Eurex Clearing
1. Introduction
As announced and further explained in Eurex Clearing circular 114/20, Eurex Clearing AG (Eurex Clearing) proposed changes and amendments to the Clearing Conditions of Eurex Clearing AG (Clearing Conditions) and the Default Management Committee Rules regarding the following topics and conducted a Consultation under 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 114/20, will come into effect on 1 March 2021.
2. Required action
Clearing Members, Basic Clearing Members, Disclosed Direct Clients and FCM Clearing Members of Eurex Clearing AG should take the amendments to the Clearing Conditions into account.
3. Details
Please refer to Eurex Clearing circular 114/20, item B. for details.
As of the effective date, the full versions of the Clearing Conditions will be available for download on the Eurex Clearing website www.eurex.com/ec-en/ under the following link:
Clear > Rules & Regs > 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 or FCM Clearing Conditions of Eurex Clearing AG, as applicable.
Attachments:
(numbering according to Eurex Clearing circular 114/20)
Amended sections of the following Rules and Regulations, in particular:
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 + Back Office, IT/System Administration, Auditing/Security Coordination |
Related circular: | Eurex Clearing circular 114/20 |
Contact: | client.services@eurex.com |
Web: | www.eurex.com/ec-en/ |
Authorised by: | Jens Janka |
