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Amendments to the Clearing Conditions of Eurex Clearing AG – End of Consultation

Release date: 14 Jan 2020 | Eurex Clearing

No. 006/2020 Amendments to the Clearing Conditions of Eurex Clearing AG – End of Consultation

Eurex Clearing Circular 006/20

As announced and further explained in Eurex Clearing circular 118/19, Eurex Clearing AG (Eurex Clearing) proposed changes and amendments to the website of Eurex Clearing www.eurexclearing.com regarding the following items:

A. Change of the Default Fund contribution factor, and
B. Alignment of the Default Fund description with the applied methodology

The amendments under items A. and B. form part of the Clearing Conditions of Eurex Clearing AG (Clearing Conditions) and fall within the scope of Special Provisions of the Clearing Conditions. Eurex Clearing conducted a Consultation pursuant to the Clearing Conditions.

Eurex Clearing has received no comments that led to further changes or amendments of the Special Provisions of the Clearing Conditions and no requests for the application of a Prolonged Notification Period.

Therefore, all of the above-mentioned changes and amendments will come into effect on 3 February 2020. Please note that the Attachment to Eurex Clearing Circular 118/19 showed the wrong effective date. Instead of 2 March 2020, the amendments shall come into effect on
3 February 2020.  

As of the effective date, the amended version of the Eurex Clearing website will be available under the following link:

The changes and amendments to the legal framework of Eurex Clearing AG published by this circular are deemed accepted by each affected contractual party of Eurex Clearing AG, unless the respective contractual party objects by written notice to Eurex Clearing AG within the first ten (10) Business Days after publication. Any ordinary right of Eurex Clearing AG to terminate the respective contract (including a Clearing Agreement, if applicable) shall remain unaffected.

Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions or FCM Clearing Conditions of Eurex Clearing AG, as applicable.

Attachment:

  • Publication of the “Contribution Calculation Method” on the Eurex Clearing website and related description

Further information

Recipients:

All Clearing Members, Basic Clearing Members, all FCM Clearing Members of Eurex Clearing AG, vendors and other affected contractual parties

Target groups:

Front Office/Trading, Middle + Back Office, IT/System Administration, Auditing/Security

Contact:

client.services@eurexclearing.com

Related Circular:

Eurex Clearing Circular 118/19

Authorised by:Dmitrij Senko