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07 Sep 2023

Eurex Clearing

ESG transformation transparency: Amendments to ESG Visibility Hub Terms

Eurex Clearing Circular 057/23 ESG transformation transparency: Amendments to ESG Visibility Hub Terms

1.   Introduction

This circular contains information with respect to the service offering of Eurex Clearing AG (Eurex Clearing) as well as corresponding amendments to the Clearing Conditions of Eurex Clearing (Clearing Conditions) and the FCM Regulations of Eurex Clearing (FCM Regulations) regarding ESG Visibility Hub offered as part of the Eurex ESG Clearing Compass.

The amendments to the ESG Visibility Hub Terms will become effective as of 2 October 2023

2.   Required action

Clearing Members, ISA Direct Clearing Members and FCM Clearing Members (Clearing Members) should take the amendments to the Clearing Conditions into consideration. Clearing Members should assess whether they would like to submit ESG (environmental, social and governance) Information for inclusion in the ESG Visibility Hub on the Eurex Clearing website.

3.   Details of the initiative

Eurex Clearing introduced the ESG Visibility Hub to offer Clearing Members the opportunity to add relevant ESG Information to the clearing contact list that is published on Eurex Clearing’s website to make sustainability related efforts more visible to the clearing community.

Eurex Clearing will now add the category “ESG Products and Services” for Clearing Members to optionally display such information as part of the ESG Visibility Hub. This information is in addition to the following optional categories launched in April 2023:

  • ESG Profile – summary of the company’s sustainability strategy
  • ESG Reporting – ESG and climate reporting data
  • ESG Ratings –ESG rating information

All Clearing Members are eligible to participate. To submit the ESG Visibility Hub form provided by Eurex Clearing, it is necessary to provide a PIN to identify the person submitting the ESG Information as authorized. The PIN can be obtained from your firm’s Central Coordinator. Please contact us at client.services@eurex.com if you need information regarding your firm’s Central Coordinator.

The ESG Visibility Hub form is available on the Eurex Clearing website www.eurex.com/ec-en under the following link:

Join > Clearing contacts > ESG Visibility Hub

To reflect these amendments, the following provisions will be amended as outlined in the Attachment:

  • ESG Visibility Hub Terms of Eurex Clearing AG

As of the effective date, the full versions of the amended legal framework of Eurex Clearing will be available for download on the Eurex Clearing website www.eurex.com/ec-en under the following link: 

Rules and Regulations > 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 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:

  • ESG Visibility Hub Terms of Eurex Clearing AG


Further information

Recipients:

All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, all FCM Clearing Members, vendors and other affected contractual parties

Target groups:

Front Office/Trading, Middle + Back Office

Contact:

esgcompass@eurex.com 

Related circular:

Eurex Clearing Circular 012/23 

Web:

Join › Clearing contacts › ESG Visibility Hub

Authorized by:

Matthias Graulich