AUD & NZD payments: JP Morgan Chase Bank N.A. London Branch as cash-location and processing changed to T+2

1.    Introduction

Effective 17 August 2026, Eurex Clearing AG (ECAG) will offer JP Morgan Chase Bank N.A. London Branch as an official settlement bank for AUD & NZD clearing business. 

In this context, the following changes will apply effective 17 August 2026:

• ECAG’s settlement processing time for AUD & NZD will be changed from T+1 to T+2
• AUD will be substituted with EUR as cash-collateral currency
• Amendments to the Clearing Conditions of Eurex Clearing AG (Clearing Conditions) to reflect the T+2 settlement of relevant currencies

Production start: 17 August 2026
 

2.    Required action

There is no action required for participation.
 

3.    Details of the initiative

Eurex Clearing AG will add JP Morgan Chase Bank N.A. London Branch as cash-location for AUD and NZD related payments. This will complement the existing cash-location infrastructure supported by ANZ Bank (Australia and New Zealand Banking Group Limited for AUD, ANZ Bank New Zealand Limited for NZD). As such, ECAG’s Clearing Members can choose ANZ Bank and JP Morgan London for AUD and NZD related payments. 

To facilitate this change, Eurex Clearing AG will change the processing time for AUD and NZD payments from T+1 to T+2. 

Eurex Clearing AG will discontinue the use of AUD as a cash-collateral currency, as it is currently not being utilized by any Clearing Members. Clearing Members can refer to EUR for intra-day margin calls during early morning hours, with EUR payments being supported from 2:30 CET.

Since the Clearing Conditions illustrate the currencies offered in T+1 and T+2, appropriate adjustments were made in order to correctly reflect the changes previously mentioned.
 

A.    Amendments to the legal framework of Eurex Clearing AG
 

To reflect this decision in the legal framework of Eurex Clearing AG, the following provisions will be amended  as outlined in the Attachment:

• Chapter II Part 1 Subparts 1.2 (9) of the Clearing Conditions of Eurex Clearing AG

As of the effective date, the full versions of the amended Clearing Conditions will be available for download on the Eurex Clearing website under the following link: Eurex Clearing Rules and 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.
 

Attachment:

• Amended Sections of the Clearing Conditions of Eurex Clearing AG

Further information