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Nov 10, 2005

Eurex

Intraday Margin Calls - Additional Currency US Dollar

Pursuant to chapter I, section 1.3.3 of the Clearing Conditions for Eurex Clearing AG, Eurex Clearing AG may demand, at any time during the exchange trading day, a higher or supplementary margin (Intraday Margin Call) from a Clearing Member. A description of this process was published in Eurex circular 013/02 on February 4, 2002 and Eurex circular 106/05 on June 28, 2005.
The possibility for Clearing Members to fulfill an intraday margin call will be further enhanced, as Eurex Clearing AG will accept U.S. dollar cash from November 21, 2005 on. U.S. dollar cash will solely be accepted for the purpose of intraday margin call coverage and will be released by Eurex Clearing AG upon member request from the following business day on, after the overnight margin requirements have been fully covered in euro or Swiss francs cash or other eligible collateral respectively.
This circular informs about the details regarding the intraday margin process for U.S. dollar cash.
If you have any questions or request further information, please contact the Customer Support team at tel. +49-69-211-1 17 00 or fax +49-69-211-1 17 01.

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