Common use of Elementary Clearing Model Provisions Clause in Contracts

Elementary Clearing Model Provisions. Own Transactions If one or more German Pledged Securities Account(s) have been established pursuant to Clause 2.1.1, in order to provide Proprietary Margin 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 all securities which are at present or are in the future deposited in any such German Pledged Securities Account(s).