Eurex Repo Market
07 Nov 2024

Eurex Repo

Amendments of Eurex Repo legally binding documents as of 25 November 2024

Eurex Repo Circular 06/24 Amendments of Eurex Repo legally binding documents as of 25 November 2024

1. Introduction

Please be informed that the legally binding Eurex Repo documents specified below have been amended.  

Effective date: 25 November 2024

2. Required action

Eurex Repo Participants will need to review their internal operational processes due to the following changes in the attached legally binding document.

3. Details

A. Eurex Repo Terms and Conditions

  • Adding "Annex I - Terms/Definitions" (Chapter 1.9): The terms/definitions pursuant to Annex I shall apply.
  • Offer to all Participants (Chapter 5.2.1 (1)): It is a functionality that enables a Participant to submit a binding offer to conclude one or several Transactions up to the amount of the offered volume to all Participants.
  • Editorial changes

B. GC Pooling Basket Definition (Annex 1 of ExR Basket Specifications)

  • Re-introduction of Slovenia to the GC Pooling ECB Basket
  • Re-introduction of Ireland and Slovenia to the GC Pooling ECB EXT Basket

C. High Level Composition of Special & GC Repo Segment (Annex 2 of ExR Basket Specifications)

  • Amending three EU GC Repo Baskets by changing the minimum issue size per security:

    o    EU GC Basket
    o    EU 10 Years GC Basket
    o    EFSF + ESM + EU GC Basket
  • Adjusting five GC baskets such that only securities accepted for settlement at CBF in T2S and ISIN pre-fixes DE, IT, FR, ES, EU, XS, NL and BE will be eligible:

o    Agency GC Basket
o    Agency ex EIB GC Basket
o    European Covered GC Basket 
o    European Government GC Basket
o    European Government Guaranteed GC Basket


Attachments: 

  • 1 – Amended sections of the Terms and Conditions for Participation and Trading on Eurex Repo GmbH
  • 2 – Amended sections of the GC Pooling Basket Definition (Annex 1 of ExR Basket Specifications)
  • 3 – Amended sections of the High Level Composition of Special & GC Repo Segment (Annex 2 of ExR Basket Specifications)


Further information

Recipients:

All Trading Participants of Eurex Repo and Vendors

Target groups:

Front Office/Trading, IT/System Administration

Contact:

repo.sales@eurex.com

Web:

www.eurex.com

Authorized by:

Frank Gast, Matthias Graulich


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.

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.