A member of
Eurex Clearing
1. Introduction
Effective 24 February 2020, Eurex Clearing AG will offer clearing services for Index Total Return Futures on iSTOXX® Europe Collateral Indices introduced at Eurex Deutschland.
In this context, the following measures will apply effective 24 February 2020:
To reflect the amendments, the following provisions will be amended as outlined in Attachment 2:
Please refer to Eurex circular 007/20 for detailed trading-related information as well as the amendments of the relevant rules and regulations of Eurex Deutschland.
2. Required action
Please note that the Index Total Return Futures on iSTOXX® Europe Collateral Indices will be allowed for trading and clearing for all DC Market Participants; Clearing Members must take action and de-assign the products in the C7 Clearing System in case a DC Market Participant or the Clearing Member itself should not be able to trade the product.
The Index Total Return Futures on iSTOXX® Europe Collateral Indices will be part of the capacity “Cash/Physical EUR”.
3. Details of the initiative
A. General parameters of the new product
B. Contract specifications
For A. and B., please refer to Attachment 1.
C. Transaction fees
The same transaction fees apply as for the corresponding existing Index Total Return Futures. For further details, please refer to the current Price List of Eurex Clearing AG on the Eurex Clearing website under the following link:
Resources > Rules and Regulations > Price list
D. Risk parameters
Margins for the new product are calculated in Prisma. For the risk parameters of the new products, please refer to the Eurex Clearing website under the link:
Risk management > Risk parameters
E. Trading hours
Please refer to Attachment 1 for the trading hours.
As of the effective date, the full version of the amended Clearing Conditions will be available for download on the Eurex Clearing 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.
Attachments:
Further information
| Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors |
| Target groups: | Front Office/Trading, Middle + Back Office, IT/System Administration, Auditing/Security Coordination |
| Contact: | client.services@eurexclearing.com |
Related circular: | Eurex circular 007/20 |
| Authorised by: | Heike Eckert |