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Jul 24, 2009

Eurex Clearing

Introduction of Eurex Credit Clear: Information for Production Start

With circulars 022/09 and 040/09, Eurex Clearing announced that Eurex Credit Clear would be operational as of July 27 and start clearing on July 30, 2009. The initial product scope of Eurex Credit Clear will cover European CDS products on iTraxx® benchmark indexes and 17 iTraxx® benchmark index constituents from the utilities sector. In a further step, it is planned to offer clearing for all iTraxx® index constituents.

This circular provides important information for preparation of the production start:

Eurex Credit Clear – Technical and Procedural Adjustments

Eurex Credit Clear – First Clearing and Novation Cycle

Eurex Credit Clear – Quote Provision

Eurex Credit Clear – Holiday Calendar

Eurex Credit Clear – CDS Market Committees

Eurex Credit Clear – Helpdesks

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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