Equity index derivatives: Introduction of futures and options on the EURO STOXX 50® ESG and DAX® 50 ESG indexes

1.    Introduction

Effective 9 November 2020, Eurex Clearing will offer clearing services for futures and options on the EURO STOXX 50^® ESG and DAX^® 50 ESG indexes introduced at Eurex Deutschland.

In this context, the following measures will apply effective 9 November 2020:

• amendment of the Clearing Conditions of Eurex Clearing AG (Clearing Conditions) regarding the inclusion of EURO STOXX 50^® ESG and DAX^® 50 ESG Index futures contracts, 
• amendments of the Price List of Eurex Clearing AG (Price List) regarding the inclusion of EURO STOXX 50^® ESG and DAX^® 50 ESG index futures contracts.

The following provisions will be amended as outlined in the Attachments 2 and 3:

• Chapter 2 Part 2 Number 2.4.2 of the Clearing Conditions
• Chapter 2 Part 3 Number 3.43 of the Clearing Conditions 
• Numbers 3.1, 3.3, 3.4 and 3.7 of the Price List.

Please refer to Eurex circular 076/20 for detailed trading-related information as well as the amendments of the relevant rules and regulations of Eurex Deutschland.

2.    Required action

The new products will be traded and cleared similar to existing equity index derivatives, hence there is no action required for participation.

3.    Details

A. General parameters of the new products

Please refer to Attachment 1 for the general parameters.

B.  Contract specifications

For the detailed contract specifications, please refer to Eurex circular 076/20.

C. Product group

Please refer to Attachment 1 for the product group.

D. Transaction fees

The fees for the new DAX^® ESG index futures and options can be retrieved from the updated sections of the Price List, as outlined in Attachment 3.

For the new STOXX^® ESG index futures and options, the existing fees for STOXX^® ESG products apply.

E. Risk parameters

Margins for the new products are calculated in Prisma. For the risk parameters of the new products, please refer to the Eurex Clearing website www.eurexclearing.com under the link:

Services > Risk management > Risk parameters

F. Trading hours

Please refer to Attachment 1 for the trading hours.
 

As of the effective date, the full version of the amended Clearing Conditions and the Price List will be available for download on the Eurex Clearing website under the following link:

Rules & Regs > Rules and Regulations

The changes and amendments to the legal framework of Eurex Clearing AG published in this circular are deemed accepted by each affected contractual party of Eurex Clearing AG, unless the respective contractual party objects by written notice to Eurex Clearing AG within the first ten (10) Business Days after publication. Any ordinary right of Eurex Clearing AG to terminate the respective contract (including a Clearing Agreement, if applicable) shall remain unaffected.

Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions or FCM Clearing Conditions of Eurex Clearing AG, as applicable.
 

Attachments: 

• 1 – General parameters, product group and trading hours of the new products
• 2 – Amended sections of the Clearing Conditions of Eurex Clearing AG
• 3 – Amended sections of the Price List of Eurex Clearing AG

Further information