Summary
Between Monday, 5 October 2026 and Thursday, 8 October 2026, ECC will perform its annual default simulation, together with regulators and external stakeholders.
The focus for external participation is on practicing the following:
- Close-out via auctions for core products cleared by ECC
- Communication aspects regarding application of ECC´s recovery tools, in particular partial tear-up
This clearing circular contains information about the default simulation and is relevant for all ECC members participating in the derivatives market. ECC encourages all members to actively take part in it.
Please find detailed information in the document below.
CONTACT
Default & Recovery Design
defaulttest@ecc.de