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Client Asset Protection

Ensuring the highest protection for our customers

This document sets out the information required to be disclosed under Article 39(7) EMIR. It provides a summary description of each of the three clearing models currently offered by Eurex Clearing, including information on the main legal implications of the respective levels of segregation and applicable insolvency law.

EMIR Disclosure Document 39(7)

As required by the European Markets Infrastructure Regulation (EMIR), clients of Clearing Members will have the option as to how their position and margin collateral (cash and securities) is held and posted by their Clearing Member at Eurex Clearing, depending on each individual client's needs. In the event of a Clearing Member's default all client positions and collateral with the defaulting Clearing Member may be transferred to another Clearing Member.

As a CCP authorized under EMIR, we offer both omnibus and individual segregation to Clearing Members and clients. Because we responded to our clients’ needs during and since the financial crisis, we have offered the most sophisticated range of segregation models since 2011.

Since the launch of our client clearing models, we have worked with Clearing Members and clients to ensure each segregation model is as efficient as possible in terms of capital costs, margin eligibility and collateral management, whilst offering clients the flexibility to determine how their positions and collateral are segregated. In an event of default, we continue to provide the broadest range of porting options.