Eurex Clearing
1. Introduction
As part of the annual review of the OTC Interest Rate Derivatives (IRD) pricing, Eurex Clearing introduces the following measure:
2. Required action
There is no required action for the Participants.
3. Details of the changes
Effective 1 June 2024, Eurex Clearing introduces a fee waiver which applies to the trade netting fee for terminated trades in case of level 3 netting (“Rate Blending”), as specified in the Price List of Eurex Clearing AG in Number 10.5.1. The fee waiver applies to all OTC Interest Rate Derivatives transactions terminated within the third netting level, i.e. Rate Blending, with retroactive effect from 1 June 2024 until and including 31 December 2024.
Any transaction fees calculated for resulting trades generated in the process of netting level 3, however, are not affected by this fee waiver.
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: | client.services@eurex.com | |
Web: | www.eurex.com/ec-en/ | |
Authorized by: | Matthias Graulich |
