Eurex Clearing AG (Eurex Clearing) has been granted authorization as a Central Counterparty (CCP) under the European Market Infrastructure Regulation (EMIR) on 10 April 2014. The authorization as EMIR-compliant CCP also determines Eurex Clearing as a qualifying CCP (QCCP) under Capital Requirements Regulation (CRR).
The QCCP status means that exposures of financial firms to Eurex Clearing will result in significantly lower capital requirements compared to non-QCCP or bilateral trades.
In line with EMIR requirements, Eurex Clearing regularly assesses its compliance with EMIR. These self-assessments also consider all relevant level 2 (Regulatory and Implementing Technical Standards) and level 3 (EMIR Q&A as well as Guidelines) texts and are conducted regularly.