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18 Mar 2020

Eurex

Eurex Exchange Readiness Newsflash | Procedures for equity derivatives in the event of deferrals of ordinary dividends

Eurex Exchange Readiness Newsflash

Dear Eurex Participant,

As a response to questions raised during these extraordinary market conditions, this Newsflash is to inform market participants about the procedures for equity derivatives in the event an ordinary dividend would be deferred.

Eurex Deutschland, in accordance with Part 1, Subparts 1.6.7, 1.13.8, 1.26.11 and 1.27.7 and Part 2, Subpart 2.6.10 of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland, will not perform adjustments on equity derivatives for cancelled or deferred ordinary dividends, even if this is a direct consequence of an altered date of the general meeting of shareholders for the underlying securities.

This approach is aligned with the European Corporate Actions Committee (ECAC) which was established together with the major European operators of regulated derivatives markets, authorised or operated in accordance with MiFID II or equivalent non-EU regulations with the aim to pursue alignment in the treatment of corporate actions and ensuring an efficient, fair and orderly market for listed derivatives.

For further information concerning this Newsflash, please contact Eurex Market Supervision on tel. +49-69-211-1 12 10, eurextrading@eurexchange.com, or Product Design, Stuart Heath, on tel. +44 207 862 7253.
 

Recipients:

All Trading Participants of Eurex Deutschland and Vendors

Contact:

Eurex Market Supervision, tel. +49-69-211-1 12 10, eurextrading@eurexchange.com, Product Design, Stuart Heath, tel. +44 207 862 7253

Web:

www.eurexchange.com


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XEUR

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