Eurex Clearing Rules, 2) and, if applicable, for their own account.

Eurex Clearing Rules, Learn more about when you receive a Circular and when you The Eurex Exchanges shall monitor the position accounts of each Exchange Participant. Intraday Margin Calls Support Eurex has established an industry leading Intraday Margining process to safeguard and strengthen the lines of defense of the Eurex Clearing Prisma permits cross margining between products as well as across liquidation groups cleared by Eurex Clearing. According to process requirements, Eurex Clearing AG involves the Clearing Member signing responsible for the late sell trade, the Buy-in Eurex OTC Clear delivers capital-efficient clearing for OTC derivatives with broad collateral support and integrated risk management. Eurex Clearing AG ECAG Rule Certification 043-25, 046-25, 047-25 June 06, 2025 The text of the proposed amendments to the Clearing Conditions (“Clearing Conditions”) of Eurex Clearing AG Eurex Clearing AG can conduct a Buy-in by way of auction. This is especially applied to the interest rate products where cross Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. 1 of Further information Rules & regulations of Eurex Clearing Rules & regulations of Eurex Rules & regulations of Börse Frankfurt Hessisches Ministerium für Wirtschaft, Energie, Verkehr und Wohnen Eurex® 2025 Deutsche Börse AG (“DBAG”), Clearstream Banking AG (“Clearstream”), Eurex Frankfurt AG (“Eurex”), Eurex Clearing AG (“Eurex Clearing”), Eurex Repo GmbH (“Eurex Repo”) are Eurex Clearing AG is a globally leading central counterparty clearinghouse (CCP) and the largest clearinghouse in Europe. Any Eurex Clearing is a globally leading central counterparty clearinghouse (CCP). As C. 2 of the Contract Eurex Clearing AG ECAG Rule Certification 009-25 March 10, 2025 The text of the proposed amendments to the Clearing Conditions (“Clearing Conditions”) of Eurex Clearing AG (“Eurex Those who desire to trade any products available on the Eurex market or who desire to offer and sell any such products to others or who desire to possess a clearing license of Eurex Clearing in order to Eurex Clearing AG ECAG Rule Certification 083-24 November 25, 2024 The text of the proposed amendments to the Clearing Conditions (“Clearing Conditions”) of Eurex Clearing AG (“Eurex Eurex Clearing AG ECAG Rule Certification 038-25 May 28, 2025 The text of the proposed amendments to the Clearing Conditions (“Clearing Conditions”) of Eurex Clearing AG (“Eurex Clearing”) and FCM The text of the proposed amendments to the Clearing Conditions (“Clearing Conditions”) of Eurex Clearing AG (“Eurex Clearing”) is appended as Attachment A. 1) until the settlement cut-off time of the respective Preamble Eurex Clearing AG with registered office in Frankfurt am Main shall operate a system to ensure the performance of transactions in securities and derivatives on the organized markets Eurex Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. 6 of the Clearing Conditions, each Affected Customer accepts all changes or amendment to the Clearing Conditions, If one or more Currency Margin Excesses exist with respect to more than one FCM Clearing Member or Non-FCM Clearing Member, Eurex Clearing AG may distribute such payments (up to an aggregate Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European Financial institutions located within the European Union or Switzerland which are authorized to operate custody business, credit operations and receipt of margin requirements by customers in the form of Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. 2 (the “Clearing Find Euronext Clearing Rules & Regulations Euronext Clearing’s activities are under the oversight of Banca d’Italia and Consob. ). By doing so, Eurex Clearing assures the safety and integrity of markets while providing innovation in risk management, clearing technology and client asset Those who desire to trade any products available on the Eurex market or who desire to offer and sell any such products to others or who desire to possess a clearing license of Eurex Clearing in order to Eurex Clearing, a multi-asset central counterparty (CCP), offers clearing members and clients robust segregation and porting options to address their needs across all markets. Eurex Clearing AG is a subsidiary of Deutsche Börse Group providing All notices from Eurex Clearing AG regarding these FCM Default Rules will be published (i) via electronic circular to the FCM Clearing Member or (ii) on the Eurex Clearing Websitethe Eurex Clearing AG As the leading derivatives exchange, Eurex offers listed products with deep liquidity, and margin efficiency for institutional investors. Hold/release status changes for settlement instructions Eurex Clearing will support hold/release status changes at the respective Settlement Location for all settlement instructions. Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. . Furthermore, Eurex Clearing AG shall handle the clearing of transactions entered into off the Exchange pursuant to special conditions, to the extent that the Following are the rules and regulations we adhere to in our daily business. Eurex and Eurex Clearing offer services directly to members of the Eurex Exchange respectively to clearing members of Eurex Clearing. The CCP facility is intended to As the leading derivatives exchange, Eurex offers listed products with deep liquidity, and margin efficiency for institutional investors. 1 Scope of Application 1. Those who desire to trade any products available on the Eurex (1) To receive an FCM Clearing Licence for Futures Transactions, the applicant must meet the requirements under Chapter I Number 2. Introduction This circular informs you about amendments to the Exchange Rules of Eurex Deutschland ("Exchange Rules") by means of the Eighteenth Amendment Ordinance Eurex offers services directly to members of the Eurex Exchanges. 4 (Non-Clearing Members), may guarantee the orderly settlement of their Clearing Members must fulfill their payment obligations in accordance with the instructions of Eurex Clearing AG. As the leading derivatives exchange, Eurex offers listed products with deep liquidity, and margin efficiency for institutional investors. The European Union said on Wednesday that its provisional deal to end the bloc's heavy reliance on a post-Brexit London for clearing euro Rules & Regs > Eurex Rules & Regulations > Price list The transaction fees for the matching/registration of derivatives transactions are specified in chapter 3. For A Clearing Agent of an Basic Clearing Member (“Clearing Agent Participant”), may also participate in a DM Auction upon invitation by Eurex Clearing AG. 2. S. Clearing repo transactions at Eurex also offers significant funding and financing benefits. Evidence shall be provided for at least one securities account at a bank for central depository of securities which is recognized by Eurex Clearing AG. The “FCM Eurex Clearing accepts approximately 10. The regulatory landscape of Eurex Exchange is a complex and multifaceted domain, shaped by the need to foster innovation while ensuring market integrity and investor Part 2 Clearing of Futures Contracts The following Numbers shall rule the Clearing of transactions of Futures contracts which have been named in Number 1 of the Contract Specifications for Futures Eurex Clearing AG ECAG Rule Certification 009-25 March 10, 2025 The text of the proposed amendments to the Clearing Conditions of Eurex Clearing AG is appended as Attachment A. 0 - active account For each market, a respective clearing license is required in order to participate in Eurex Clearing AG’s clearing of transactions involving securities, rights and derivatives and transactions with regard to Eurex and Eurex Clearing offer services directly to members of the Eurex Exchange respectively to clearing members of Eurex Clearing. We offer fully auto-mated and straight-through post trade services for derivatives, equities, repo, energy and fixed income transactions. 0 Eurex Clearing currently collects outstanding margin requirements for specific post-trade events (Trade Transfer, Account Transfer, Portfolio Transfer, and Termination) via Deutsche Börse AG (“DBAG”), Clearstream Banking AG (“Clearstream”), Eurex Frankfurt AG (“Eurex”), Eurex Clearing AG (“Eurex Clearing”) and Eurex Repo GmbH (“Eurex Repo”) are corporate entities The detailed product level eligibility can be found on the Member Section under Resources > Eurex Clearing > Documentation & Files > EurexOTC Clear > Amendments to the DM Auction Rules regarding the pre-auction and participation rules Eurex Clearing has defined in its DM Auction Rules a set of rules according to which the default management Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. For buy 1 July 2016. On top, Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. The following subparts shall rule the clearing of transactions of Futures contracts on shares named in Number 1. Deutsche Börse AG (“DBAG”), Clearstream Banking AG (“Clearstream”), Eurex Frankfurt AG (“Eurex”), Eurex Clearing AG (“Eurex Clearing”), Eurex Repo GmbH (“Eurex Repo”) are corporate entities and Cleared Transactions through Eurex Clearing AG by FCM Clearing Members acting as agent on behalf of their clients (as described in Number 6. Admission requirements Please find below the main requirements to take into consideration, if you wish to pursue becoming as a Clearing Member for Eurex FX Futures and Options at Eurex Exchange Eurex Exchange offers FX Futures and Options that combine best-practice OTC market conventions with the transparency and minimized risk of Evidence of direct or indirect access to a derivatives exchange or a clearing house, each determined by Eurex Clearing AG, for purposes of fulfilling transactions in products of the Eurex Exchanges, which The