FX Derivatives: Introduction of FX futures on New Zealand and Canadian currency pairs

1.   Introduction

Effective 12 May 2025, Eurex Clearing AG will offer clearing services for three FX futures on New Zealand and Canadian currency pairs introduced at Eurex Deutschland. In this context, the following measures will apply effective 12 May 2025:

• Amendments to the Price List of Eurex Clearing AG (Price List) regarding the introduction of three FX Futures on New Zealand and Canadian currency pairs

Please refer to Eurex Circular 030/25 for detailed trading-related information, including fee classification and the related amendments to the Rules and Regulations of Eurex Deutschland.

Production start: 12 May 2025

2.   Required action

Clearing Members need to have a NZD and CAD payment infrastructure ready prior to the activation for clearing of the NZD and CAD capacity.

For Clearing Members which currently do not have this infrastructure in place and would like to set one up, the required action is to follow existing onboarding procedures to set up a clearing account in NZD and CAD. For this purpose, please contact your Clearing Key Account Manager or contact client.services@eurex.com.

3.   Details of the initiative

A. Product overview

Please refer to the table below for an overview of the new products:

B. Contract specifications

For the detailed contract specifications, please refer to Eurex Circular 030/25.

C. Product group

Please refer to the below table for the product group:

D. Transaction fees

The transaction and maintenance fees for the new products can be retrieved from the updated sections of the Price List, as outlined in Attachment 1.

E. Risk parameters

Margins for the new products are calculated in Prisma. For the risk parameters of the new product, please refer to the Eurex Clearing website www.eurex.com/ec-en/ under the link:

Services > Risk parameters

F. Amendments to the legal framework of Eurex Clearing AG

To reflect this decision in the legal framework of Eurex Clearing AG, the following provisions will be amended as outlined in Attachment 1:

•  Numbers 3.1, 3.3, 3.5 and 3.6 of the Price List of Eurex Clearing AG

As of the effective date, the full version of the Price List will be available for download on the Eurex Clearing website under the following link:

Rules & Regs > Eurex Clearing Rules and 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: 

• 1 – Amended sections of the Price List of Eurex Clearing AG
• 2 – Onboarding Clearing Form: “Application for Set-up/Deletion/Change of Collateral Accounts and Clearer Cash Accounts”
• 3 – Form: "Choice of fee currencies for FX products”

Further information