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Eurex Clearing
The contract sizes of KOSPI-200 derivatives listed at Korea Exchange (KRX) will change with effect from 27 March 2017. As positions in Eurex Daily Futures contracts on KOSPI-200 derivatives (FMK2, OKS2) are only available on the next trading day at KRX, conversion of the products admitted to trading at Eurex would need to take place on 24 March 2017 already. However, in order to avoid the operational risk that would be involved with an intra-day conversion, trading in the products FMK2 and OKS2 at Eurex will be suspended on 24 March 2017. Consequently, on 24 March 2017, no clearing will take place in these products.
The transaction fees in these products will be calculated as percentage on the contract value per contract. As of 27 March 2017, the amendments to the Price List of Eurex Clearing AG (Price List) will become effective with these changes in contract sizes according to the attachment.
Please refer to Eurex circular 021/17 for the corresponding details to the change in contract sizes in the Eurex Daily Futures contracts on KOSPI-200 derivatives.
Pursuant to Number 14 Paragraph 3 of the Price List, the amendments and additions to the Price List as communicated with this circular shall be deemed to have been accepted by the respective Clearing Member unless such Clearing Member's written objection is submitted to Eurex Clearing AG within ten (10) business days after publication.