23 Dec 2021

Eurex Clearing

Amendments to the Clearing Conditions and Default Management Committee Rules of Eurex Clearing AG - End of Consultation

Eurex Clearing Circular 113/21 Amendments to the Clearing Conditions and Default Management Committee Rules of Eurex Clearing AG - End of Consultation

1. Introduction

As announced and further explained in Eurex Clearing circular 103/21, Eurex Clearing AG (Eurex Clearing) proposed, among other things, changes and amendments to the Clearing Conditions and the Default Management Committee Rules of Eurex Clearing AG regarding the following topic and conducted a Consultation under the Clearing Conditions:

  • Default Management Committee (DMC) convention rules

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 103/21, will come into effect on 1 February 2022.

2. Required action

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

3. Details

Please refer to Eurex Clearing circular 103/21, item 3.A., for details.

As of the effective date, the full versions of the Clearing Conditions and DM Committee Rules will be available for download on the Eurex Clearing AG website www.eurex.com/ec-en/ under the following link:

Rules and Regs > Rules and Regulations

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.

Attachments:
(numbering according to Eurex Clearing circular 103/21)

  • 1.A. – Amended sections of the Clearing Conditions
  • 1.B. – Amended sections of the Clearing Conditions
  • 2 – Amended sections of the Default Management Committee Rules


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 103/21

Contact:

client.services@eurex.com

Web:

www.eurex.com/ec-en/

Authorized by:

Jens Janka