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May 22, 2009

Eurex Clearing

Integration of Clearstream Banking Frankfurt in the STP Process of the Collateral Engine: Further Information

Effective April 6, 2009, CREATION accounts (6xxxx) held at Clearstream Banking Frankfurt were included in Straight-through-Processing of the Collateral Engine.

As a supplement to the information contained in Eurex Clearing circulars 005/09 and 012/09 we would like to ask our Members to transfer instructions for the pledging of collateral made via SWIFT or Creation Direct to CBF with code “OWNI” in field 22F only. If this is not done, timely consideration of the booked collateral cannot be guaranteed (22F:SETR//OWNI).

For bookings entered directly via Creation Online, please use transaction type “Internal Own Account Transfer“.

Also please note that for openings of new collateral accounts (Margin, Clearing Fund or Company Capital) Eurex Clearing AG needs to be informed beforehand about all relevant account information, in order to be able to enter the account information in the Collateral Engine and thereby guarantee Straight-through- Processing of bookings and withdrawals via these accounts.

Please consider this accordingly within your internal processes.

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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