A member of
Eurex Clearing
1. Introduction
Effective 13 September 2021, Eurex Clearing will offer clearing services for Futures on BTCetc - ETC Group Physical Bitcoin introduced at Eurex Deutschland. The corresponding amendments to the legal framework of Eurex Clearing will also become effective on 13 September 2021.
Please refer to Eurex circular 080/21 for detailed trading-related information as well as the amendments of the relevant Rules and Regulations of Eurex Deutschland.
Simulation start: 23 June 2021
Production start: 13 September 2021
2. Required action
Clearing Members and clients are encouraged to participate in the simulation phase.
3. Details of the initiative
A. Product overview
Please refer to Eurex circular 080/21 for the new product.
B. Contract specifications
For the detailed contract specifications, please refer to Eurex circular 080/21.
C. Product group
The product group of the new product is as follows:
Product | Product group | Regulatory status | Settlement type | Product type | Product segment | Product curreny | Capacity name | ||||||
Futures on BTCetc - ETC | Future on Exchange Traded Notes in EUR | Not approved for trading in the U.S. | Physical | F | Exchange Traded Notes | EUR | Cash/Physical EUR |
D. Transaction fees
The fees applicable to the clearing of the new futures on BTCetc - ETC Group Physical Bitcoin can be retrieved from the updated sections of the Price List of Eurex Clearing AG, as outlined in Attachment 2.
E. Simulation
Since 23 June 2021, futures on BTCetc - ETC Group Physical Bitcoin have been available in the Eurex simulation environment for testing purposes. For further information, please refer to the simulation calendar on the Eurex website www.eurex.com under the following link:
Support > Initiatives & Releases > Simulation calendar
F. Risk parameters
Margins for the new products are calculated in Prisma. For the risk parameters of the new products, please refer to the Eurex Clearing website www.eurex.com/ec-en/ under the link:
G. Amendments to the legal framework of Eurex Clearing
Corresponding to the new clearing service offering, the following provisions will be amended as outlined in Attachments 1 and 2 with effective date 13 September 2021:
As of the effective date, the full version of the amended documents will be available for download on the Eurex Clearing website under the following link:
Rules & Regs > Rules and Regulations
The 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 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.
Attachments:
Further information
Recipients: | All 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, IT/System Administration, Auditing/Security Coordination | |
Related circular: | Eurex circular 080/21 | |
Contact: | client.services@eurex.com | |
Web: | www.eurex.com/ec-en/ | |
Authorized by: | Jens Janka |