Amendments to the Clearing Conditions of Eurex Clearing AG – End of Consultation

1. Introduction

As announced and further explained in Eurex Clearing circular 035/20, Eurex Clearing AG (Eurex Clearing) proposed changes and amendments to the Clearing Conditions of Eurex Clearing AG (Clearing Conditions) regarding the following topics and conducted a Consultation under the Clearing Conditions:

• Amendments to the Default Management Auction Rules
• Clarifications to the Default Management Committee Rules regarding the DMC convention
• Default Management Rules for Eurex Basket Trades

Eurex Clearing has received no comments that led to further changes or amendments of the Special Provisions of the Clearing Conditions and no requests for the application of a Prolonged Notification Period.

Therefore, all changes and amendments regarding the above-mentioned topics, as notified in Eurex Clearing circular 035/20, will come into effect on 25 June 2020.

2. Required action

Clearing Members, Basic Clearing Members and Disclosed Direct Clients of Eurex Clearing AG should take the amendments to the Clearing Conditions into account.

3. Details

Please refer to Eurex Clearing circular 035/20, items D., E. and F. for details.

As of the effective date, the full versions of the Clearing Conditions, the Default Management Auction Rules and the Default Management Committee Rules will be available for download on the Eurex Clearing AG website www.eurexclearing.com under the following link:

Resources > Rules and Regulations > Clearing Conditions

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 of Eurex Clearing AG.

Attachments:
(numbering according to Eurex Clearing circular 035/20)

• 4 – Amended sections of Numbers 3.3.1, 3.3.3, 3.4.1, 3.4.3, 3.6.1, 3.7, 4.3.2 of the Default Management Auction Rules and Clearing Agent Participant Appointment Form, Client Participant Appointment Form, Bidding Agent Appointment Form, Selected Auction Participant Appointment Form
• 5 – Amended sections of Numbers 3.1.3, 3.2.1-3.2.3 of the Default Management Committee Rules
• 6A – Amended sections of Chapter I Part 1 Number 7.5.5 of the Clearing Conditions
• 6B – Chapter II Part 2 Number 2.25.7, Part 4 Number 4.1 of the Clearing Conditions

Further information