07 Nov 2023

Eurex Clearing

MSCI derivatives: Extension of fee reductions for MSCI Futures

Eurex Clearing Circular 079/23 MSCI derivatives: Extension of fee reductions for MSCI Futures

1.   Introduction   

According to Eurex Clearing circular 094/22, Eurex Clearing AG currently offers reduced transaction fees for selected MSCI Futures. This temporary reduction is valid until 31 December 2023 and should be extended as of 1 January 2024 until 31 December 2024

In addition will the fee reduction for the usage of Daily Futures via calendar instruments (“fee waiver”) be extended until 30 April 2024.

2.   Required action

There is no required action for the participants.

3.   Details of the initiative

A. Extension of fee reduction for MSCI Index Futures

For the period from 1 January 2024 until 31 December 2024, the transaction fees for the following products will be reduced as follows:



The transaction fees for all other MSCI derivatives are shown in the full version of the Price List of Eurex Clearing AG, available on the Eurex Clearing website under the following path:

Rules & Regs > Eurex Clearing Rules & Regulations > 3. Price List

B. Fee waiver for the usage of Daily MSCI Futures 

In addition, a fee waiver for the usage of Daily MSCI Futures via calendar instrument (to enable basis trading) is currently granted. This fee waiver, which is offered until 31 October 2023 will be extended unchanged until 30 April 2024. For the period from 1 November 2023 until 30 April 2024, the transaction fees per leg for trading of the calendar instrument between daily and quarterly futures will be the following: 

Product /
Product group


Execution Type


Standard Fee per Contract

MSCI Futures, if traded via the calendar spread instrument between a Daily and a Quarterly Future

In product currency

Order book







TES & Eurex EnLight







Only as of 1 May 2024, the transaction fees according to the Price List of Eurex Clearing AG will be charged.

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


All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, all FCM Clearing Members, vendors, and other affected contractual parties 

Target groups:

Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination


Related circulars:

Eurex Clearing circular 094/22


Authorized by:

Jens Janka