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Oct 26, 2009

Eurex Clearing

Euro GC Pooling®: Extension of Trading Hours for Overnight Contracts

Eurex Clearing hereby announces an extension of trading hours on the Eurex Repo® trading platform for the GC Pooling Euro Overnight contracts starting November 9, 2009.

Eurex Repo will extend the trading hours (cut-off time) for all GC Pooling participants for the time being from 15:30 CET to 16:00 CET for GC Pooling euro contracts with front legs to be settled on the same day. This will affect the two trading products Euro GC ECB basket and Euro GC EB-EAD-EXT basket.

Settlement of these repo trades takes place real-time via the CCP system in Xemac/CmaX during the trading hours and beyond, whereby the remaining time for settlement with the required value date will be shortened accordingly after the close of trading. For the sake of settlement efficiency, we advise all participants to adjust their processes for settlement or pledging of collateral to this shortened time period.

Please forward this circular to all involved divisions of 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. 

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