Eurex Clearing
1. Introduction
This circular contains information with respect to Eurex Clearing’s service offering and corresponding amendments to the Clearing Conditions of Eurex Clearing AG (Clearing Conditions) and Price List of Eurex Clearing AG (Price List) regarding to the following topic:
The amendments will become effective as of 9 May 2022.
2. Required action
There is no required action for the participants.
3. Details of the initiative
Trading of EUR Secured Funding Futures (FLIC) was suspended by Eurex Deutschland effective 20 September 2021. Eurex Clearing AG therefore will discontinue the clearing services for EUR Secured Funding Futures (FLIC).
Please refer to Eurex Circular 039/22 for detailed trading-related information and the amendments of the relevant rules and regulations of Eurex Deutschland.
To reflect this decision in the legal framework of Eurex Clearing AG, the following provisions will be amended as outlined in Attachments 1 and 2:
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.
Attachment:
Further information
Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, all FCM Clearing Members, other affected contractual parties, vendors and other affected contractual parties | |
Target groups: | Front Office/Trading, Middle + Back Office, IT/System Administration, Auditing/Security Coordination | |
Contact: | client.services@eurex.com | |
Web: | www.eurex.com/ec-en/ | |
Related circular: | Eurex circular 039/22 | |
Authorized by: | Jens Janka |
