Introduction of connection fees for the new session type Enhanced Drop Copy (EDC) and corresponding amendments to the Price List to the Connection Agreement

1.   Introduction 

This circular contains information with respect to the service offering of Eurex Clearing AG and introduces amendments to the Price List to the Agreement on Technical Connection to the Clearing EDP of Eurex Clearing AG (Connection Agreement) (hereafter: “Price List to the Connection Agreement”).

The Executive Board of Eurex Clearing AG has decided the following amendments to the Price List to the Connection Agreement:

• Introduction of connection fees for Enhanced Drop Copy sessions and usage in accordance with the Price List under § 2 "Monthly fees for the usage of the Clearing System" effective 1 April 2026.

2.   Required action 

No immediate action is required. Trading Participants or Clearing Members interested in receiving the Enhanced Drop Copy broadcast must order one or more Enhanced Drop Copy sessions for the simulation and production environments.

3.   Details of the initiative

Enhanced Drop Copy Interface is designed for participants seeking to enhance their pre-trade risk monitoring capabilities, or who specifically want to gain a comprehensive overview of their order inventory including lean orders, e.g. for the purpose of reconciliation. The Enhanced Drop Copy broadcast can be consumed by Trading Participants for the activities of their own business unit, as well as by Clearing Members who are providing clearing services to selected Trading Participants and are interested in receiving their order information. Clearing Members require authorization from the respective Trading Participant to access their order data. 

Enhanced Drop Copy Interface is designed for participants seeking to enhance their pre-trade risk monitoring capabilities or who specifically want to gain a comprehensive overview of their order inventory including lean orders, e.g. for the purpose of reconciliation.

The Enhanced Drop Copy broadcast can be consumed by Trading Participants for the activities of their own business unit, as well as by Clearing Members who provide clearing services to selected Trading Participants and are interested in receiving their order information. Clearing Members require authorization from the respective Trading Participant to access their order data.

Effective 1 April 2026, the Eurex Enhanced Drop Copy Session will be offered at a monthly rate of 200 EUR per session. A usage fee for Clearing Members based on the number of DC Market Participants will be waived until further notice.

The session type Enhanced Drop Copy is already available for ordering via the Member Section of Deutsche Börse Group.

More details about the authorization process can be found in the T7 Release Notes 13.0, Chapter 2, published on the Eurex website www.eurex.com under the link: T7 Release 13.0 > System Documentation > Overview and Functionality

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.

Attachment:

• Amended sections of the Price List to the Agreement on Technical Connection to the Clearing EDP of Eurex Clearing AG (Connection Agreement)

Further information