Eurex Clearing
1. Introduction
This circular contains information with respect to the Partnership Program of Eurex Clearing AG (Eurex Clearing) and introduces amendments to the Clearing Conditions of Eurex Clearing AG (Clearing Conditions), specifically the introduction of a Credit Sub-Committee that will govern the aspects of the Partnership Program related to Credit ETD.
The amendments will become effective as of 1 August 2025.
2. Required action
There are no required actions.
3. Details of the initiative
Eurex has extended the Partnership Program to Credit Index Derivatives (Credit ETD). The Components of the Partnership Program that are related to Credit ETD will be governed by a specific governing body (Credit Sub-Committee).
To reflect the changes, the following provisions of the Clearing Conditions will be amended as outlined in the Attachment:
As of the effective date, the full version of the amended Clearing Conditions will be available for download on the Eurex Clearing website www.eurex.com/ec-en/ under the following link:
Rules & and Regs > Eurex Clearing Rules and Regulations > 1. Clearing Conditions
The amendments to the legal framework of Eurex Clearing AG published by this circular are deemed accepted by each affected contractual party of Eurex Clearing AG, unless the respective contractual party objects by written notice to Eurex Clearing AG prior to the relevant effective date(s) as stipulated in this circular. In case of an objection by the respective contractual party pursuant the preceding sentence, Eurex Clearing AG is entitled to terminate the respective contract (including a Clearing Agreement, if applicable). Instead of submitting an objection, the respective contractual party may submit in writing to Eurex Clearing AG comments to any amendments of the legal framework of Eurex Clearing AG within the first 10 Business Days after the publication of the amendments. Eurex Clearing AG shall assess whether these comments prevent the published amendments from becoming effective taking into account the interests of Eurex Clearing AG and all contractual parties.
Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions or FCM Clearing Conditions of Eurex Clearing AG, as applicable.
Attachment:
Further information
Recipients: | All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice | |
Related circular: | Eurex Clearing Circular 043/25 | |
| Contact: | partnership.program@eurex.com | |
| Web: | Credit Partnership Program | |
| Authorized by: | Matthias Graulich |
