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Dec 16, 2016

Eurex Clearing

Introduction of record date for German market

As of 1 January 2017, the following changes in rules and regulations will become effective:   

  1. Amendment of the Stock Corporation Act in 2016 (“Aktienrechtsnovelle”), amending § 58 section 4 of the Stock Corporation Act (Aktiengesetz, AktG)
  2. Amendment of § 44 of the German Income Tax Act (“Einkommensteuergesetz”, ESTG)

The changes lead to the introduction of a record date for income and non-income events in Germany.

As a consequence, corporate actions for German instruments and related market claims will be processed accordingly using record date as entitlement date.

The change will not impact Clearing Members’ reporting. No action is required on Clearing Members’ side.

If you have any questions or require further information, please contact Clearing Operations at tel. +49-69-211-1 19 40 or e-mail ccp@eurexclearing.com.