On May 21, 2025, EUREX Clear posted circular and certification certification on Circular 036-25, which was subject to 10 day review by CFTC re repo and ETD transactions.
Aims to clarify EUREX Clear clearing conditions re failure to deliver securities.
Clarifies repo settlement amount, extends threshold for contractual penalties for failure to deliver securities, liabilities for late settled deliveries at settlement location SIX SIS.
On May 19, EUREX Clear issued amendments to clearing conditions.
EUREX Clear amended clearing conditions related to failure to deliver securities.
Amendments
Clarifications on Failure to Deliver Securities in respect to cash settlement.
Extension of thresholds for contractual penalties re a failure to deliver securities.
Extension of liability for late settled deliveries at settlement location SIX SISD.
Clarification on definition of settlement amount re a GC pooling repo transaction.
Amended sections Chapter V, II, IV, Clearing Conditions of Eurex Clearing AG.
Effectiveness
Amendments to clearing conditions come into effect as of Jun. 16, 2025.
May 21, 2025 EUREX Clear Certification
On May 21, 2025, EUREX Clear posted circular and certification certification on Circular 036-25, which was subject to 10 day review by CFTC re repo and ETD transactions.
Aims to clarify EUREX Clear clearing conditions re failure to deliver securities.
Clarifies repo settlement amount, extends threshold for contractual penalties for failure to deliver securities, liabilities for late settled deliveries at settlement location SIX SIS.
