A member of
Eurex Clearing
Effective 1 October 2012, Eurex Clearing will introduce an automatic ex-post check to identify close link securities in order to exclude these collaterals from being provided as margin, clearing fund contributions and substitutes for company equity capital collateral. Eurex Clearing defines a close link as a direct relationship between members (Clearing Members, segregated Non-Clearing Members or segregated Registered Customers) and issuers of a security. A member is directly linked with an issuer by participation, i.e. by ownership, directly or by way of control, of 50 percent or more of the voting rights or capital of a company or by control, i.e. by the relationship between a parent company and a subsidiary, or a similar relationship between the member and a company.
In case of the members’ insolvency or default, the value of close link securities may be negatively affected. By disallowing delivery of issues of affiliated companies, wrong way risk is mitigated and the collateral value is free of non-market risk impact.
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.
An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.