Eurex Clearing
1. Introduction
The Executive Board of Eurex Clearing AG decided to grant a temporarily fee waiver for the Securities Concentration Add-on Fee to all Clearing Members on the days where their overall cash ratio is greater than or equal to 38 percent according to the Securities Collateral Concentration Add-on methodology for the period effective from 1 March 2024 until 31 December 2024.
2. Required action
There is no required action.
3. Details of the initiative
Eurex Clearing will grant a temporary fee waiver of the Securities Collateral Concentration Add-on Fee (pursuant to Number 9.2 of the Price List of Eurex Clearing AG) in the form of a rebate on the Securities Collateral Concentration Add-on Fee to all Clearing Members that are closely missing (overall cash ratio is greater than or equal to 38 percent) the Securities Collateral Concentration Add-on Cash ratio threshold (40 percent) during the time period from 1 March 2024 until 31 December 2024.
The rebate amount is 100 percent equivalent to the Securities Collateral Concentration Add-on Fee charged on the days where the overall cash ratio of the fee type group “CON ADD ON GENERAL PL 9.2” is greater than or equal to 38 percent according to the report CB237 during the period from 1 March 2024 until 31 December 2024. The Securities Collateral Concentration Add-on Fee charged on all days where the overall cash ratio was greater than or equal to 38 percent will be summed up for a month and will be granted as a rebate on the total Securities Collateral Concentration Add-on Fee of the corresponding month. The rebate is capped monthly at 100 percent of the Securities Collateral Concentration Add-on Fee of the corresponding month.
Please note that all standard collateral service fees pursuant to Number 9 of the Price List of Eurex Clearing AG including the Securities Collateral Concentration Add-on Fee are still active and still apply.
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.
Further information
Recipients: | All Clearing Members, FCM Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients, FCM Clients of Eurex Clearing AG and vendors |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination |
Contact: | |
Related Circular: | Eurex Clearing Circular 065/23 |
Web: | www.eurex.com/ec-en/ |
Authorized by: | Matthias Graulich |
