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Enhanced Liquidity Framework for the OTC Currency Clearing service: Amendments to the Clearing Conditions – End of Consultation

Release date: 18 Jun 2019 | Eurex Clearing

No. 061/2019 Enhanced Liquidity Framework for the OTC Currency Clearing service: Amendments to the Clearing Conditions – End of Consultation

Eurex Clearing Circular 061/2019

As announced and further explained in Eurex Clearing circular 049/19, Eurex Clearing proposed changes and amendments to the Clearing Conditions regarding the following topic and conducted a Consultation under the Clearing Conditions:

  • the Enhanced Liquidity Framework for the OTC Currency Clearing service

Eurex Clearing has received no comments that led to further changes or amendments of the Special Provision of the Clearing Condition and no requests for the application of a Prolonged Notification Period.

Therefore, all changes and amendments of the above mentioned Eurex Clearing circular will come into effect on 11 July 2019.

As of the effective date, the full version of the amended Clearing Conditions will be available for download on the Eurex Clearing website www.eurexclearing.com under the following link:

The changes and 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 within the first ten (10) Business Days after publication. Any ordinary right of Eurex Clearing AG to terminate the respective contract (including a Clearing Agreement, if applicable) shall remain unaffected.

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 of Eurex Clearing AG.

Attachments:

  • Amendments to Chapter I, Chapter VIII and Appendix 13 of the Clearing Conditions with regards to the Enhanced Liquidity Framework for the OTC Currency Clearing service
Recipients:

All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors

Target groups:

Front Office/Trading, Middle + Back Office, IT/System Administration, Auditing/Security

Contact:

client.services@eurexclearing.com

Related Circular:

Eurex Clearing Circular  049/19

Authorized by:Heike Eckert

Further information