With this release of the Clearing Conditions ECC will be able to accept Clearing Members from the US.
Additionally, changes have been made to establish the legal framework to allow a EUR cash settlement via commercial banks under certain conditions. However, the go-live of the new EUR settlement alternative is subject to the operational readiness of ECC and will be announced via a separate Clearing Circular.
The amendments will take effect as of June 04th, 2019.