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Oct 15, 2012

Eurex Clearing

Eurex Clearing Prisma: Modified introduction approach

Eurex Clearing is modifying its approach for the introduction of Eurex Clearing Prisma in order to ensure a smooth integration and a fluent migration of Clearing Members to the new margin methodology.

Eurex Clearing will be production ready with the Eurex Clearing Prisma margin methodology on 13 December 2012. From this day onwards, the new margin methodology will run in parallel to Risk Based Margining (RBM) with the full product scope supported in Release 1 of Eurex Clearing Prisma, specifically equity derivatives and equity index derivatives. During this period Eurex Clearing will continue to apply the RBM figures in the margining process towards the Clearing Members, whilst Eurex Clearing Prisma results and reports will be validated on a daily basis by Eurex Clearing.

The start of the Member onboarding phase in production is scheduled for early Q1 2013. From this time onwards, Clearing Members can migrate their equity and equity index derivatives products onto the Eurex Clearing Prisma margin methodology and can benefit from the new portfolio margin approach.

The Eurex Clearing Prisma simulation environment continues to be available, hence Members and Vendors can use the simulation environment to prepare for their individual Eurex Clearing Prisma readiness. An updated Simulation Guide and Simulation Calendar, reflecting the modified introduction approach, will be published shortly.

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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