Advantages

Eurex Clearing Prisma offers the following five benefits for our Clearing members, their customers and for the clearing house:

• Higher Capital Efficiency for clients through risk calculation on a portfolio basis. In addition, more accurate netting effects for listed, and between listed and OTC positions will be provided.
  
  
• More Accuracy: Cross-product scenarios enable consistent way to account for portfolio correlation and diversification effects.
  
  
• Greater Flexibility through reduced time-to-market for new products.
  
  
• Consistent Framework: Consistent risk and liquidation framework for listed and OTC products. Positions deemed suitable for simultaneous liquidation are logically assigned to the same liquidation group, whereby risk offsets are only granted within the same liquidation group.
  
  
• Robustness: Stable margin requirements are enabled by the usage of adjustments for concentration, uncertainty in correlations and changes in the volatility level.