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Mar 29, 2012

Eurex Clearing

Corporate Actions & Fixed Income Instruments

1. Other Corporate Actions: Process Change from Fines to Disclosure, 2. Reduction of Buy-In Fee for Fixed Income Instruments, 3. Introduction of Fixed Income Instruments traded on the FWB® into the Clearing

This circular informs about the following changes:

  1. For other corporate actions there is a process change from fines, for which details were provided with Eurex Clearing circular 052/11, to a possible disclosure.
  2. The buy-in fee for the failure to deliver fixed income instruments will be reduced from 10 percent to 0.1 percent of the value of the securities owed. Minimum and maximum amounts remain unchanged.
  3. Clearing and service fees in the Price List for Eurex Clearing AG were adjusted in order to consider clearing of fixed income instruments traded at the FWB®.

The updated Clearing Conditions and CCP Release 7.0 - Buy-In User Guide FWB and Eurex Exchanges will become effective on April 16, 2012. The updated Price List will become effective on May 2, 2012.

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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