditions of Eurex Clearing AG (Clearing Conditions), the Default Management Auction Rules and the Default Management Committee Rules, as decided by the Executive Board of Eurex Clearing, following a respective recommendation by the EMIR Risk Committee, are attached to this circular.
The planned amendments fall within the scope of Special Provisions of the Clearing Conditions and are subject to a consultation process to which Eurex Clearing hereby invites all Clearing Members, Non-Clearing Members, Registered Customers and Basic Clearing Members to submit comments.
The effective date of the planned amendments will be announced by Eurex Clearing in a separate circular, which will be published no less than 15 business days before such effective date.