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Eurex Clearing
1. Introduction
This circular introduces amendments to the interest rate Eurex Clearing AG applies to calculate customer interest rates for Eligible Margin Assets in the form of cash delivered in Swiss Francs.
The change will be published on Eurex Clearing's website www.eurex.com/ec-en/ and will become effective on 28 September 2022.
2. Required action
There is no action required.
3. Details of the initiative
In response to the changed interest and market environment in CHF, Eurex Clearing will until further notice calculate customer interest rates for Margin in the form of cash provided in CHF on the basis of interest earned through the placement of funds instead of predefined benchmark rates.
The Eurex Clearing website will be amended accordingly under the following link:
Services > Collateral management > Cash collateral > Interest rates on cash collateral
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.
Further information
Recipients: | All Clearing Members, FCM Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, vendors and other affected contractual parties | |
Target groups: | Front Office/Trading, Middle + Backoffice | |
Contact: | client.services@eurex.com | |
Web: | www.eurex.com/ec-en/ > Services > Collateral management > Cash collateral > Interest rates on cash collateral | |
Authorized by: | Matthias Graulich |