Eurex Clearing
1. Introduction
The Executive Board of Eurex Clearing AG took the following decisions with effect from 5 May 2025:
Production start: 5 May 2025
2. Required action
There is no action required for participation.
3. Details of the initiative
Bloomberg Index Services Limited (BISL) opened a consultation to solicit feedback on the proposed changes relating to the use of ESG- and sustainability-related terms in index names.
The UK Sustainability Disclosure Requirements (SDR) and European Securities and Market Authority’s (ESMA) Guidelines on fund names using ESG- or sustainability-related terms (ESMA Guidelines) set certain restrictions on the use of ESG- and sustainability-related terms in fund names.
Although the SDR and the ESMA guidelines focus solely on fund naming, this BISL proposal is intended to ensure consistency between the naming of indices and the funds that track them.
As a result, the Bloomberg MSCI SRI Index family will be renamed to “Bloomberg MSCI Screened Indices”. Despite the name change, the index methodology remains unchanged. Consequently, Eurex Futures on Bloomberg MSCI Euro Corporate SRI Index (FECX) will be renamed to “Bloomberg MSCI Euro Corporate Screened Index Futures”, as detailed in the amendments to the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland, communicated with the Eurex Circular 032/25.
The name change has also been reflected in the Price List of Eurex Clearing AG (Attachment 1) and in the Liquidity Provider Scheme related to the product “Fixed Income 20 – EURO Credit Index Futures” (Attachment 2). This change affects only the name of the contract, while all other parameters remain unchanged.
Amendments to the legal framework of Eurex Clearing AG
To reflect this decision within the legal framework of Eurex Clearing AG, the following provisions will be amended as outlined in Attachment 1:
As of the effective date, the full version of the amended Price List will be available for download on the Eurex Clearing website www.eurex.com/ec-en/ under the following link:
Rules & Regs > Eurex Clearing Rules & Regulations > 3. Price List
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 prior to the relevant effective date(s) as stipulated in this circular. In case of an objection by the respective contractual party pursuant the preceding sentence, Eurex Clearing AG is entitled to terminate the respective contract (including 5a Clearing Agreement, if applicable). Instead of submitting an objection, the respective contractual party may submit in writing to Eurex Clearing AG comments to any amendments of the legal framework of Eurex Clearing AG within the first 10 Business Days after the publication of the amendments. Eurex Clearing AG shall assess whether these comments prevent the published amendments from becoming effective, taking into account the interests of Eurex Clearing AG and all contractual parties.
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:
Further information
Recipients: | All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, vendors, all FCM Clearing Members and other affected contractual parties |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination |
Related circular: | Eurex Circular 032/25 |
| Contact: | Davide Masi, Derivatives Products & Markets, tel. +44 (0)207 862 7267, davide.masi@eurex.com |
| Web: | Markets > Credit Index Futures |
| Authorized by: | Manfred Matusza |
