Eurex Clearing AG 

ECAG Rule Certification 012-23 

March 16, 2023 

1. The text of the proposed amendments to the Clearing Conditions (“Clearing Conditions”) of Eurex 

Clearing AG (“Eurex Clearing”) and FCM Regulations (“FCM Regulations”) of Eurex Clearing is 

appended as Attachment A. Any additions are underlined and any deletions are struck through. 

2. The date of intended implementation is April 3, 2023. 

3. Attached please find a certification that: (1) these amendments comply with the Commodity Exchange 

Act (the “Act”), and the Commission’s regulations thereunder; and (2) concurrent with the filing of this 

submission, Eurex Clearing is posting a copy of this filing to its website at: https://www.eurex.com/ecen/rules-regs/regulations/cftc-dco-filings. 

4. A concise explanation and analysis of the operation, purpose, and effect of the amended rule appears 

below. 

5. There were no opposing views expressed regarding these amended rules. 

6. Confidential treatment is not requested. 

___________________________________________________________________________________ 

CONCISE EXPLANATION AND ANALYSIS OF THE OPERATION, PURPOSE, AND EFFECT OF 

THE PROPOSED RULE AND ITS COMPLIANCE WITH APPLICABLE PROVISIONS OF THE ACT, 

INCLUDING CORE PRINCIPLES AND THE COMMISSION’S REGULATIONS THEREUNDER 

Eurex Clearing is proposing the following amendments to the Clearing Conditions and FCM Regulations 

with respect to the following services to be offered as part of the Eurex ESG Clearing Compass: (a) ESG 

Portfolio Assessment and (b) ESG Visibility Hub. Eurex Clearing is introducing these services to support 

Clearing Members and their clients with regard to their sustainable transformation activities. The Eurex 

ESG Clearing Compass aims to contribute to more transparency, which lays the foundation for further 

decisions or actions, e.g., decarbonization of portfolios or including ESG factors in counterparty 

assessments. The provided information does not constitute advice or recommendations for action. 

First, the ESG Portfolio Assessment will offer Clearing Members an assessment of securities delivered as 

Margin, excluding Buffer Margin, and Contributions to the Default Fund on a portfolio level with the 

climate metrics outlined in Eurex Clearing Circular 012-23, which is appended as Attachment A. In 

addition, Clearing Members and individually segregated clients will be provided a new daily report, as 

outlined in Attachment A. 

Second, the ESG Visibility Hub will offer Clearing Members the opportunity to add relevant ESG 

Information, as outlined in Attachment A, to the clearing contact list that is published on Eurex Clearing’s 

website to make sustainability related efforts more visible to the clearing community. 

Further information regarding the operation, purpose, and effect of the proposed amendments is discussed 

in Attachment A. 
2 

Eurex Clearing has identified the following derivatives clearing organization (“DCO”) Core Principle as 

potentially being relevant to the above amendments: 

1. DCO Core Principle C (Participant and Product Eligibility): The proposed amendments will 

comply with DCO Core Principle C because the amendments provide a new assessment to Clearing 

Members related to ESG portfolios and offer Clearing Members the ability to add related 

information to a clearing contact list, and these service offerings will be in compliance with this 

Core Principle. 
3 

CERTIFICATIONS PURSUANT TO SECTION 5c OF THE COMMODITY EXCHANGE ACT, 7 

U.S.C. §7a-2 AND COMMODITY FUTURES TRADING COMMISSION RULE 40.6, 17 C.F.R. §40.6 

I hereby certify that: 

(1) the amendments comply with the Commodity Exchange Act, and the Commission’s 

regulations thereunder; and 

(2) concurrent with the filing of this submission, Eurex Clearing is posting a copy of thisfiling 

to its website at: https://www.eurex.com/ec-en/rules-regs/regulations/cftc-dco-filings. 

/s/ Eric Seinsheimer 

By: Eric Seinsheimer

Title: US CCO, Eurex Clearing AG 

Dated: March 16, 2023