For the period from 1 September 2015 until 31 August 2016, Eurex Clearing will take the following measures:
- Determine 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
- Upon fulfilment of Designated Market-Making quote obligations of Eurex Exchanges in SSDFs reimburse 50 percent of the transaction fees for all contracts in the individual SSDF packages concluded on M-accounts
- Limit the sum of transaction fees for transactions concluded on the M- and P-account of each Designated Market Maker in all existing and new SSDFs accumulated during a 12-month period from 1 September 2015 until 31 August 2016 to EUR 600,000, if quote obligations for SSDFs on dividends of constituents of the EURO STOXX 50® index (EURO STOXX 50® index package) and five additional selected country packages (German, French, Italian, Spanish, Dutch, British, Swiss and US package) will be fulfilled in at least eleven months. This limitation is based on the fulfilment of the requirements defined by Eurex Exchanges.
For details on this scheme, please refer to Eurex circular 144/15. Members who wish to register as Designated Market Makers for the adjusted and extended scheme are requested to fill in and return the application form (attachment 2).
