Eurex Clearing
1. Introduction
Effective 3 November 2025, Eurex Clearing AG (Eurex Clearing) will offer clearing services for Options on the Three-Month Euro STR Future Contract, One-Year Euro STR Mid-Curve Options Contract and Two-Year Euro STR Mid-Curve Options Contract.
In this context, the Executive Board of Eurex Clearing AG took the following decisions effective 3 November 2025:
Please refer to Eurex Circular 088/25 for detailed trading-related information, including fee classification and the related amendments to the Rules and Regulations of Eurex Deutschland.
Production start: 3 November 2025
2. Required action
There is no action required for participation.
3. Details of the initiative
A. Product overview
Please refer to the table below for the product overview of the new products.
Product | Product ID | Currency | Product-ISIN | Underlying ISIN |
Three-Month Euro STR Options | OST3 | EUR | DE000A4AP372 | DE000A3CNW06 |
One-Year Euro STR Mid-Curve Options | OSM1 | EUR | DE000A4AP380 | DE000A3CNW06 |
Two-Year Euro STR Mid-Curve Options | OSM2 | EUR | DE000A4AP398 | DE000A3CNW06 |
B. Contract specifications
For the detailed contract specifications, please refer to Eurex Circular 088/25.
C. Product group
Please refer to the table below for the product group of the new products:
Product Segment | Product Group | Regulatory Status | Settlement Type | Product Type | Product Currency | Product Capacity Name |
Interest Rate Index Options | Option Contracts | Pending CFTC Approval | Physical | OFIT | EUR | Cash EUR - CFTC |
D. Transaction fees
The transaction and maintenance fees for the new products can be retrieved from the updated section of the Price List, as outlined in the Attachment.
E. Risk parameters
Margins for the new products are calculated in Prisma. For the risk parameters of the new product, please refer to the Eurex Clearing website www.eurex.com/ec-en/ under the following link:
F. 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 Attachment:
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.
Attachment:
Further information
Recipients: | All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients, FCM Clearing Members of Eurex Clearing AG, vendors and other affected contractual parties | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination | |
Related circular: | Eurex Circular 088/25 | |
Contact: | client.services@eurex.com | |
Web: | www.eurex.com/ec-en/ | |
Authorized by: | Jens Janka |