Cash Collateral
We accept four currencies as cash collateral. These are EUR, CHF, USD and GBP. In
general, overnight margin calls will only take place in EUR and CHF. For covering
intraday margin calls and overnight margin requirements, however, Members may use
all four currencies.
Only EUR and CHF may be deposited in central bank accounts at the Deutsche Bundesbank
or Schweizerische Nationalbank (SNB). In the case of international payment banks, GBP
and USD are also accepted.
Please note the following currency-specific deadlines for cash collateral deposit:
 | | | | |
|
Currency
|
Determination of the credit balance for interest to be paid on through entry as
collateral in the Eurex® system in CET (cash receipt in the account of Eurex Clearing)
|
Deadline for release on the next business day in CET (receipt of fax avis at Eurex Clearing)
|
Deadline for the optional deposit of additional cash collateral
|
|
Receipt of fax avis at Eurex Clearing in CET
|
Cash entry in the account of Eurex Clearing in CET
|
|
EUR
|
15:00
|
18:00
|
14:00
|
14:30
|
|
CHF
|
10:00
|
18:00
|
09:00
|
09:30
|
|
GBP
|
10:00
|
18:00
|
09:00
|
09:30
|
|
USD
|
21:00
|
21:00
|
17:30
|
18:00
|
In order to safeguard the Clearing House and its Clearing Members, Eurex Clearing
follows a restrictive investment policy for cash deposits:
- Cash investment only takes place on a short term basis (overnight)
- Cash investment takes place mostly as secured investment
- Securities for deposit must have first class credit rating
- Cash investment only takes place at counterparts with high creditworthiness
Eurex Clearing passes on interest from cash investments to its Clearing Members, although a
deduction from the return is withheld by the Clearing House.
- For clearing currencies euro and Swiss francs, the deduction currently is 25 basis points.
- For margin currencies U.S. dollar and British pounds, a deduction of 50 basis points is applied.
The following rules apply:
-
Clearing Members must advise the Clearing House that they will deposit cash
collateral via fax. Interest-bearing investments cannot be guaranteed otherwise
- Cash collateral is always released on the next business day
-
Cash collateral must be deposited from cash accounts that Clearing Members have
communicated to Eurex Clearing as relevant cash settlement accounts. If a Clearing
Member wishes to use a different account or if an account for U.S. dollar and/or
British pounds has not been communicated to the Clearing House, Members must
include detailed account information on their faxes
Clearing Members can satisfy margin requirements by depositing cash or securities. Cash collateral can be paid
in a variety of currencies.
The Clearing House stipulates which currencies are permitted for the deposit of cash collateral.
View current interest rates in the member section (login required) of the Eurex website for more details.