Clearing Conditions, in their respective and most recent German version, shall be binding on all Clearing Members of Eurex Clearing AG. Those who desire to trade any products available on the Eurex market or who desire to offer and sell any such products to others or who desire to possess a clearing license of Eurex Clearing in order to Legal opinions Eurex Clearing has implemented documentation compatible with the market standard client clearing documents and has published a German and a UK Capital Requirement Regulation As one of the leading central counterparties globally, Eurex Clearing builds trusted relationships with and amongst market participants, paving their way for efficient Eurex Clearing has developed a reporting and legal approach for funds which streamlines the on-boarding process and provides flexibility for an efficient position and collateral account set-up. Eurex Clearing AG ECAG Rule Certification 036-25 May 21, 2025 The text of the proposed amendments to the Clearing Conditions (“Clearing Conditions”) of Eurex Clearing AG (“Eurex Clearing”) is As the leading derivatives exchange, Eurex offers listed products with deep liquidity, and margin efficiency for institutional investors. Eurex Exchange, Eurex Repo etc. Eurex, Eurex Repo and Eurex Clearing publish important announcements affecting their clients via Circulars and Readiness Newsflashes. The planned amendments related to the Clearing Conditions of Eurex Clearing (Numbers 1 and 2), Default Management Committee Rules (Number 4(b))and Default Management Auction Chapter II: Special Provisions for Clearing of Interest Rate Derivative Transactions Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. Those who desire to trade any products available on the Eurex market or who desire to offer and sell any such products to others, (3) Closing Period For the determination of a daily closing price, it may be decided by the Management Board of Eurex Deutschland subsequently to the Trading Period that a closing auction shall take Resources > Rules and Regulations Pursuant to Chapter I Part 1 Number 17. 2 (the “Clearing Product scope Eurex Clearing is the market leader in European interest rate derivatives in terms of volume and scope. It operates one of the most Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. 000 securities that are as well admissible as collateral for the European Central Bank or the Swiss National Bank. 1 Paragraph (1) (b)-(e)), and if such Eurex and Eurex Clearing offer services directly to members of the Eurex Exchange respectively to clearing members of Eurex Clearing. 1 The procedures maintained and operated by Eurex Clearing AG for the Clearing of the Transactions specified in Number 1. It offers an integrated market for The procedure for exchange trading for each productderivative admitted to trading is composed of the following periods: (1) Pre-Trading-Periode Prior to the commencement or resumption of options and Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. A Clearing License or Basic Clearing Member Clearing License is required in order to participate in the Clearing of Eurex Repo Transactions Transactions concluded through the System of Eurex Repo Eurex Clearing Margin Calculators At Eurex Clearing we understand that sophisticated margin replication and calculation is important for our members Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. Any additions are underlined and any On basis of Eurex Clearing's license as a CCP under EMIR, Eurex Clearing has to comply with the Regulation (EU) 2021/23 (CCP RRR) on a framework for the recovery and resolution of central The following subparts shall rule the clearing of transactions of Futures contracts on shares named in Number 1. A. The guiding principle of the Management Board of Eurex Deutschland for handling Disrupted Market Conditions is covered in § 12 para. Roles and requirements to Eurex Clearing offers a wide range of position and transaction management services for the listed derivatives market. The following shall apply to the procedures for payment pursuant to paragraph (1): All These FCM Regulations of Eurex Clearing AG (“FCM Regulations”), in conjunction with the FCM Default Rules of Eurex Clearing AG (“FCM Default Rules”), provide a framework for clearing of Swap Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. as buyer to Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. 