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07 Mar 2018

Eurex Clearing

Roadmap for collateral: Collateral fee adaptations and incentives to strengthen CCP risk management

Effective 3 April 2018, the following measures of Eurex Clearing will come into effect:

General adaptations to collateral fees:

  • Introduction of a benchmark reference rate for the calculation of
    interest rates on customer cash collateral
  • Changes to cash handling and securities collateral fees

Treatment of gross segregation and direct membership models:

  • Collateral fee incentive scheme
  • Intended adjustment of default fund contributions by end of the year, subject to further market consultation and EMIR Risk Committee

This circular contains the updated sections of the Clearing Conditions and the Price List of Eurex Clearing AG, as decided by the Executive Board of Eurex Clearing, which will come into effect on 3 April 2018.

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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