Eurex Clearing AG 

ECAG Rule Certification 024-23 

April 14, 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 May 8, 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 amending the Clearing Conditions and FCM Regulations to reflect the introduction of 

Czech Koruna (CZK) and Hungarian Forint (HUF) Interest Rate Derivatives for EurexOTC Clear. This 

offering will technically start from June 27, 2022. 

The Czech Koruna (CZK) and Hungarian Forint (HUF) Interest Rate Derivatives that will be supported 

by EurexOTC Clear are: 

· Interest Rate Swap (IRS): Vanilla Fixed/Float with max maturity 16Y 

· Single Currency Basis Swaps: Vanilla Float/Float with max maturity 16Y 

· Forward Rate Agreement (FRA): Vanilla with max maturity 3Y 

· Interest Rate Swap (IRS) and Single Currency Basis Swaps allowing Variable Notionals, Fixed 

Rate and Index Spreads 

The new floating rate indices and tenors are: 

· CZK-PRIBOR on 3M and 6M 

· HUF-BUBOR on 3M and 6M 

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

in Eurex Clearing Circular 024-23, which is appended as Attachment A. 
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 list new currencies for Interest Rate 

Derivatives, and all products cleared by Eurex Clearing under its DCO license will continue to be 

subject to appropriate standards in compliance with this Core Principle. 
C ERTIFICATIONS 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: April 14, 2023