A member of
Eurex Clearing
On December 8, 2009, the first contract of the Euro-BTP Future with physical delivery on December 10, 2009, which had been listed for trading on Eurex on September 14, 2009, will mature.
By means of this circular, Eurex Clearing informs you that a particular setting for CCP settlement netting is required for these Italian government bonds.
Please be reminded that, as an extraordinary rule, the revenues of the final economic beneficiary will be subject to withholding tax in the country of origin. Therefore, the settlement account in CCP is set up for the Settlement Netting Unit on Non-Clearing Member level. Other settings for different settlement netting levels are not admissible for Euro-BTP deliveries.
All Clearing Members, who use physical delivery of the Euro-BTP Future, are obliged to ensure their delivery and payment capability through sufficient holdings and credit for Euro-BTP Futures contracts pursuant to the Clearing Condtions for Eurex Clearing AG.
Please forward this circular to all involved departments in your company.
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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