A member of
Eurex Clearing
1. Introduction
Effective 1 January 2020, the following measure of Eurex Clearing AG will apply:
Transactions eligible for the fee waiver are specified under point 3 below.
Until a cap of a net amount of €1 million is reached, no transaction fees in accordance to the Price List of Eurex Clearing AG (Price List) shall apply for Requesters on Eurex EnLight, if the conditions stipulated under point 3. below are fulfilled. Thereby the cap does not apply per Requester, but applies to the sum of the relevant transaction fees starting from 1 January 2020 (from all Requesters in all products). As soon as the cap of €1 million is reached, the transaction fees in accordance to the Price List will be charged.
The participants will be informed via an Eurex Clearing circular with sufficient lead time if the threshold is met.
2. Required action
There is no action required for Clearing Members.
3. Details of the initiative
The temporary transaction fee waiver will apply to Requesters for Eurex EnLight trades which
After an account transfer, give-up or average pricing, transactions will not be eligible for the fee waiver anymore. Eurex EnLight transactions benefitting from the fee waiver will not be considered for the calculation of volume rebates.
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 of Eurex Clearing AG.
Further information
| Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors |
| Target groups: | Front Office/Trading, Middle + Backoffice |
| Contact: | client.services@eurexclearing.com |
| Web: | www.eurexclearing.com |
| Related Circular: | Eurex Circular 126/19 |
| Authorised by: | Heike Eckert |