Service Navigation

EURO STOXX 50® Index Total Return Futures (TESX): Implementation of maintenance fees

Release date: 31 Jan 2019 | Eurex Exchange

No. 011/2019 EURO STOXX 50® Index Total Return Futures (TESX): Implementation of maintenance fees

The Management Board of Eurex Deutschland took the decision to amend the existing Liquidity Provider scheme for EURO STOXX 50® Index Total Return Futures to incorporate maintenance fees within the definition of revenues eligible for revenue sharing effective 1 March 2019.

As announced in Eurex circular 099/16, for open positions, Eurex Clearing will charge maintenance fees for Total Return Futures on STOXX® Indices. The maintenance fee shall be determined on a daily (calendar day) basis, it shall be calculated and reported once at the end of a calendar month. The calculation will be based on the daily end-of-day open positions (contracts long and short).

Implementation of the maintenance fees on EURO STOXX 50® Index Total Return Futures is effective 1 March 2019.

To support Liquidity Provisioning, it has also been decided to:

  •          Lower the maintenance fees applicable to M- account open positions to a daily fee of EUR 0.00100.
  •          Amend the existing Liquidity Provider scheme for EURO STOXX 50® Index Total Return Futures to incorporate maintenance fees within the definition of revenues eligible for revenue sharing for qualifying participants.

Further information