IMF Staff Country Reports

Germany: Financial Sector Assessment Program-Detailed Assessment of Observance on Eurex Clearing AG Observance of the CPSS-IOSCO Recommendations for Central Counterparties

September 2, 2011

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Format: Chicago

International Monetary Fund. "Germany: Financial Sector Assessment Program-Detailed Assessment of Observance on Eurex Clearing AG Observance of the CPSS-IOSCO Recommendations for Central Counterparties", IMF Staff Country Reports 2011, 271 (2011), accessed 12/8/2025, https://doi.org/10.5089/9781463902803.002

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Summary

Eurex has a sound, transparent, and enforceable legal basis to address the legal risks related to its activities. Eurex is regulated and supervised as a bank. Its clearing activities are governed by a consistent and solid set of laws, regulations, rules, and instructions. Eurex has a comprehensive risk management framework composed of objectives, measures, and tools defined at the level of Eurex and that of the Deutsche Börse Group (DGB). Eurex regularly reviews its pricing, service, and capacity level, and is regulated and supervised by several authorities.

Subject: Banking, Central counterparty clearing house, Collateral, Credit, Financial institutions, Financial markets, Legal support in revenue administration, Money, Revenue administration, Securities

Keywords: access requirement, central bank, Central counterparty clearing house, clearing activity, Collateral, CR, Credit, default procedure, Eurex access requirement, Eurex CCP business, Eurex concentration risk, Eurex default rule, Eurex delivery process, Eurex governance arrangement, Eurex risk data services, Eurex risk management framework, Eurex rule, Eurex website, financial market, Global, ISCR, Legal support in revenue administration, margin call, participation requirement, risk management framework, Securities