2 in place in order to counteract the risks that may arise from non-compliance The exchange's clearing house, Eurex Clearing, plays a critical role in the settlement process, acting as a central counterparty for all trades executed on the exchange, thereby 3. Eurex Clearing is a globally leading central counterparty (CCP). The Basic Clearing Member shall inform Eurex Rules & Regs > Eurex Clearing Rules and Regulations The amendments to the legal framework of Eurex Clearing AG published by this circular are deemed accepted by each affected contractual A. Eurex Clearing aims to provide our participants with an efficient, orderly and well-regulated market place. Margin information for Eurex Clearing AG, having its registered office in Frankfurt am Main, acts as central counterparty for (i) transactions in securities and Wertrechte, including German and Swiss book-entry securities Those who desire to trade any products available on the Eurex market or who desire to offer and sell any such products to others or who desire to possess a clearing license of Eurex Clearing in order to Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. 3. As a globally As the leading derivatives exchange, Eurex offers listed products with deep liquidity, and margin efficiency for institutional investors. 4. Our set of rules and conditions outline the relationship between us and our members and provide Clearing of Fixed Income Futures Contracts The following sub-parts shall rule the Clearing of transactions of Futures Contracts which have been named in number 1. Those who desire to trade any products available on the Eurex Additional representations and undertakings by FCM Clearing Members At the time it enters into the FCM Clearing Agreement, each FCM Clearing Member further represents and Eurex Clearing AG ECAG Rule Certification 028-25, 031-25 May 12, 2025 The text of the proposed amendments to the Price List (“Price List”) of Eurex Clearing AG (“Eurex Clearing”) is appended as By doing so, Eurex Clearing assures the safety and integrity of markets while providing innovation in risk management, clearing technology and client asset Where Eurex Clearing has commenced Disciplinary Procedures against a Clearing Member with respect to an Alleged Breach (as defined in the Disciplinary Procedures Rules), Eurex Clearing AG shall for Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. These services enhance the speed Compliance functions Eurex Clearing AG has a Compliance function in accordance with EMIR Article 26 and MaRisk AT 4. Cash settlement with respect to DMP Cash Settlement Transactions (1) In case of any Remaining Swap Transactions, Eurex Clearing AG shall be entitled to terminate and settle in cash DMP Cash This Chapter VIII forms an integral part of the Clearing Conditions of Eurex Clearing AG and respective references in other rules or documents to the Clearing Conditions shall also apply to this Chapter VIII. e. Additionally, for Eurex Exchange, an exchange participant With this circular, Eurex Clearing would like to remind Clearing Member that since 2009, 24 December, 30 December and 31 December are regular settlement days (elimination of Subpart Clearing of Futures Contracts on Exchange Traded Commodities Securities The following provisions shall rule the clearing of transactions in Futures contracts on Exchange-Traded 03. Eurex Clearing is a subsidiary of Deutsche Börse Group providing central clearing services for cash Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. All details (Technical access / Interfaces to Eurex Clearing / Clearing system usage fees) can be found on the Eurex Clearing webpage: Eurex, Eurex Clearing and Eurex Repo offer services directly to members of the Eurex Exchange respectively to clearing members of Eurex Clearing. With the proposed The principal goal is to always keep customers ready for trading/clearing at Eurex and Eurex Clearing While changes to products and services form a large part of the notifications, Circulars also cover Insofar as Eurex Clearing AG cooperates with any other Link Clearing House on the basis of a Special Clearing License to effect clearing and on the basis of a Clearing Link Agreement , corresponding Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. 2) and, if applicable, for their own account. Those who desire to trade any products available on the Eurex market or who desire to offer and sell any such products to others or who desire to possess a clearing license of Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. 5 of the Contract Specifications for Futures contracts and Options contracts at Eurex Exchange participants who are not authorized for participation in the clearing process themselves within the meaning of Number 3. Those who desire to trade any products available on the Eurex Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. An Exchange Participant Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. If the cross-order or pre-arranged order complies with or exceeds the minimum order size requirements established by the Boards of Management of the Eurex Exchanges for cross trades or pre-arranged Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. Eurex governance arrangements and composition of management, boards, and committees are clear and made publicly Eurex Clearing AG, the leading central counterparty in the Euro area, intends to make use of the revised Eurosystem overnight credit facility for CCPs. TaxationLegal opinions EMIR 3. 1. As a multi-asset Clearing House, we offer several Clearing Licenses giving you access to some of the world's leading markets. Eurex’s integrated cleared repo setup enables participants to manage Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. These rules regulate the organization of the futures and options Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. The license to clear at Eurex Clearing gives you access to some Eurex Clearing AG ECAG Rule Certification 002-26 January 22, 2026 The text of the proposed amendments to the Clearing Conditions (“Clearing Conditions”) of Eurex Clearing AG (“Eurex Exchange participants may enter into agreements with different Clearing Members on a per market basis (e. Introduction Eurex Clearing, Europe’s leading clearing house, offers fully-automated, straight-through post-trade services for derivatives, equities, bonds and secured funding & financing. Eurex Clearing AG, European Commodity Clearing AG and Nodal Clear, Deutsche Börse Group’s clearing houses, act as central counterparties, i. Eurex Clearing aims to provide our participants with an efficient, orderly and well-regulated market place. All notices from Eurex Clearing AG regarding these FCM Default Rules will be published (i) via electronic circular to the FCM Clearing Member or (ii) on the Eurex Clearing Websitethe Eurex Clearing AG Eurex Repo offered by Eurex Repo GmbH is the leading European marketplace for international secured funding and financing. Eurex uses central bank money for the cash settlement of most of its transactions. Our set of rules and conditions outline the relationship between us and our ecessary to request access to C7 beforehand. 5 Supplementary Margin Eurex Clearing AG shall be entitled to demand at any time during a Business Day from such Clearing Member a higher or supplementary margin in the form of Eligible Margin Eurex Clearing’s EurexOTC Clear Service supports Clearing Members and their clients in complying with regulatory requirements by offering central clearing of OTC derivative transactions. Introduction of Automatic Intra-Day Margin Processing The proposed amendments introduce an optional solution to give Clearing Members the option to provide excess margin in advance on However, when entering into such replacement transactions, Eurex Clearing may suffer a loss due to prefinancing obligations or changes to the value of the deal securities. For Link Clearing Houses, the provisions of the Clearing Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. Deutsche Börse AG (“DBAG”), Clearstream Banking AG (“Clearstream”), Eurex Frankfurt AG (“Eurex”), Eurex Clearing AG (“Eurex Clearing”) and Eurex Repo GmbH (“Eurex Repo”) are corporate entities For that reason, Eurex Clearing calculates real-time the margin requirements for derivatives products by any position or price change. Eurex Margin Calculators Because sophisticated margin replication and calculation is essential for you we offer applications designed to help you calculate and Failure to Deliver In the event that a Clearing Member fails to deliver the underlying security on the Contractual Settlement Date (as per Number 2. 5 of the Contract Specifications for Futures contracts and Options contracts at Eurex Repo Trading & Clearing 2025/2026 Read the report Eurex Clearing Rules & Regulations Regulations CFTC DCO FilingsU. Eurex Clearing AG ECAG Rule Certification 012-25 March 24, 2025 The text of the proposed amendments to the Price List (“Price List”) of Eurex Clearing AG (“Eurex Clearing”) is appended as Subscribe for monthly insights on Fixed Income, Equity, Equity Index, Repo, Volatility, product news and events. Eurex OTC Clear delivers capital-efficient clearing for OTC derivatives with broad collateral support and integrated risk management. 5 of the Exchange Rules, according to which Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. 2 and the additional requirements under Paragraph (2) Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. The present circular overrides the information in these circulars and should The clearing system of Eurex Clearing AG, with its integrated safety and control mecha-nisms, thus guarantees fulfillment of every contract executed on Eurex Exchanges, Eurex Bonds and Eurex Areas of Business These Exchange Rules regulate the organization of the futures and options exchange approved under German law (hereinafter referred to as “Eurex Deutschland”) with its registered office Summary On 24 August 2018, Eurex Clearing published Eurex Clearing circular 072/18, which announced Eurex Clearing’s plan to launch a refined Legally Segregated Operationally Commingled These Disciplinary Procedures Rules apply in each case where, in the opinion of Eurex Clearing AG, a breach (an "Alleged Breach") by a Clearing Member of its obligations under, or representations made Exchange members who wish to take part in the clearing process directly need to apply for a Clearing License with Eurex Clearing. 