Mark-to-Market (MtM) Adjustment is an enhancement of Trade Transfer, Account Transfer and Portfolio Transfer.
It allows the involved parties to move NPV (MtM) together with the trade which has the effect that no double funding of NPV is required.
FAQ
Involved parties are allowed to move the NPV together with the trade. There is no need of double-funding NPV (MtM).
MtM Adjustment is optional and can be selected for every single transfer independently.
Trade Transfer MtM Adjustment option:
Accoount Transfer MtM Adjustment option:
Portfolio Transfer MtM Adjustment option:
During Transfer, OTCClear will automatically attach a MtM Adjustment to the transfer which compensates the trade value and allows the transfer without prefunding of the NPV (MtM).
Trade Transfer take-up for acceptance:
Trade Transfer take-up authorization:
Account Transfer authorization:
In the XML Version of the Reports, the field MtMAdjustment is only available if trades with MtM Adjustment are processed. In the converted CSV Version after using the XML Converter Tool, the column MtMAdjustment is also visible without applying MtM-Adjustment. Reports, that are available in CSV, e.g. CC203 also contain the column MtMAdjustment even though there are no transfers with MtM Adjustment.
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Eurex Frankfurt AG
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Eurex Clearing AG | worldwide
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Eurex Frankfurt AG
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