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May 17, 2019

Eurex Clearing

Equity Total Return Futures and Basket Trades of Equity Total Return Futures: Amendments to the Clearing Conditions – End of Consultation

As announced and further explained in Eurex Clearing circular 041/19, Eurex Clearing proposed changes and amendments to the Clearing Conditions regarding the following topic and conducted a Consultation under the Clearing Conditions:

  • Equity Total Return Futures (“Equity TRF”) and Basket Trades of Equity Total Return Futures (“Basket TRF”)

Eurex Clearing has received no comments that led to further changes or amendments of the Default Management Committee Rules and no requests for the application of a Prolonged Notification Period.

Therefore, all changes and amendments as notified in number 2 of the abovementioned Eurex Clearing circular will come into effect on 29 July 2019.

As of the effective date, the full version of the amended Clearing Conditions will be available for download on the Eurex Clearing website www.eurexclearing.com under the following link:

Resources > Rules and Regulations > Clearing Conditions

The changes and amendments to the legal framework of Eurex Clearing AG published by this circular are deemed accepted by each affected contractual party of Eurex Clearing AG, unless the respective contractual party objects by written notice to Eurex Clearing AG within the first ten (10) Business Days after publication. Any ordinary right of Eurex Clearing AG to terminate the respective contract (including a Clearing Agreement, if applicable) shall remain unaffected.


Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions.

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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