Account Structure

Eurex provides several position accounts where a transaction may be kept until it is closed out. There are three types of accounts:

• Agent account
• