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Launch of refined LSOC service offering; Amendments to the FCM Regulations of Eurex Clearing AG

Release date: 20 Dec 2018 | Eurex Clearing

No. 109/18 Launch of refined LSOC service offering; Amendments to the FCM Regulations of Eurex Clearing AG

This circular contains information with respect to Eurex Clearing AG´s (“Eurex Clearing”) LSOC (Legally Segregated Operationally Commingled) service offering.

In February 2016, the U.S. Commodity Futures Trading Commission ("CFTC") granted Eurex Clearing registration as a Derivatives Clearing Organization ("DCO“) for the clearing of swap transactions for entities located in the U.S. In this context, Eurex Clearing now launches a refined client-clearing framework which is in compliance with the LSOC require­ments stipulated by the CFTC. The relevant FCM Clearing Conditions have been published and announced with Eurex Clearing circular 072/18 on 24 August 2018 and can be found on the website of Eurex Clearing www.eurexclearing.com.

The initial service offering will provide for a file-based model allowing for “LSOC With Excess”. The functional roll-out for “LSOC Without Excess” is planned for 2019.

Further information