Amendments to the Clearing Conditions and Price List of Eurex Clearing AG

1.  Introduction

This circular contains information of Eurex Clearing AG (Eurex Clearing) with respect to the amendments to the Clearing Conditions of Eurex Clearing AG (Clearing Conditions) and to the Price List of Eurex Clearing AG (Price List) regarding the re-classification of the Money Market Derivatives as Money Market Index Derivatives, as detailed in Eurex Circular 071/23.

The amendments will become effective as of 2 October 2023. 

2.  Required action

There is no required action for the participants.

3.  Details of the initiative 

The Money Market Derivatives will be re-classified as Money Market Index Derivatives at Eurex Deutschland as of 2 October 2023, as detailed in Eurex Circular 071/23.

Accordingly, the Executive Board of Eurex Clearing AG took the decision to apply the necessary amendments to the Clearing Conditions and Price List with effect as of 2 October 2023.

The following provisions will be amended as outlined in Attachments 1 and 2:

• Chapter II Part 2 Number 2.2 and Part 3 Number 3.2 of the Clearing Conditions

• Numbers 3.1, 3.3, 3.4, 3.7 and 3.8 of the Price List

As of the effective date, the full versions of the amended legal framework of Eurex Clearing will be available for download on the Eurex Clearing website www.eurex.com/ec-en/ under the following link:

Rules & Regs > Eurex Clearing Rules & 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 prior to the relevant effective date(s) as stipulated in this circular. In case of an objection by the respective contractual party pursuant the preceding sentence, Eurex Clearing AG is entitled to terminate the respective contract (including a Clearing Agreement, if applicable). Instead of submitting an objection, the respective contractual party may submit in writing to Eurex Clearing AG comments to any amendments of the legal framework of Eurex Clearing AG within the first 10 Business Days after the publication of the amendments. Eurex Clearing AG shall assess whether these comments prevent the published amendments from becoming effective taking into account the interests of Eurex Clearing AG and all contractual parties.

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:

• 1 – Amended sections of the Clearing Conditions of Eurex Clearing AG
• 2 – Amended sections of the Price List of Eurex Clearing AG

Further information