As a first step, exchange look-alike vanilla options on the STOXX®, DAX® and individual European equities will be launched. For the next phase, we are looking at total return swaps, variance swaps and other options structures including other major indexes and equities.

A link between confirmation platforms such as MarkitSERV / VCON Bloomberg /RFQ Hub and EurexOTC Trade Entry facilities will be offered to provide ease of access to the service.

The EurexOTC clearing model is designed to recognized market standards and enhances these by adding clearing best practice whilst allowing you to leverage your existing infrastructure. The model also addresses the specificities of the OTC market appropriately. EurexOTC Clear will provide CCP services, essential position and risk management, margins and payments.

Eurex Clearing will offer an innovative and flexible solution via your existing market infrastructure from trade capture - through the trade lifecycle - to collateral and trade warehousing.

EurexOTC Clear will offer best-in-breed clearing and risk management for your OTC business. We are setting new standards by replacing our existing margin methodology (Risk-based Margining) with a new portfolio based margin approach - called Eurex Clearing Prisma - which will allow for cross margining for listed derivatives business and between listed and OTC derivatives business cleared through Eurex Clearing.

Our risk model is designed to be accurate, stable and robust.

• Accuracy ensures a default management procedure reflected in margins for each portfolio.
  • Forward looking components match the Default Management procedure time horizon
    
  • Liquidity adjustment reflects concentrations and liquidity of portfolios
    
• Risk model designed to be stable and robust
  • Filtered historical simulations
    
  • Model error adjustment for correlation breaks
    
• Initial margin is supported by a dynamic clearing fund covering extreme but plausible events