A member of
Eurex Clearing
1. Introduction
This circular introduces amendments to the Price List of Eurex Clearing AG regarding the service fees for Eligible Margin Assets in the form of cash delivered in Swiss Francs.
In response to the monetary policy changes of Swiss National Bank and resulting impacts on CHF interest rate environment, the cash service fee for Swiss Francs (which is deducted from the SARON benchmark rate) will be set to 30 basis points (formerly 20 basis points) until further notice.
The following provision reflects the change: Number 9.1 of the Price List of Eurex Clearing AG (Price List).
The amendment of the Price List will become effective on 1 December 2019.
2. Required action
No action is required by the Clearing Members.
3. Further information
As of the effective date, the full version of the amended documents will be available for download on the Eurex Clearing AG website www.eurexclearing.com under the following link:
Resources > Rules and Regulations
The changes and amendments to the legal framework of Eurex Clearing AG published by this circular are deemed accepted by each affected contractual party of Eurex Clearing AG, unless the respective contractual party objects by written notice to Eurex Clearing AG within the first ten (10) Business Days after publication. Any ordinary right of Eurex Clearing AG to terminate the respective contract (including a Clearing Agreement, if applicable) shall remain unaffected.
Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions or FCM Clearing Conditions of Eurex Clearing AG, as applicable.
Attachment:
Further information
| Recipients: | All Clearing Members, FCM Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, vendors and other affected contractual parties |
| Target groups: | Front Office/Trading, Middle + Backoffice |
| Contact: | client.services@eurexclearing.com |
| Web: | www.eurexclearing.com > Interest rates on cash collateral |
| Authorised by: | Heike Eckert |