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EurexOTC Clear: Correction of US Fed Funds Rate

Release date: 10 May 2019

EurexOTC Clear: Correction of US Fed Funds Rate

Please be informed that there was an incorrect US Fed Funds Rate fixing in our Production system on 06.05.2019.

Only the calculation of the Price Alignment Interest (PAI) on 06.05.2019 was not correct for USD OTC IRS trades, no other payments or calculations affected. In order to correct the PAI, we will instruct correction amounts (at pool level) with either Transaction Type 251 “OTC Adaptation PAID” (in case of a debit instruction) or 252 “OTC Adaptation RECEIVED” (in case of a credit instruction).
We will instruct the correction bookings on Friday, 10.05.2019, to be settled on Monday, 13.05.2019.

We apologize for any inconvenience this may have caused.

In case more detailed information is required or you have any questions, please do not hesitate to contact our OTCClear Team (phone: +49-69-211 12828 / e-mail: