Index Total Return Futures: Introduction of SMI® Index Total Return Futures

1.  Introduction

Effective 4 August 2025 Eurex Clearing AG will offer clearing services for Index Total Return Futures on the SMI^® (Swiss Market Index) denominated in Swiss franc (CHF) introduced at Eurex Deutschland.  

In this context, the following measures will apply effective 4 August 2025: 

• Amendments to the Clearing Conditions of Eurex Clearing AG (Clearing Conditions) and Price List of Eurex Clearing AG (Price List) regarding the Index Total Return Futures on SMI^® (Swiss Market Index) denominated in Swiss franc (CHF)  

Please refer to Eurex Circular 069/25 for detailed trading-related information, including fee classification and the related amendments to the Rules and Regulations of Eurex Deutschland.

Production start: 4 August 2025

2.  Required action

There is no action required for participation.

3.  Details of the initiative

A. Product overview 

Please refer to the below table for the product overview of the new product.  

B. Product group 

Please refer to the below table for the product group of the new product.

C. Amendments to the legal framework of Eurex Clearing AG 

To reflect this decision in the legal framework of Eurex Clearing AG, the following provisions will be amended as outlined in the Attachments 1 and 2:   

• Chapter II Part 2 Numbers 2.22.2(6), 2.22.3(3), 2.22.3(5) of the Clearing Conditions of Eurex Clearing AG (Attachment 1)
• Numbers 3.1, 3.4, 3.14 of the Price List of Eurex Clearing AG (Attachment 2) 

As of the effective date, the full version of the amended Clearing Conditions and Price List will be available for download on the Eurex Clearing website under the following link: 

Rules & Regs > Eurex Clearing Rules and Regulations 

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 5a 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:

• 1 – Amended Sections of the Clearing Conditions of Eurex Clearing AG 
• 2 – Amended Sections of the Price List of Eurex Clearing AG

Further information