Oct 07, 2021
Eurex Clearing
Eurex Clearing Readiness Newsflash | Reminder of EURO STOXX 50® Index Total Return Futures transition of reference Funding Rate to €STR flat
Dear Clearing Member,
With this newsflash, Eurex Clearing would like to remind Clearing Members of the transition of the reference funding rate from €STR plus 0.085% to €STR (flat) on EURO STOXX 50® Index Total Return Futures (TESX) as announced in Eurex Clearing circular 083/21. This implementation comes along with the relevant amendments of the contract specifications and the application by Eurex Clearing of a conversion methodology which will come into effect as of 18 October 2021 (implementation date).
Eurex Clearing will apply a conversion methodology for all open positions held as at the opening of the implementation date based on calculations performed as at the close on the immediately preceding trading day.
Clearing Members are reminded that this new rate might impact internal processes, trading, clearing and open positions. Therefore, it might be necessary to update internal processes and technical interfaces to adapt to the changes.
Documentation, circulars, timeline and much more about the EURO STOXX 50® Total Return Futures is available on our dedicated initiative pages under the following link: Eurex Clearing > Support > Initiatives & Releases > Project Readiness > EURO STOXX 50 Total Return Futures – Transition to €STR flat.
If you have questions or comments, please send an e-mail to: client.services@eurex.com.
Kind regards,
Your Client Services Team
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Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors | |
Target groups: | Front Office/Trading, Middle + Back Office, IT/System Administration | |
Contact: | client.services@eurex.com | |
Web: | Support > Initiatives & Releases > Project Readiness > EURO STOXX 50 Total Return Futures – Transition to €STR flat |
