Eurex Clearing
1. Introduction
This circular contains information with respect to:
A. Eurex Clearing’s service offering and corresponding amendments to the Price List of Eurex Clearing AG (“Price List”) regarding alternative fee currency for FX Derivatives with quote currency Australian Dollar (AUD)
B. Editorial changes to the General Terms and Conditions to the Agreement on Technical Connection to the Clearing EDP of Eurex Clearing AG
The amendments for topics A. and B. will come into effect on 1 December 2021.
2. Required action
Topic A.:
In order to use Australian Dollar (“AUD”) as an alternative fee currency for the respective FX products, please fill out and return the form “Choice of fee currencies for FX products” which is available on the Eurex Clearing website www.eurex.com/ec-en under this link:
Find > Forms > Eurex FX Derivatives
Please contact your Key Account Manager for further information.
3. Details
A. Alternative fee currency for FX Derivatives with quote currency AUD
Eurex Clearing charges fees for transactions pursuant to Chapter I Part 1 Number 5.1 of the Clearing Conditions of Eurex Clearing AG. In general, transaction fees for FX Derivatives (FX Futures and Options on FX Futures) are denominated in U.S. Dollar.
Eurex Clearing now offers Clearing Members (and their clients) the possibility to choose an alternative fee currency for FX Derivatives with quote currency Australian Dollar, in addition to the existing Swiss Franc, Japanese Yen, Norwegian Krone, Swedish Krona, Danish Krone and British Pound. With explicit registration for the alternative fee currency, which equals the quote currency of the respective FX Derivative, this currency will apply to all fees with regard to the selected FX Derivative.
To reflect the changes, the following provisions in the Price List will be amended as outlined in Attachment 1:
B. Editorial changes to the General Terms and Conditions to the Agreement on Technical Connection to the Clearing EDP of Eurex Clearing AG
To correct references, minor editorial changes have been made to the General Terms and Conditions to the Agreement on Technical Connection to the Clearing EDP of Eurex Clearing AG.
To reflect the changes, the following provisions in the General Terms and Conditions to the Agreement on Technical Connection to the Clearing EDP of Eurex Clearing AG will be amended as outlined in Attachment 2:
The amendments with regards to topics A. and B. will become effective on 1 December 2021. As of the effective date, the full version of the amended Price List and General Terms and Conditions to the Agreement on Technical Connection to the Clearing EDP of Eurex Clearing AG will be available for download on the Eurex Clearing website www.eurex.com/ec-en/ under the following links:
Rules & Regs > Rules and Regulations > Price List
Rules & Regs > Rules and Regulations > General Terms and Conditions to the Agreement on Technical Connection to the Clearing EDP of Eurex Clearing AG
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.
Attachments:
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, IT/System Administration | |
Contact: | client.services@eurex.com | |
Web: | www.eurex.com/ec-en/ | |
Authorized by: | Jens Janka |
