Securities Collateral Concentration Add-on Fee: Temporary fee compensation to all Clearing Members that are closely missing the overall cash ratio threshold

1.   Introduction   

The Executive Board of Eurex Clearing AG decided to grant a temporary fee compensation of the Securities Concentration Add-on Fee for all Clearing Members on the days where their overall cash ratio is greater than or equal to 35 percent according to the Securities Collateral Concentration Add-on methodology for the period effective from 2 January 2024 until 29 February 2024.

2.   Required action

There is no required action.

3.   Details of the initiative

Eurex Clearing will grant a temporary fee compensation for the Securities Collateral Concentration Add-on Fee (pursuant to Number 9.2 of the Price List of Eurex Clearing AG) in the form of a rebate on the Standard Service Fee for Securities Collateral for February 2024 (and/or if necessary, March 2024) to all Clearing Members that are closely missing the Securities Collateral Concentration Add-on Cash ratio threshold during the time period from 2 January 2024 until 29 February 2024.

The rebate amount on the Standard Service Fee for Securities Collateral is 100 percent equivalent to the Securities Collateral Concentration Add-on Fee charged on the days where the overall cash ratio of the fee type group “CON ADD ON GENERAL PL 9.2” is greater than or equal to 35 percent according to the report CB237 during the period from 2 January 2024 until 29 February 2024. The rebate is capped monthly at 100 percent of the Standard Service Fee for Securities Collateral of the corresponding month. Therefore, the compensation in the form of a rebate is granted on the Standard Service Fee for Securities Collateral for February 2024 (and/or if necessary, March 2024) depending on if the rebate amount exceeds the Standard Service Fee for Securities Collateral amount of the corresponding month.

Please note that all standard collateral service fees pursuant to Number 9 of the Price List of Eurex Clearing AG still apply.

Eurex Clearing considers granting a temporary fee waiver on the Securities Concentration Add-on Fee to all Clearing Members that are closely missing the Securities Collateral Concentration Add-on Cash ratio threshold. In case Eurex Clearing decides to grant such a temporary fee waiver, it will be communicated via a separate Eurex Clearing circular.
 

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