A member of
Eurex Clearing
1. Introduction
This circular contains information with respect to the ongoing licensing process of Eurex Clearing AG, in order to obtain an OTC IRD clearing license in Japan. In order to set the legal basis, the Clearing Conditions and Appendix 1 to the Clearing Conditions (Clearing Agreement) as well as the FCM Regulations of Eurex Clearing AG will be amended, as set out in the attachments.
The amended Clearing Conditions (including Appendix 1) and the FCM Regulations will come into effect on 2 March 2020.
2. Required action
There are no required actions for the Participants.
3. Details
The Clearing Conditions and the Appendix 1 to the Clearing Conditions as well as the FCM Regulations of Eurex Clearing AG will be amended as follows:
As of the effective date, the full version of the amended Clearing Conditions and FCM Regulations will be available for download on the Eurex Clearing website www.eurexclearing.com under the following link:
Resources > Rules and Regulations
The changes and amendments to the legal framework of Eurex Clearing AG published by this circular are deemed accepted by each affected contractual party of Eurex Clearing AG, unless the respective contractual party objects by written notice to Eurex Clearing AG within the first ten (10) Business Days after publication. Any ordinary right of Eurex Clearing AG to terminate the respective contract (including a Clearing Agreement, if applicable) shall remain unaffected.
Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions or FCM Clearing Conditions of Eurex Clearing AG, as applicable.
Attachments:
Further information
| Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients, FCM Clearing Members of Eurex Clearing AG and vendors |
| Target Groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination |
| Contact: | client.services@eurexclearing.com |
| Web: | www.eurexclearing.com |
| Authorised by: | Heike Eckert |