Connectivity Alternatives

As our clearing processes take place on two different systems - the CCP system and the Eurex® system - Eurex Bonds Clearing participants 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 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 Eurex Bonds market. The back-up connection must have the same bandwidth as the principal line and can also be an internet connection.

If you already have existing leased lines to the Eurex derivatives trading environment, it is possible for you to use these connections for your Eurex Bonds Clearing License.

In case you already have existing connections to the CCP and the Eurex Clearing systems, you do not need additional connections for your Eurex Bonds Clearing License.

Example: Connectivity Alternative for Eurex Bonds Clearing Members

1 dedicated leased line (64 kbit/s) to the Eurex Clearing System	EUR 450 monthly
1 dedicated leased line (64 kbit/s) as back-up	EUR 450 monthly
1 internet connection (64 kbit/s) (iAccess) to the CCP system	EUR 200 monthly
Clearing Service fee	EUR 500 monthly