Eurex Clearing
1. Introduction
As announced and further explained in Eurex Clearing circular 037/22, Eurex Clearing AG (Eurex Clearing) introduced amendments to the Clearing Conditions of Eurex Clearing AG (Clearing Conditions), the Default Management Auction Rules and the FCM Default Rules of Eurex Clearing AG (FCM Default Rules) and conducted a Consultation regarding the following topic:
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 topic, as notified in Eurex Clearing circular 037/22, will come into effect on 1 August 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, the Default Management Auction Rules and the FCM Default Rules into account.
3. Details
Please refer to Eurex Clearing circular 037/22, for more details.
As of the effective date, the full versions of the amended to the Clearing Conditions, the Default Management Auction Rules and the FCM Default Rules will be available for download on the Eurex Clearing website www.eurex.com/ec-en/ under the following link:
Rules & Regs > Eurex Clearing Rules and Regulations
The changes and amendments to the Clearing Conditions, the Default Management Auction Rules and the FCM Default Rules 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 the FCM 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, the FCM Regulations or the FCM Default Rules, as applicable.
Attachments:
Further information
Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients and FCM Clearing Members of Eurex Clearing AG, vendors and other affected contractual parties | |
Target groups: | Front Office/Trading, Middle + Back Office, IT/System Administration, Auditing/Security Coordination | |
Related circular: | Eurex Clearing circular 037/22 | |
Contact: | client.services@eurex.com | |
Web: | www.eurex.com/ec-en/ | |
Authorized by: | Dmitrij Senko |
