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Eurex Welcomes Approval Of The Clearing Corporation Corporate Restructuring - Ferscha: Market Has Voted For Choice, Innovation And Enhanced Services - Path Clear For Eurex And The Clearing Corporation Equity Partnership

Date 23/10/2003

Following approval by shareholders of The Clearing Corporation of a corporate restructuring plan, Eurex, the world's largest derivatives exchange, welcomed the outcome of the vote that clears the way for The Clearing Corporation to clear trades for its U.S.-regulated and U.S.-based exchange, Eurex US. The Clearing Corporation shareholders overwhelmingly approved the corporate and capital alignment of the company that will establish a new Guaranty Fund and separate ownership in the company from access to the clearing organization.

"Today the market has voted for choice, innovation and enhanced services," said Rudolf Ferscha, CEO of Eurex. "Our partnership with The Clearing Corporation will give the U.S. market access to a global range of products. This deal is a crucial milestone in the forging of our partnership with the participants in the U.S. financial markets."