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Feb 15, 2019

Eurex Clearing

Amendments to the Clearing Conditions and FCM Regulations: Introduction of possible actions in case of a market disorder, impossibility and force majeure

On 25 January 2019, Eurex Clearing AG (Eurex Clearing) published in Circular 007/19 amendments to the Clearing Conditions of Eurex Clearing (Clearing Conditions) and the FCM Regulations of Eurex Clearing (FCM Regulations) introducing possible actions to be taken by Eurex Clearing in case of a market disorder, legal impossibility and force majeure (Force Majeure Clause).

Due to several comments received from Clearing Members and FCM Clearing Members, Eurex Clearing decided to further enhance the Force Majeure Clause in the Clearing Conditions and the FCM Regulations as outlined in this circular.

The amended sections of the Clearing Conditions and the FCM Regulations, as resolved by the Executive Board of Eurex Clearing, are attached to this Circular.

The amendments will come into effect on 11 March 2019.

The amendments to the Clearing Conditions and the FCM Regulations announced in Circular 007/19 shall not enter into force on 18 February 2019.

Market Status ⓘ

XEUR

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message. 

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

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