A member of
Eurex Clearing
1. Introduction
As announced and further explained in Eurex Clearing circular 047/20, Eurex Clearing AG (Eurex Clearing) proposed changes and amendments to the Clearing Conditions of Eurex Clearing AG (Clearing Conditions) and to the website of Eurex Clearing www.eurexclearing.com regarding the following topics and conducted a Consultation in accordance with the Clearing Conditions:
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 047/20 (and as attached to this circular), will come into effect on 3 August 2020.
2. Required action
Clearing Members, Basic Clearing Members and Disclosed Direct Clients of Eurex Clearing AG should take the amendments to the Eurex Clearing website and the Clearing Conditions into account.
3. Details
Please refer to Eurex Clearing circular 047/20 for details.
As of the effective date, the amended version of the Eurex Clearing website www.eurexclearing.com and the full version of the Clearing Conditions will be available for download on the Eurex Clearing website under the following links:
Risk management > Default Waterfall > Default Fund
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:
Further information
Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, vendors and other affected contractual parties |
Target groups: | Front Office/Trading, Middle + Back Office, IT/System Administration, Auditing/Security Coordination |
Related circular: | Eurex Clearing circular 047/20 |
Contact: | client.services@eurexclearing.com |
Web: | www.eurexclearing.com |
Authorised by: | Dmitrij Senko |