Amendments to the FCM Regulations of Eurex Clearing AG: Introduction of Compression Services for FCM Clients

1.  Introduction

This circular contains information with respect to the service offering of Eurex Clearing AG (Eurex Clearing) and introduces amendments to the FCM Regulations of Eurex Clearing AG (FCM Regulations) regarding the introduction of compression services for FCM Clients.

The amendments to the FCM Regulations will become effective on 22 January 2026.

2.  Required action

FCM Clearing Members and FCM Clients, vendors and other affected contractual parties should take the amendments to the FCM Regulations into consideration.

3.  Details

Currently, Eurex Clearing provides client compression services to direct clients under the clearing modes offered under the Clearing Conditions and now intends to extend this functionality to the FCM Clients clearing under the FCM Regulations. Although Eurex Clearing currently supports compression services under the FCM Regulations, it is presently restricted to the FCM Clearing Members' proprietary business.

To reflect these amendments, the following provisions in the FCM Regulations will be amended as outlined in the Attachment:

• Chapter II Part 2 Number 2.5.1

As of the effective date, the amended full version of Chapter II of the FCM Regulations will be available for download on the Eurex Clearing website www.eurex.com/ec-en/ under 2. FCM Regulations and FCM Default Rules.

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.
 

Attachment:

• Amended section of Chapter II of the FCM Regulations of Eurex Clearing AG

Further information