Eurex Clearing
On 18 May 2018, Eurex Clearing AG (Eurex Clearing) will extend the alternative treatment of Variation Margin payments with respect to OTC IRS transactions, which was introduced with Eurex Clearing circulars 102/17 and 120/17, to include OTC currency transactions.
For this purpose, Eurex Clearing will introduce a new contract model for OTC currency transactions (Settled-to-Market, STM), under which, from a legal point of view, Variation Margin payments will be treated as settlement.
The amendments will come into effect on 18 May 2018.
This circular contains the updated sections of the Clearing Conditions of Eurex Clearing AG (Clearing Conditions), as decided by the Executive Board of Eurex Clearing AG.
Market Status ⓘ
XEUR
The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.
Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message.
We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.
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