A member of
Eurex
1. Introduction
The European Corporate Actions Committee (ECAC) has defined guidelines for the treatment of corporate actions for derivatives when dividend payments are postponed or cancelled due to the COVID-19 crisis. The exchanges that are part of the ECAC are: Borsa Italiana, Eurex Deutschland, Euronext, ICE Futures Europe, MEFF (BME Group) and Nasdaq Stockholm.
This circular contains information regarding the dividend treatments for derivatives products at Eurex Deutschland.
2. Required action
No action is required.
3. Details
Given the current market conditions, clarity is crucial with regards to whether derivative contracts will be adjusted for the payment of dividends that are postponed or cancelled due to the COVID-19 crisis.
Eurex Deutschland is pleased to inform market participants that the European Corporate Actions Committee (ECAC) has defined guidelines to assist in determining whether the announcement of dividends will result in an adjustment on derivative contracts in the current circumstances:
The guidelines set out herein are provided for information purposes only and do not create or change the rights or obligations an exchange participant or counterparty may have under the terms of a contract or under applicable law. The rules of Eurex Deutschland alone shall be binding and decisive for the treatment of any dividends for a certain contract.
Further information
| Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
| Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination | |
| Contact: | client.services@eurexchange.com | |
| Web: | www.eurexchange.com | |
| Authorised by: | Michael Peters |
Market Status ⓘ
XEUR
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