Find
Sep 19, 2014

Eurex Clearing

Variance Futures: Introduction of product group for Multiple Clearing Relationship (MCR)

Effective 15 October 2014, Eurex Clearing will introduce a specific MCR Product Group for Variance Futures products.

If a Non-Clearing Member decides to assign clearing of Eurex Exchange transactions to more than one Clearing Member, the Non-Clearing Member must select the MCR Product Groups to be cleared in each Clearing Agreement. As of 15 October 2014, the NCM will have to select the specific MCR Product Group “Variance Futures Products” for clearing of Variance Futures.

This circular provides information on the required amendments to the Appendixes 2-4 and 8 of the Clearing Conditions for Eurex Clearing AG (Clearing Conditions).

The amended sections of the Clearing Conditions are attached to this circular and will come into effect on 15 October 2014.