Porting under LSOC

Mandatory prerequisites

FCM Clearing Member Replacement Requirements, infrastructure setting and required forms

The porting of FCM Client Transactions and Eligible Margin Assets  to a Replacement FCM Clearing Member does - from an operational perspective - not only require the fulfilment of the FCM Clearing Member Replacement Requirements, in addition a potential Replacement FCM Clearing Member must also provide certain forms and documents prior to the end of the Replacement Cut-Off Time to ensure the set-up and migration of the FCM Clients into its Eurex Clearing AG environment: 

Required activitiesRelated document template

(1)

Replacement FCM Clearing Member has entered into a Replacement FCM Clearing Member Transfer Agreement

LSOC Transfer Agreement
Porting Data File
 

(2)

Replacement FCM Clearing Member has represented to Eurex Clearing AG that it meets the minimum funding requirements of CFTC Regulation 1.17 (a) (4)

Replacement FCM Clearing Member Porting Declaration

(3)

Pay or commit to pay the outstanding Margin and/ or Variation Margin for the transactions of the transferred porting units

(4)

If the Affected FCM Clearing Member is the subject of an Insolvency Termination Event: the CFTC or Bankruptcy Trustee (or comparable party administering the proceeding) has consented (or not disapproved) the Transfer

Additional requirements

(5)

Account set-up information Please log-in to the Company Admission Tool in our Member Section 


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