A member of
Eurex Clearing
1. Introduction
The Management Board of Eurex Deutschland has decided today to terminate trading in RDX® USD Index Derivatives (FRDX, ORDX), effective 3 March 2022 at the close of trading 17:30 CET (22:00 CET for FRDX), as orderly trading seems not to be ensured anymore.
Open positions on 3 March 2022 will be cash settled using the Fair value method based on index close that will be provided by Wiener Börse to Eurex or the last available index price before that if the index closing price cannot be provided on 3 March 2022.
Eurex Deutschland reserves the right to immediately take any further appropriate measures, if such become necessary due to measures of the index provider for the above-mentioned derivatives or the overall development with regards to the war in Ukraine.
Please find below the settlement details.
2. Required action
Trading participants are encouraged to take notice of the announced termination and settlement details. Additionally, Eurex Default Management will be available to assist and support with any queries in relation to position transfer or closing in above-mentioned contracts (FRDX, ORDX).
E-Mail: DMP_Inbox@deutsche-boerse.com
Tel: Eurex Trading, +49 69 211-1 12 10
3. Details
Procedure for Fair Value Settlement of Eurex derivatives
The above-mentioned Index future and index option contracts will be settled according to the Fair value method. The following parameters will be defined for calculation according to the Fair value method:
The exact adjustment details, including interest rate, applicable dividends and implied volatilities of option series with open positions will be published in a separate circular.
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: | Eurex Trading, tel. +49-69-211-1 12 10, client.services@eurex.com, DMP_Inbox@deutsche-boerse.com | |
Web: | www.eurex.com/ec-en/ | |
Authorized by: | Jens Janka |