A member of
Eurex Clearing
1. Introduction
As announced and further explained in Eurex Clearing circular 065/21, Eurex Clearing AG proposed changes and amendments to the legal framework of Eurex Clearing AG with respect to the following topic 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 to the Default Management Committee Rules regarding the above-mentioned topic, as notified in Eurex Clearing circular 065/21, will come into effect on 20 September 2021.
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 065/21, item B., for details.
As of the effective date, the full version of the Default Management Committee Rules will be available for download on the Eurex Clearing AG website www.eurex.com/ec-en/ under the following link:
Rules & Regs > Rules and Regulations > Default Management Committee Rules
The 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 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.
Attachment:
Further information
Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients 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 065/21 | |
Contact: | client.services@eurex.com | |
Web: | www.eurex.com/ec-en/ | |
Authorized by: | Jens Janka |