A member of
Eurex Clearing
1. Introduction
Eurex Clearing AG (Eurex Clearing) will conduct the next simulation of its Default Management Process (DMP).
Simulation start: 5 October 2020
Simulation end: 9 October 2020
2. Required action
Clearing Members whose participation in the simulation is mandatory will be contacted directly by Eurex Clearing. All other Clearing Members or Disclosed Direct Clients may participate in the simulation on a voluntary basis using the attached registration form.
3. Details
Eurex Clearing will simulate the default of a Clearing Member with open positions in the following liquidation groups:
I. Exchange-traded equity and equity index derivatives
II. Exchange-traded and OTC interest rate derivatives
III. Exchange-traded repo und GC Pooling transactions
Further information, including the document “2020 DMP Simulation Guide”, can be retrieved from the Member Section of the Eurex Clearing website www.eurexclearing.com under the following path: Risk & Collateral Management > Default management process.
If you have any questions or need further information, please contact Risk Exposure Management at tel. +49-69-211-1 24 52 or the Default Management Team directly via e-mail: dmp_inbox@eurexclearing.com.
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.
Attachment:
Further information
Recipients: | All Clearing Members, FCM 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 |
Contact: | Risk Exposure Management: tel. +49-69-211-1 24 52, Default Management: dmp_inbox@eurexclearing.com |
Web: | www.eurexclearing.com |
Authorised by: | Dmitrij Senko |