Clearing Circular 40/2021 | Consultation on ECC’s Envisaged new Rules for Default Fund Cash Calls & Allocation of Foreign Currency Commercial Bank Losses

    In line with the continuous development and improvement of the risk management framework, ECC proposes amendments of its Clearing Conditions. The proposed changes have previously been presented to and approved by the EMIR Risk Committee of ECC.

    A summary of the planned amendments is provided below.

    Clearing Members and affected customers are invited to provide their feedback regarding the intended changes until 29 October 2021.

    The draft of the new version of the Clearing Conditions is annexed to this consultation document. This consultation paper including the draft Clearing Conditions will be published
    on ECCs website as a circular.

    European Commodity Clearing AG
    CCP Risk Management & Risk Controlling