Withholding tax trips up Eurex agency clearing model
Clearing members rely on CCP to resolve potential problem with German tax authorities
A potential tax complication in Germany is delaying the roll-out of a new client clearing model for the European Union aimed at easing the capital burden for clearing banks, Risk.net understands. Until the situation is resolved, Eurex Clearing is unable to provide members with a precise timeline for the go-live of its new offering.
“Eurex Clearing is currently analysing whether there are any impacts on its relationships with clearing members from the complex legal and tax matters involved, and
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