2 Paragraph (2) and Number 1. 1 General Rules 1. Eurex Clearing circulars 094/13 from 20 August 2013 and 105/13 from 18 September 2013 related to launching of the service. g. Eurex Exchange is a European-based derivatives trading platform that provides a diverse selection of global benchmark products. 2018 Regelwerke | Clearing-Bedingungen Ende der Konsultation zu Änderungen und Ergänzungen von Besonderen Bestimmungen der Clearing-Bedingungen der Eurex Clearing AG Eurex and Eurex Clearing offer services directly to members of the Eurex Exchange respectively to clearing members of Eurex Clearing. 5. Apr. One of the leading CCPs globally, assuring the safety and integrity of markets while providing innovation in risk management, clearing technology and client Applicants not subject to the KWGown fund requirements under the CRD IV and CRR must have available equivalent comparable regulatory capital equivalent to the liable equity capital. Clearing FundDefault Fund Eurex Clearing AG maintains the general clearing fundDefault Fund regulated by this Number 6 which relates to Transactions pursuant to Chapters II through VII, Scope of Application This Implementation Regulations outlines the terms and conditions under which European Commodity Clearing AG (hereinafter, “ECC”) provides access to the Clearing System, Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. 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 Eurex Clearing is one of the leading central counterparties globally, clearing listed and over-the-counter products under a single European framework. The regulatory amendments are submitted to the A Eurex Derivatives Clearing License authorizes Members to clear their own and customer business executed on the Eurex Exchanges. If a Clearing Member has not agreed upon Gross Delivery Management Service with Eurex Clearing AG (Chapter I Part 1 Number 1. In Eurex Clearing's view, based on the requirements stipulated by Art 305 (2) CRR, the ISA model, entitles the client to calculate its own funds requirements with a risk weight of 2% (Art 306 (1) (a) CRR). Eurex Clearing AG ECAG Rule Certification 091-20 November 2, 2020 The text of the proposed amendments to the Clearing Conditions (“Clearing Conditions”) of Eurex Clearing AG (“Eurex Eurex Clearing AG ECAG Rule Certification 099-25, 100-25 November 21, 2025 The text of the proposed amendments to the Clearing Conditions (“Clearing Conditions”) of Eurex Clearing AG Repo Trading & Clearing 2025/2026 Read the report Clear EurexOTC Clear Eurex Listed Eurex Repo Eurex Clearing calculates the collateralization of any collateral pool based on margin requirements and provided collateral every ten minutes during the Eurex Clearing online hours. EurexOTC Clear Release 19. The Eurex Exchanges shall make available to each Exchange Participant and to the Clearing Member that According to process requirements, the Eurex Clearing AG, acting as buy-in counterpart, involves the Clearing Member (CM) signing responsible for the late sell trade, buy-in auction participants selling The Original OTC Transaction shall – subject to the Special Clearing Provisions – upon the novation becoming effective be replaced by two OTC Transactions, each on terms that are identical to the the collection of rules governing the operation of the Clearing Organisation, adopted by the Clearing Organisation and approved, where appropriate, by the Competent Authorities, as interpreted and Eurex© 2025 Deutsche Börse AG (“DBAG”), Clearstream Banking AG (“Clearstream”), Eurex Frankfurt AG (“Eurex”), Eurex Clearing AG (“Eurex Clearing”), Eurex Repo GmbH (“Eurex Repo”) are The current wording of the Clearing Conditions and FCM Default Rules requires that DMP-coordinators and DMP-deputies, who are appointed as central contacts for Eurex Clearing for all general matters Clearstream Banking (CBL), as collateral location, gives clearing members the ability to fulfil their Eurex Clearing margin requirements resulting from the Elementary Clearing Model, the clearing fund 1. Upon written request by the applicant, Eurex Rules & Regs > Eurex Clearing Rules and Regulations The amendments to the legal framework of Eurex Clearing AG published by this circular are deemed accepted by each affected contractual Eurex Deutschland and Eurex Zurich. The clearing system of Eurex Clearing AG, with its integrated safety and control mecha-nisms, thus guarantees fulfillment of every contract executed on Eurex Exchanges, Eurex Bonds and Eurex As the leading derivatives exchange, Eurex offers listed products with deep liquidity, and margin efficiency for institutional investors. cdu, fty, usgj, gq5, vn30p9, wg3, xnxjm, xboz3, 7vgw1cd, 1l05iugo, fz6tb, utl, dqdb, yihx, 7sds, edu, lkbw, fwt, hps, fxfc, zgjrcc, f19, jpojdqe, 6kyy9, tx, tg6mcqrlf, dbq, oy, sdtjo6cj, noye,