Eurex Clearing
As announced in Eurex Clearing circular 037/15, the launch of CCP Release 9.2 is scheduled to take place on 22 June 2015. In this context, the Clearing Conditions for Eurex Clearing AG (hereafter referred to as Clearing Conditions) will be amended.
The amendments refer to the handling of quantities of securities resulting from corporate action events that do not conform with the minimum and/or multiple settlement unit thereof (“fractions”). The procedure will apply with T2S wave 1 for securities issued by SIX SIS.
Furthermore, Eurex Clearing offers an alternative to the currently sole settlement option of product related payments in Swiss franc via Swiss National Bank (SNB) to all Clearing Members located outside Switzerland and without a branch in Switzerland in cooperation with UBS AG as correspondent bank.
The amended sections of the Clearing Conditions as decided by the Executive Board of Eurex Clearing AG are attached to this circular.
All amendments will come into effect on 22 June 2015.
