A member of
Eurex Clearing
As announced with Eurex Clearing circular 022/09, Eurex Clearing is pleased to offer its European OTC Clearing Solution for Credit Default Swaps (Eurex Credit Clear) with production start on July 30, 2009. It is aimed at supporting the industry’s self-commitment given by nine major market participants to the European Commission to use a European CCP for European CDS products by July 31, 2009 at the latest.
With this circular Eurex Clearing provides the amendments to the Clearing Conditions and Price List which become necessary with the introduction of Eurex Credit Clear. The amended Clearing Conditions and Price List will become effective on July 30, 2009. As of this date, both documents can be found on the website of Eurex Clearing under the following path:
www.eurexclearing.com > Documents > Rules & Regulations
Please note:
In order to start clearing Credit Default Swaps with production launch on July 30, 2009, relevant forms for admission and setup as a Credit Clearing Member need to be returned via fax by July 20, 2009 at the latest.
The final admission forms have been posted in the Member Section of the Eurex Clearing website. To download your personal copy, please visit
www.eurexclearing.com > Member Section > Releases > Eurex OTC Clear > Credit Clear
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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