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Termination of Conditions for Utilization of the Eurex Trade Entry Services (General Conditions for Participation) and amendments to the Clearing Conditions

Release date: 07 Apr 2017 | Eurex Clearing

No. 036/2017 Termination of Conditions for Utilization of the Eurex Trade Entry Services (General Conditions for Participation) and amendments to the Clearing Conditions

Effective 21 November 2016 and as part of Eurex T7 Release 4.0, the Trade Entry Services for off-book trades were already migrated technically from the Eurex Classic system to T7. After this step, the legal transfer of the Trade Entry Services for off-book trades to Eurex Deutschland and Eurex Zürich AG (collectively: the Eurex Exchanges) will follow with effect from 10 May 2017.

All necessary regulations of the Conditions for Utilization of the Eurex Trade Entry Services (General Conditions for Participation), hereafter referred to as “TES Conditions”, will be transferred to the Rules and Regulations of the Eurex Exchanges. Consequently, the TES Conditions will no longer be applied as of the coming into effect of the amended sections of affected Rules and Regulations of the Eurex Exchanges.

With the transfer of the TES Conditions to the Rules and Regulations of the Eurex Exchanges, trades which originated through trade entry (TES trades) will be classified as exchange-traded derivatives concluded outside the order book. Aside from changes in the confirmation of TES trades and other changes required according to law, no functional amendments are planned for the Trade Entry Services.

The Executive Board has therefore decided to terminate the TES Conditions with effect from 10 May 2017 and to amend the Clearing Conditions of Eurex Clearing AG and the Price List of Eurex Clearing AG accordingly, also effective 10 May 2017.

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