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Aug 26, 2014

Eurex Clearing

MSCI index derivatives: Extension and adjustment of existing Designated Market-Making schemes, introduction of additional Designated Market-Making scheme

In connection with the existing Market-Making schemes and the introduction of the additional Designated Market-Making scheme (DMM2) of Eurex Deutschland and Eurex Zürich AG, Eurex Clearing decided the following measures effective from 1 September 2014 until 31 December 2015:

1.   Pro-rata refund of transaction fees upon fulfilment of the requirements set out in the DMM1 or DMM2 schemes for MSCI index futures and upon fulfilment of the requirements set out in the Permanent Market-Making scheme for MSCI index options;

2.   Sharing of net revenues upon fulfilment of requirements set out in the DMM1 and DMM2 schemes for MSCI index futures and upon fulfilment of the requirements set out in the Permanent Market-Making scheme for MSCI index options. The DMM2 scheme includes an additional, separate revenue sharing scheme for which also Participants who do not quote actively but qualify via their trading volume are eligible.

Please refer to Eurex circular 190/14 for details about the Market-Making schemes.