A member of
Eurex Clearing
1. Introduction
This circular contains information with respect to Eurex Clearing’s service offering and corresponding amendments to the Price List of Eurex Clearing AG (Price List) regarding to the following topics:
A. Discontinuation of clearing services for Inter-Product Spreads (IPS) for Fixed Income Futures
B. Fee waiver for Average Price Processing fee, Eurex Market-on-Close Futures (Eurex MOC) on EURO STOXX 50® Index Futures transaction fee and for MOC fee surcharge on EURO STOXX 50®
The amendments will come into effect on 3 August 2020.
2. Required action
A. There is no action required for Clearing Members.
B. Market Participants should ensure that their internal processes and technical interfaces will be updated in order to reflect the fee waiver properly.
3. Details
A. Discontinuation of clearing services for Inter-Product Spreads (IPS) for Fixed Income Futures
In conjunction with the decision taken by the Management Board of Eurex Deutschland to delist Inter-Product Spreads (IPS), as announced with Eurex circular 055/20, Eurex Clearing will discontinue the clearing services for these products with effect from 3 August 2020.
To reflect the amendments, the following provisions will be amended as outlined in the attachment with effect as of 3 August 2020:
B. Fee waiver for Average Price Processing fee, Eurex Market-on-Close Futures (Eurex MOC) on EURO STOXX 50® Index Futures transaction fee and for MOC fee surcharge on EURO STOXX 50®
The Executive Board of Eurex Clearing AG decided to introduce the fee waiver until further notice for Average Price Processing fee, Eurex Market-on-Close Futures (Eurex MOC) on EURO STOXX 50® Index Futures transaction fee and for MOC fee surcharge on EURO STOXX 50® Index Futures.
The fee waiver affects the chapters 3.1 and 3.15 of the Price List of Eurex Clearing AG and applies to the following fee components:
The fee waiver will come into effect on 3 August 2020.
In this context, the following provisions will be amended as outlined in the attachment:
As of the effective date, the full version of the Price List 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 under items A. - B. above 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, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, vendors, all FCM Clearing Members and other affected contractual parties |
Target groups: | Front Office/Trading, Middle + Backoffice |
Contact: | client.services@eurexclearing.com |
Web: | www.eurexclearing.com |
Related circular: | Eurex circular 055/20 |
Authorised by: | Jens Janka |