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Eurex Bonds
With this circular, Eurex Bonds announces its eligible platform status for Danish bonds as of 1 January 2014.
As of 18 November 2013, Eurex Clearing’s new “home market settlement for Danish bonds” will become effective (please see Eurex Clearing circular 124/13).
Eurex Bonds Participants have two ways to settle Danish bonds:
1. Direct settlement at the local Danish central securities depository (CSD) VP Securities A/S or
2. Use an Agent, e.g. an international securities depository (ICSD) to link to VP Securities A/S
Eurex Bonds Participants need to instruct trades themselves and can use dedicated settlement instruction reports CE580 (in SWIFT format MT54x) to instruct in a fast and efficient way. Alternatively, it is possible to provide a Power of Attorney (PoA) to Danske Bank which is the Settlement Agent of Eurex Clearing AG linking to Clearstream Banking Luxembourg (CBL). Eurex Clearing AG cannot send automatic settlement instructions via PoA for the Participants. All trades in Danish bonds are netted via trade date netting.
All Participants are asked to fill in the attached form to specify their local VP Securities A/S account and return it until 15 November 2013.
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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