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13 Feb 2019

Eurex

Enhancement of the volume rebate methodology

In order to mitigate any negative impacts resulting from new structures that many market participants are currently implementing in preparation for Brexit, Eurex Clearing has decided to enhance the volume rebate methodology by considering take-up volumes for future rebate calculations, solely in the following cases:

  1. the Clearing Member, Basic Clearing Member and Disclosed Direct Client (hereafter: Member) that initiates the give-up of a transaction is incorporated in the EU and is an affiliated company to the respective take-up Member, and
  2. the take-up Member is not eligible to directly execute transactions via its own P-Accounts or M-accounts. (Members signing up for the enhanced volume rebate calculation are not expected to comply with this clause in the month of March 2019.)

For processing reasons, the take-up needs to be accepted on the same day the transaction has been executed, in order to be considered for the volume rebate calculation.

The enhancement will come into effect on 1 March 2019 and is timely limited until 31 December 2020.

Market Status

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The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message. 

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