A member of
Eurex Clearing
1. Introduction
This circular announces amendments to the Clearing Conditions of Eurex Clearing AG (Eurex Clearing) related to payment claims in existing foreign currencies that are due T+2.
In this context, the following changes will apply effective 15 of December 2025:
Production start: 15 December 2025
2. Required action
There is no action required for participation.
3. Details
For the existing foreign currencies settled on a T+2 basis – being DKK, JPY, NOK, and SEK – a dedicated paragraph has been introduced in the Clearing Conditions to explicitly reflect and consolidate the treatment of T+2 currencies.
Amendments to the legal framework of Eurex Clearing AG
To reflect this decision in the legal framework of Eurex Clearing AG, the following provisions will be amended as outlined in the Attachment:
As of the effective date, the full versions of the amended Clearing Conditions will be available for download on the Eurex Clearing website under the following link: 1. 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 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:
Further information
Recipients: | All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors and other affected contractual parties | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination | |
| Contact: | client.services@eurex.com | |
| Web: | www.eurex.com/ec-en/ | |
| Authorized by: | Jens Janka |