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Aug 19, 2015

Eurex

Single Stock Dividend Futures: Designated Market-Making scheme: Extension and adjustment

The Management Board of Eurex Deutschland and the Executive Board of Eurex Zürich AG took the following decisions effective 1 September 2015:

  • Extension of the Designated Market-Making scheme for Single Stock Dividend Futures until
    31 August 2016
  • Introduction of five new country packages (German, French, Italian, Spanish, Dutch package) in addition to the already existing packages for Single Stock Dividend Futures on dividends of constituents of the EURO STOXX 50® index, British, Swiss and U.S. names

Upon fulfillment of the quote obligations, Eurex Exchange will reimburse its Designated Market Makers
50 percent of the transaction fees for all contracts concluded on M-accounts in the individual Single Stock Dividend Futures packages. Additionally, the total of transaction fees for trades concluded on M- and P-accounts of each Designated Market Maker in all existing and new Single Stock Dividend Futures for a 12-month period from 1 September 2015 until 31 August 2016 will be limited to EUR 600,000, if quote obligations for Single Stock Dividend Futures on dividends of constituents of the EURO STOXX 50® index and five additional selected country packages (German, French, Italian, Spanish, Dutch, British, Swiss and U.S. package) will be fulfilled in at least eleven months.

For details on this scheme, please refer to attachment 1. Participants who wish to register as Designated Market Makers for the adjusted and extended scheme are requested to fill in and return the application form in Eurex Clearing circular 093/15 (attachment 2).

Market Status

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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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