Effective 1 September 2016, the following measures of Eurex Clearing for Single Stock Dividend Futures will come into effect:
- Determination of the exact transaction fees for each Single Stock Dividend Future (SSDF) as listed in attachment 1. The fee classification for an individual SSDF is based on the relevant dividend amount for such SSDF on the relevant reference date.
- Extension of the Designated Market-Making scheme for Single Stock Dividend Futures from
1 September 2016 until 31 August 2017. - Upon fulfilment of the Designated Market Maker obligations in the individual Single Stock Dividend Futures packages, a refund of the transaction fees for order book and off-book trades in the amount of
50 percent will be received for the executed contracts in these products on M-accounts by Designated Market Makers (DMMs). - The total of transaction fees for trades concluded on M- and P-accounts of each Designated Market Maker in all existing and new Single Stock Dividend Futures for a 12-month period from 1 September 2016 until 31 August 2017 will be limited to EUR 600,000 (upon fulfilment of the quote obligations for Single Stock Dividend Futures on dividends of constituents of the EURO STOXX 50® index and five additional selected country packages).
The relevant conditions and details as well as the exact parameters of the Designated Market-Making scheme in the respective products can be found in Eurex circular 075/16.
In order to sign-up as Designated Market Maker, please send the filled-out and signed form to Lorena Dishnica via fax +44-207-862-72 42 or via e-mail to lorena.dishnica@eurexchange.com.
