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Brexit
Brexit
On 31 January 2020, the United Kingdom left the European Union (EU) and is considered a third country. The UK left under the terms of the Withdrawal Agreement, which both sides agreed and ratified.
In order to give all stakeholders time to adapt to the new circumstances, a transitional phase started on 1 February 2020, which was agreed under the Withdrawal Agreement and will last at least until 31 December 2020.
During this period, the United Kingdom remains part of the EU single market and the EU customs union. In addition, all treaties, rules and obligations continue to apply to the UK.
During the transition period, the EU and the UK aim to agree the foundations for their future partnership in an agreement.
Until the terms of any future relationship are finally determined, there remains a certain degree of uncertainty for financial market participants.
Position of Deutsche Börse Group
We will continue to support our clients on each step of this journey, as we have done since the Brexit referendum in 2016.
We support our customers as a strong partner
Deutsche Börse Group monitors and analyses the Brexit process very closely. In addition, we discuss the potential effects of the trade agreement with our customers and participate in discussions with industry associations.
For Deutsche Börse Group, it is of utmost interest that our UK-based clients continue to have access to our infrastructure. Therefore, our business units along our value chain are taking the appropriate measures.
At the same time, we provide support to our clients who plan to relocate their business to the EU during the negotiation phase. We have established a dedicated Brexit Transition Team to ensure member readiness.
In addition, with the Partnership Program of the central counterparty (CCP) Eurex Clearing, Deutsche Börse Group has developed a market-led alternative to the clearing of interest rate swaps within the EU. The programme was designed in close cooperation with market participants (such as trading firms, end customers and trading platforms). It has already expanded to cover the repo segment and will cover other products in the future.
Video: Being constructive in times of uncertainty. The Deutsche Börse and the Brexit challenges.
Brexit: the highlighted parts of the value chain are affected