Eurex Clearing
1. Introduction
This circular contains information with respect to the service offering of Eurex Clearing AG (Eurex Clearing) and introduces amendments to the Price List of Eurex Clearing AG (Price List) regarding the following topics:
A. Amendments to the Price List with respect to the service fee policy for Prefunding Amounts relating to OTC FX Transactions and OTC XCCY Transactions
B. Editorial change to the Price List regarding the Eurex website link update in the rebate section
The amendments above will become effective on 1 July 2021.
Learn more about Eurex topics! To help Clearing Members keep up with all Eurex updates, all support information is now available via Eurex Support and on the go via the personalized Eurex App.
2. Required action
No specific actions are required by clients.
3. Details of the initiative
A. Amendments to the Price List with respect to the service fee policy for Prefunding Amounts relating to OTC FX Transactions and OTC XCCY Transactions
For Clearing Members holding an OTC Currency Clearing License, Eurex Clearing AG will not apply any service fee to Prefunding Amounts. Furthermore, due to product-specific processing, Eurex Clearing AG will calculate customer interest rates for Prefunding Amounts on the basis of interest earned through the placement of funds instead of predefined benchmark rates.
To reflect these amendments, the following provisions will be amended as outlined in Attachment 1:
B. Editorial change to the Price List regarding the Eurex website link update in the rebate section
The recent Eurex brand refresh has also resulted in changes in the navigation structure of the Eurex website. In particular, the file containing Liquidity Class product assignments is now published under the following path on the Eurex website www.eurex.com:
Data > Trading files > Product parameter files
To reflect this modification, the following provisions will be amended as outlined in Attachment 2:
Publication of amendments to the Price List
As of the effective date, the full version of the amended documents will be available for download on the Eurex Clearing website www.eurex.com/ec-en/ under the following link:
Rules & Regs > Rules and Regulations > Clearing Conditions
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 within the first 10 Business Days after publication. Any ordinary right of Eurex Clearing AG to terminate the respective contract (including a Clearing Agreement, if applicable) shall remain unaffected.
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.
Attachments:
Amended sections of the following Rules and Regulations, in particular:
Further information
Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients and FCM Clearing Members of Eurex Clearing AG, vendors and other affected contractual parties | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination | |
Contact: | client.services@eurex.com | |
Web: | www.eurex.com/ec-en/ | |
Authorized by: | Jens Janka |
