Eurex Clearing
This circular contains information with respect to the service offering of Eurex Clearing AG (Eurex Clearing) and corresponding amendments to the Clearing Conditions of Eurex Clearing AG (Clearing Conditions) and other related documents regarding the following topics:
1. Editorial changes and adjustments with regard to alternative contract specifications in Chapter II of the Clearing Conditions;
2. Introduction of optional collateral exposure netting for Securities Lending Transactions;
3. Changes to the Settlement Bank Fee;
4. Amendment to the Maximum Bid Price for the Buy-In Auction.
The amended sections of the Clearing Conditions, Price List of Eurex Clearing AG and Auction Terms of Eurex Clearing AG, as decided by the Executive Board of Eurex Clearing, are attached to this circular.
The amendments regarding topics 1., 2., 3. and 4. will come into effect on 11 December 2017.
In addition, the circular contains information with respect to planned amendments to the Clearing Conditions that fall within the scope of Special Provisions and hence are subject to a consultation process (Consultation). This relates to:
5. Clarifying amendments regarding Close-out-Netting in Chapter IX of the Clearing Conditions.
The amended sections of the Clearing Conditions, as decided by the Executive Board of Eurex Clearing, are attached to this circular.
