We are pleased to announce that Eurex Repo has achieved another milestone of its multi-currency initiative. Based on a successful development of the USD settlement efficiency, Eurex Repo will introduce USD overnight terms in the GC Pooling market. 

As of September 14, 2015 it is possible to conclude USD overnight trades in the GC Pooling ECB, GC Pooling ECB EXTended and GC Pooling INT MXQ baskets within the following trading hours: 

• 07:30 – 16:30 CET for the GC Pooling ECB and GC Pooling ECB EXTended baskets
• 07:30 – 15:30 CET for the GC Pooling INT MXQ basket. 

In order to increase the settlement efficiency late in the afternoon, all trades concluded after 16:00 CET will be split into shaping blocks of USD 50 Million instead of USD 200 Million.

Please be reminded that the settlement of overnight trades takes place between 14:30 and 17:40 CET. Clearing Members have to provide cash and collateral latest 30 minutes after trade conclusion, respectively latest 30 minutes from start of settlement. In addition, Eurex Clearing implemented a threshold of EUR 1 billion (converted into the respective USD amount) for pending transactions concluded after 16:00 CET.

If you have any questions please do not hesitate to contact your Eurex Repo Sales & Relationship Manager via T +49 (0)69 2 11-1 40 40 or sales@eurexrepo.com.

Kind regards,
Eurex Repo Team