Consultation on amendments to the Clearing Conditions and related documents; further amendments to other documents of Eurex Clearing AG

This circular contains information on proposed amendments and on amendments to the legal framework of Eurex Clearing AG (“Eurex Clearing”). Eurex Clearing proposes a revision of its rulebook and related documents to further reduce the complexity of the legal framework and to serve Clearing Members and their clients with an increased flexibility in functional set-ups accompanied with a facilitated on-boarding process.

Consultation

Some of the planned amendments fall within the scope of Special Provisions of the Clearing Conditions of Eurex Clearing (“Clearing Conditions”), and are subject to a consultation process (“Consultation”). All amendments combined in Attachment 1 will be part of the Consultation.

In particular, Eurex Clearing proposes the introduction of Chapter I Part 1 Number 18 of the Clearing Conditions, by which Eurex Clearing will terminate all tri-partite Clearing Agreements entered into with Clearing Members and current Non-Clearing Members and Registered Customers under the Elementary Clearing Model Provisions with effect as of 31 December 2019.

The Consultation will commence on 1 December 2018 and shall end on 2 January 2019 at midnight (Consultation Period). Subject to consultation, the planned changes shall become effective by 28 January 2019.

Further amendments

Subsequent amendments to other parts of Eurex Clearing’s legal framework as combined in Attachment 2 will become effective as of 28 January 2019. Please refer to Attachment 2 and the summary below.

Attachments:

Attachment 1: Chapters I, II, IV, V, VI, VIII and IX of the Clearing Conditions, Appendices 1, 2, 3, 4, 6, 7, 9, 10, 11, 12 and 13 to the Clearing Conditions; the Default Management Committee Rules and the Default Management Auction Rules
Attachment 2: Agreement on the Technical Connection to the Clearing EDP of Eurex Clearing AG for a Provider of the Multi-Member-Frontend System; the General Terms and Conditions to the Agreement on Technical Connection to the Clearing EDP; The Price List to the Agreement on Technical Connection to the Clearing EDP of Eurex Clearing AG; the Statutes for the EMIR Risk Committee; the Statutes of the FIC Board Advisory Committee; the Auction Terms of Eurex Clearing AG; the Disciplinary Procedures Rules; the Dispute Resolution Rules; the Price List of Eurex Clearing AG
Attachment 3: Form for appointment of individuals entitled to submit comments

Consultation on amendments to the Clearing Conditions and related documents; further amendments to other documents of Eurex Clearing AG

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