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Apr 02, 2012

Eurex Clearing

Spanish Government Bonds: Withholding Tax

This circular addresses all Eurex Bonds and Eurex Repo Members who trade fixed-income securities of public issuers from issuing country Spain and who wish to remain exempt from payment of Spanish withholding tax, as before.

Income payments on Spanish government bonds are currently subject to a withholding tax of 21 percent. Each Member who, according to the prerequisites stipulated in the Spanish royal decree “Real Decreto 1145/2011”, wishes to be exempt from Spanish withholding tax on income payments must instruct Eurex Clearing AG accordingly.

Please send the forms attached to this circular to Eurex Clearing AG as soon as possible or by April 30, 2012, the latest.

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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