Connectivity AlternativesAs our clearing processes take place on two different systems - the CCP system and the Eurex® system - Eurex Bonds Clearing Members need connections to both systems. In order to provide Members with greater flexibility, we let our Members choose between several access alternatives to the Clearing House. Eurex Bonds Clearing Members may use the services of a Multi-Member Front-End Operator, as well as leased lines, internet connections, or a combination of both. If you are using a leased line connection, we require a back-up connection in order to ensure consistent and robust access to the market. The back-up connection must have the same bandwidth as the principal line and can also be an internet connection. Therefore, each Eurex Bonds Clearing Member is obliged to connect to the Clearing systems (the CCP system and the Eurex® system) using at least (minimum requirement) one of the following alternatives:
If you already have existing connections to the Eurex derivatives trading environment, it is possible for you (if applicable) to use these connections for your Eurex Bonds Clearing License. A Direct Clearing Member having a sole clearing license for Eurex Repo and/or Eurex Bonds only is allowed to connect to the Clearing systems (the CCP system and the Eurex® system) using at least (minimum requirement) a single Internet line. In case you already have existing connections to the Clearing systems (the CCP system and the Eurex® system) , you do not need additional connections for your Eurex Bonds Clearing License. Besides, Eurex Clearing offers an additional service providing access to its "Enhanced Risk Solution" interface through which members can subscribe to risk-data (position and margin data) conveyed in real-time for derivatives and near real-time for other asset classes.          |
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