This circular contains information with respect to Eurex Clearing’s service offering and corresponding amendments to the Price List of Eurex Clearing AG (Price List) regarding to the following topic:
The amendments will become effective as of 26 June 2023.
2. Required action
There is no required action for the participants.
3. Details of the initiative
The Management Board of Eurex Deutschland took the decision to cancel the admission to trading for Futures on iSTOXX® Europe Factor Indices with effect from 26 June 2023. Please refer to Eurex Circular 040/23 for detailed trading-related information, the complete list of the affected derivatives as well as the amendments of the relevant rules and regulations of Eurex Deutschland.
To reflect this decision in the legal framework of Eurex Clearing AG, the following provisions will be amended as outlined in the Attachment:
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 prior to the relevant effective date(s) as stipulated in this circular. In case of an objection by the respective contractual party pursuant the preceding sentence, Eurex Clearing AG is entitled to terminate the respective contract (including a Clearing Agreement, if applicable). Instead of submitting an objection, the respective contractual party may submit in writing to Eurex Clearing AG comments to any amendments of the legal framework of Eurex Clearing AG within the first 10 Business Days after the publication of the amendments. Eurex Clearing AG shall assess whether these comments prevent the published amendments from becoming effective taking into account the interests of Eurex Clearing AG and all contractual parties.
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.
All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, vendors, all FCM Clearing Members and other affected contractual parties
Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination
Eurex Circular 040/23