Common use of Elementary Clearing Model Provisions Clause in Contracts

Elementary Clearing Model Provisions. Value Based Allocation/Own Transactions and Omnibus Transactions A If one or more Luxembourg Pledged Securities Accounts have been established pursuant to Clause 2.1.2, in order to provide (i) Margin pursuant to the Elementary Clearing Model Provisions where Value Based Allocation is the Applicable Allocation Method or (ii) Proprietary Margin if Asset Based Allocation is the Applicable Allocation Method, in each case in accordance with Chapter I Part 1 Number 3 and Part 2 Subpart A Number 4 of the Clearing Conditions, the Clearing Member hereby pledges to Eurex Clearing AG pursuant to, and in accordance with, Schedule 1 of this Agreement all securities which are at present or are in the future deposited in any such Luxembourg Pledged Securities Account. The Clearing Member hereby undertakes to issue all relevant notices to, and obtain all relevant acknowledgements from, CBL for the perfection of such pledge. B If one or more CmaX Pledged Securities Accounts have been established pursuant to Clause 2.1.2, in order to provide (i) Margin pursuant to the Elementary Clearing Model Provisions where Value Based Allocation is the Applicable Allocation Method or (ii) Proprietary Margin if Asset Based Allocation is the Applicable Allocation Method, in each case in accordance with Chapter I Part 1 Number 3 and Part 2 Subpart A Number 4 of the Clearing Conditions by use of CmaX, the Clearing Member hereby pledges to Eurex Clearing AG pursuant to, and in accordance with, Schedule 1 of this Agreement all securities which are at present or are in the future deposited in any such CmaX Pledged Securities Account. The Clearing Member hereby undertakes to issue all relevant notices to, and obtain all relevant acknowledgements from, CBL for the perfection of such pledge. C If one or more GC Pooling Re-use Pledged Securities Accounts have been established pursuant to Clause 2.1.2, in order to provide by re-use of collateral in relation to GC Pooling Repo Transactions (i) Margin pursuant to the Elementary Clearing Model Provisions where the Value Based Allocation is the Applicable Allocation Method or (ii) Proprietary Margin if the Asset Based Allocation is the Applicable Allocation Method, in each case in accordance with Chapter I Part 1 Number 3 and Part 2 Subpart A Number 4 of the Clearing Conditions, the Clearing Member hereby pledges to Eurex Clearing AG pursuant to, and in accordance with, Schedule 1 of this Agreement all securities which are at present or are in the future deposited in any such GC Pooling Re-use Pledged Securities Account. The Clearing Member hereby undertakes to issue all relevant notices to, and obtain all relevant acknowledgements, CBL for the perfection of such pledge.

Elementary Clearing Model Provisions. Value Based Allocation/Own Transactions and Elementary Omnibus Transactions A If one or more Luxembourg Pledged Securities Accounts have been established pursuant to Clause 2.1.2, in order to provide (i) Margin pursuant to the Elementary Clearing Model Provisions where Value Based Allocation is the Applicable Allocation Method or (ii) Elementary Proprietary Margin if Asset Based Allocation is the Applicable Allocation Method, in each case in accordance with Chapter I Part 1 Number 3 and Part 2 Subpart A Number 4 64 of the Clearing Conditions, the Clearing Member hereby pledges to Eurex Clearing AG pursuant to, to and in accordance with, with Schedule 1 of this Agreement all securities which are at present or are in the future deposited in any such Luxembourg Pledged Securities Account. The Clearing Member hereby undertakes to issue all relevant notices to, to and obtain all relevant acknowledgements from, from CBL for the perfection of such pledge. B If one or more CmaX Pledged Securities Accounts have been established pursuant to Clause 2.1.2, in order to provide (i) Margin pursuant to the Elementary Clearing Model Provisions where Value Based Allocation is the Applicable Allocation Method or (ii) Elementary Proprietary Margin if Asset Based Allocation is the Applicable Allocation Method, in each case in accordance with Chapter I Part 1 Number 3 and Part 2 Subpart A Number 4 64 of the Clearing Conditions by use of CmaX, the Clearing Member hereby pledges to Eurex Clearing AG pursuant to, to and in accordance with, with Schedule 1 of this Agreement all securities which are at present or are in the future deposited in any such CmaX Pledged Securities Account. The Clearing Member hereby undertakes to issue all relevant notices to, to and obtain all relevant acknowledgements from, from CBL for the perfection of such pledge. Chapter I Part 2 Number 6.6.3 of the Clearing Conditions shall remain unaffected. C If one or more GC Pooling Re-use Pledged Securities Accounts have been established pursuant to Clause 2.1.2, in order to provide by re-use of collateral in relation to GC Pooling Repo Transactions (i) Margin pursuant to the Elementary Clearing Model Provisions where the Value Based Allocation is the Applicable Allocation Method or (ii) Elementary Proprietary Margin if the Asset Based Allocation is the Applicable Allocation Method, in each case in accordance with Chapter I Part 1 Number 3 and Part 2 Subpart A Number 4 46 of the Clearing Conditions, the Clearing Member hereby pledges to Eurex Clearing AG pursuant to, to and in accordance with, with Schedule 1 of this Agreement all securities which are at present or are in the future deposited in any such GC Pooling Re-use Pledged Securities Account. The Clearing Member hereby undertakes to issue all relevant notices to, to and obtain all relevant acknowledgements, CBL acknowledgements from Clearstream Banking S.A. for the perfection of such pledge.

