Name and address of the responsible entity

UBS Group AG
Bahnhofstrasse 45
Postfach
CH-8098 Zurich

As of 3 January 2018, Regulation (EU) No 600/2014 (MiFIR) and the Commission Delegated Regulation (EU) No 2017/2154 supplementing MiFIR with regard to regulatory technical standards on indirect clearing arrangements (the Indirect Clearing Rules) entered into force. In accordance with these rules, we are required to perform adjustments to our clearing processes of Exchange Traded Derivatives (ETD) transactions.

We are required to:

1) advise our clients of the availability of two account structures for their ETD transactions:

a) NOSA: Net Omnibus Indirect Client Account (also referred to as Basic Omnibus Indirect Client Account)
b) GOSA: Gross Omnibus Indirect Client Account – a new type of account that our clients may elect

2) disclose the details of the different levels of segregation
3) describe the risk involved with the respective levels of segregation offered
4) publish our Commercial Clearing Terms and Conditions

Brexit update

"Please note the following changes which will occur as a result of the dissolution of UBS Limited due to Brexit: The clearing memberships of EU CCPs will shift from UBS Limited to both UBS AG London Branch and UBS Europe SE. UBS Switzerland AG will be serviced by UBS AG London Branch as its sole clearing member. The documentation provided below has been updated to reflect this change. UBS Europe SE will become a clearing member to certain CCPs and therefore outside the scope of MiFID II / MiFIR and will use UBS AG London Branch as a clearing member on other EU CCPs .The documentation provided below has been updated to reflect this change."

Download: