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Eurex Clearing
1. Introduction
In order to facilitate the finalisation of the Brexit readiness process, Eurex Clearing AG re-introduces a temporary fee waiver for on-behalf mass position transfer and collateral transfer fees according to Numbers 8.4.2 and 8.4.3 of the Price List of Eurex Clearing AG to support Brexit preparations, effective from today to 31 December 2020.
2. Required action
There are no participation requirements or required action for the fee waiver.
3. Details
The fee waiver will be available for all Clearing Members and their respective Disclosed Client Market Participants (formerly Non-Clearing Members) who use Eurex Clearing’s on-behalf services to transfer positions or collateral from an UK-based entity to an entity outside the UK, provided at least one Clearing Member involved in the transfer has been admitted since 1 September 2018.
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.
Further information
Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors |
Target groups: | Front Office/Trading, Middle + Backoffice |
Contact: | Eurex Pricing, eurex.pricing@eurex.com |
Related circular: | Eurex Clearing circular 100/19 |
Web: | www.eurex.com/ec-en/ |
Authorised by: | Jens Janka |