On Mar. 25, 2025, EUREX Clear issued circular 015/2025 to inform that it has received no comments that led to further changes or amendments of the Special Provisions of the Clearing Conditions and no requests regarding a Prolonged Notification Period.
Therefore, all changes and amendments will come into effect on Apr. 28, 2025.
On Feb. 20, EUREX Clear proposed amendments to clearing conditions.
EUREX Clear proposed amendments to its Clearing Conditions to implement third party account holder set-up related to pledged accounts held with Euroclear SA/NVB.
And harmonize provisions related to third party account holder in Clearing Conditions.
As of the effective date, full version of the amended Clearing Conditions will be here.
Implementation of Third Party Account Holder Set-up
To harmonize available set-up options across securities collateral locations and to allow Euroclear participants to use their custodians, proposed extending Third Party Account Holder structure to Euroclear accounts set-up; implementation will be reflected in the EUREX Clear Clearing Conditions, and in the relevant Euroclear documentation.
Harmonization of Third Party Account Holder Provisions
Terminology used throughout the Clearing Conditions including in Pledge Agreements Appendix 7, and Appendix 11 for ISA Direct Clearing Member, will be aligned to avoid potential ambiguity; some minor changes, clarifications in the relevant provisions.
Effectiveness
The deadline for comments on the proposed amendments is Mar. 20, 2025.
Mar. 2025 CFTC Certified Status
On Mar. 12, 2025, CFTC reported certified status of amendments, effective Apr. 28, 2025, depending on outcome of consultation, to be communicated in separate circular.
Mar. 25, 2025 End of Consultation
On Mar. 25, 2025, EUREX Clear issued circular 015/2025 to inform that it has received no comments that led to further changes or amendments of the Special Provisions of the Clearing Conditions and no requests regarding a Prolonged Notification Period.
Therefore, all changes and amendments will come into effect on Apr. 28, 2025.
