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Amendments to the Price List of Eurex Clearing AG

Release date: 14 Feb 2020 | Eurex Clearing

No. 017/2020 Amendments to the Price List of Eurex Clearing AG

Eurex Clearing Circular 017/20

1.    Introduction

This circular contains information with respect to Eurex Clearing’s service offering and corresponding amendments to the Price List of Eurex Clearing AG (Price List) regarding the following topic:

  • Alternative fee currency for FX Derivatives with quote currency JPY

The amendments will come into effect on 2 March 2020

2.    Required action

In order to use Japanese JPY as an alternative fee currency for the respective FX products, the form “Choice of alternative fee currencies for FX products” has to be filled out. The form will be available for download on the Eurex Clearing website www.eurexclearing.com under the following link:

Resources > Forms > Choice of alternative fee currencies for FX products

Please contact your Key Account Manager for further information.

3.    Details of the initiative

Alternative fee currency for FX Derivatives with quote currency JPY

Eurex Clearing charges fees for transactions pursuant to Chapter I Part 1 Number 5.1 of the Clearing Conditions of Eurex Clearing AG. In general, transaction fees for FX Derivatives (FX Futures and FX Options) are charged in U.S. dollar. Eurex Clearing now offers Clearing Members, Non-Clearing Members and Registered Customers the possibility to choose an alternative fee currency for FX Derivatives with quote currency Japanese yen, in addition to the existing Swiss franc and British pound.

With explicit registration for the alternative fee currency, which equals the quote currency of the respective FX Derivative, this currency will apply to all fees with regard to the selected FX Derivative.

To reflect the changes, the following provisions in the Price List will be amended as outlined in the Attachment:

  • Number 3 Introduction of the alternative fee currency
  • Number 3.1 Matching / Registration of Derivatives Transactions
  • Number 3.3 Position Closing Adjustments
  • Number 3.5 Determination of the Bonds/Swaps/currency to be delivered (Notification)
  • Number 3.6 Allocation of the Bonds/Swaps/currency to be delivered (Allocation)
  • Number 3.7 Exercise of Options
  • Number 3.8 Assignment of Options 
  • Number 3.14 Maintenance Fees
  • Number 3.15 Average Price Processing

The amendments above will become effective on 2 March 2020. As of the effective date, the full version of the amended Price List will be available for download on the Eurex Clearing website www.eurexclearing.com under the following link: 

The changes and 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 within the first ten (10) Business Days after publication. Any ordinary right of Eurex Clearing AG to terminate the respective contract (including a Clearing Agreement, if applicable) shall remain unaffected.

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: 

  • Amended sections of the Price List of Eurex Clearing AG 

Further information

Recipients:All Clearing Members, Basic Clearing Members, Disclosed Direct Clients, FCM Clearing Members of Eurex Clearing AG, vendors and other affected contractual parties
Target Groups:Front Office/Trading, Middle + Back Office
Contact:client.services@eurexclearing.com 
Web:www.eurexclearing.com
Authorised by:Matthias Graulich