Elementary Clearing Model Provisions. Value Asset Based Allocation/Own Transactions and Elementary Omnibus Transactions A If one or more Luxembourg Elementary Omnibus Pledged Securities Accounts have been established pursuant to Clause 2.1.2, in order to provide (i) Margin pursuant to the Elementary Clearing Model Provisions where Value Based Allocation is the Applicable Allocation Method or (ii) Proprietary Omnibus Margin if Asset Based Allocation is the Applicable Allocation Method, in each case in accordance with Chapter I Part 1 Number 3 and Part 2 Subpart A Number 4 64 of the Clearing Conditions, the Clearing Member hereby pledges to Eurex Clearing AG pursuant to, to and in accordance with, with Schedule 1 of this Agreement all securities which are at present or are in the future deposited in any such the Luxembourg Elementary Omnibus Pledged Securities AccountAccount(s). The Clearing Member hereby undertakes to issue all relevant notices to, to and obtain all relevant acknowledgements from, from CBL for the perfection of such pledge. B If one or more CmaX Elementary Omnibus Pledged Securities Accounts have been established pursuant to Clause 2.1.2, in order to provide (i) Margin pursuant to the Elementary Clearing Model Provisions where Value Based Allocation is the Applicable Allocation Method or (ii) Proprietary Omnibus Margin if Asset Based Allocation is the Applicable Allocation Method, in each case in accordance with Chapter I Part 1 Number 3 and Part 2 Subpart A Number 4 46 of the Clearing Conditions Conditions, by use of CmaX, the Clearing Member hereby pledges to Eurex Clearing AG pursuant to, to and in accordance with, with Schedule 1 of this Agreement all securities which are at present or are in the future deposited in any such the CmaX Elementary Omnibus Pledged Securities AccountAccount(s). The Clearing Member hereby undertakes to issue all relevant notices to, to and obtain all relevant acknowledgements from, CBL from CBL. for the perfection of such pledge. C If one or more GC Pooling Re-use Pledged Securities Accounts have been established pursuant to Clause 2.1.2, in order to provide by re-use of collateral in relation to GC Pooling Repo Transactions (i) Margin pursuant to the Elementary Clearing Model Provisions where the Value Based Allocation is the Applicable Allocation Method or (ii) Proprietary Margin if the Asset Based Allocation is the Applicable Allocation Method, in each case in accordance with Chapter I Part 1 2 Number 3 and Part 2 Subpart A Number 4 6.6.3 of the Clearing Conditions, the Clearing Member hereby pledges to Eurex Clearing AG pursuant to, and in accordance with, Schedule 1 of this Agreement all securities which are at present or are in the future deposited in any such GC Pooling Re-use Pledged Securities Account. The Clearing Member hereby undertakes to issue all relevant notices to, and obtain all relevant acknowledgements, CBL for the perfection of such pledgeConditions shall remain unaffected.