A member of
Eurex Clearing
1. Introduction
This circular contains information with respect to Eurex Clearing AG’s service offering and corresponding amendments to the Price List of Eurex Clearing AG (Price List) regarding the following topic:
The amendments will become effective as of 31 July 2023.
Please refer to Eurex circular 048/23 for detailed trading-related information as well as the amendments of the relevant Rules and Regulations of Eurex Deutschland.
Simulation start: 16 June 2023
Production start: 31 July 2023
2. Required action
There is no required action for the participants who are already participating in Eurex/KRX Link Products.
3. Details
A. Product overview
For the product overview please refer to the table in Attachment 1.
B. Contract Specifications
For the detailed Contract Specifications, please refer to Eurex circular 048/23.
C. Product group
The product group for the new products is as described in the table in Attachment 1.
D. Transaction fees
The fees for the new products can be retrieved from the updated sections of the Price List, as outlined in Attachment 2.
E. Simulation
Starting 16 June 2023, the new products will be available in the Eurex simulation environment for testing purposes. For further information, please refer to the simulation calendar on the Eurex website www.eurex.com under the following link:
Support > Initiatives & Releases > Simulation calendar
F. Risk parameters
Margins for the new products are calculated in Prisma. For the risk parameters of the new products, please refer to the Eurex Clearing website www.eurex.com/ec-en/ under the link:
G. Amendments to the legal framework of Eurex Clearing
To reflect this decision in the legal framework of Eurex Clearing, the following provisions will be amended as outlined in Attachment 2:
As of the effective date, the full version of the amended 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 a 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 + Back Office, IT/System Administration, Auditing/Security Coordination | |
Related circular: | Eurex Circular 048/23 | |
Contact: | client.services@eurex.com | |
Web: | www.eurex.com/ec-en/ | |
Authorized by: | Jens Janka |