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13 Dec 2022

Eurex Clearing

FX Derivatives: Temporary transaction fee waiver for FX Futures and amendments of the revenue sharing calculation

Eurex Clearing Circular 093/22 FX Derivatives: Temporary transaction fee waiver for FX Futures and amendments of the revenue sharing calculation

1.  Introduction   

Effective from 1 January 2023 until 31 March 2023, Eurex Clearing AG will waive the TES transaction fees for FX Futures as further detailed below. 

Production start: 1 January 2023

2.  Required action

There is no required action for the participants. 

3.  Details

To promote the block and EFP trading activity in the existing FX Futures (all G10 and EM FX Futures and Rolling Spot Futures), Eurex Clearing AG will offer a fee waiver regarding the TES transaction fees in FX Futures, pursuant to Number 3.1 of the Price List of Eurex Clearing AG. This fee waiver will be effective from 1 January 2023 until 31 March 2023.

The transaction costs for order book remain unaffected by this fee waiver.

Furthermore, during the same period from 1 January 2023 to 31 March 2023, Eurex Frankfurt AG and Eurex Clearing AG will temporarily suspend the reduction of USD 0.05 per traded contract in the calculation of the Revenue Sharing Pool, as described in Number 4.1 in the "PSS FX 01 - FX Futures and FX Rolling Spot Futures". 

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.

Further information

Recipients:

All Clearing Members, ISA Direct 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

Contact:

client.services@eurex.com

Related circular:

Eurex circular 119/22

Web:

www.eurex.com/ec-en/

Authorized by:

Matthias Graulich