Eurex Clearing
1. Introduction
As of 1 January 2023, Eurex Clearing AG and Eurex Frankfurt AG (together “Eurex”) will introduce the new rebate scheme “Flow Incentive Model”, as outlined in the Attachment to this circular.
Term of the Flow Incentive Model: 1 January 2023 until 31 December 2023
2. Required action/Requirements for participation
The requirements that Trading Participants have to fulfil in order to receive an additional rebate on their paid net fees are detailed in the Attachment. Interested Trading Participants should contact Eurex via e-mail (rachna.mathur@eurex.com) indicating their willingness to participate in the program.
3. Details of the initiative
Eurex’ new incentivization scheme for selected Equity Index Futures (MSCI, Sector, Dividend and Total Return Futures) targets Trading Participants who make a significant contribution to the further growth in these product segments.
In order to participate, Trading Participants need to fulfil certain quantitative and qualitative criteria. In return they can receive additional rebates on their net fees accumulated in these segments.
Further details of the scheme are described in the Attachment.
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, FCM Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, vendors other affected contractual parties | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination | |
Contact: | Rachna Mathur, rachna.mathur@eurex.com; Eurex Pricing, eurex.pricing@eurex.com | |
Web: | ||
Authorized by: | Matthias Graulich |
