Monday May 23 2016

News Source: Global Exchanges

Focus: Trading Rules

Type: General




Eurex Clearing AG has amended its capital structure to further stregthen the default waterfall. In particular, Eurex Clearing will:

  • increase its own contribution to the Clearing Fund (Dedicated Amount),
  • provide additional own contributions (Further Dedicated Amounts) if Clearing Members provide Further Contributions (Assessments), and align the structure of the default waterfall and the letter of comfort issued by Deutsche Börse AG for the benefit of Eurex Clearing, and
  • clarify liabilities between Eurex Clearing and its Clearing Members with respect to certain financial losses.

The changes contribute to Eurex Clearing`s continuous efforts to optimise and provide maximum transparency around the CCP`s default management process and default waterfall. The Risk Commitee of Eurex Clearing advised the Supervisory Board of Eurex Clearing to implement these changes during its meeting on 12 November 2015.

The amendments will come into effect on 15 June 2016.

Click on the link above for further details.