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Jun 04, 2007

Eurex

Modification of Conditions for Utilization of the OTC Trade Entry Facilities: Admission of Automated Transfer of Clients’ Trades

In its session on May 30, 2007, the Executive Board of Eurex Clearing AG decided that effective June 15, 2007, the Conditions for Utilization of the OTC Trade Entry Facilities (General Conditions for Participation) will be changed so that automated transfer of clients’ trades to the OTC Trade Entry functions of Eurex Clearing AG shall also be permitted.

Automated transfer of clients’ trades will take place under a separate user ID [ATC001], which is used for this purpose, exclusively. Members are required to announce participation in this procedure to Eurex Clearing AG in written form beforehand. (see attachment 2). Furthermore, Members are required to provide the data of the automatically transferred clients’ trades with details for purposes of verifying the beneficial owner.

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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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