Eurex Clearing
1. Introduction
As part of the annual review for OTC Interest Rate Derivatives (IRD) Transactions, Eurex Clearing will introduce the following amendments to the Price List of Eurex Clearing AG (Price List):
Effective 7 March 2025: Discontinuation of OTC IRD Standard Pricing Model B for DC-related transactions
2. Required action
There is no required action for the Participants.
3. Details of the initiative
Discontinuation of OTC IRD Standard Pricing Model B for DC-related transactions
Effective 7 March 2025, Eurex Clearing will discontinue Standard Pricing Model B for all Disclosed Clients as part of its pricing model harmonization efforts. This change is aimed at simplifying the OTC IRD pricing landscape by reducing the overall complexity and increasing the consistency.
As of 7 March 2025, the model will not be available anymore for selection.
In order to ensure a smooth transition, Eurex Clearing will introduce a transition phase for Disclosed Clients which have subscribed to Standard Pricing Model B until and including 6 March 2025. This transition phase will last until 30 June 2027. Disclosed Clients for which the Clearing Member has not chosen a different pricing model until 30 June 2027 will automatically be migrated to Standard Pricing Model A.
To reflect the change, the following provision will be amended as outlined in the Attachment:
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.
Attachment:
Further information
Recipients: | All Clearing Members, FCM Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients, FCM Clients of Eurex Clearing AG, vendors and other affected contractual parties | |
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 |
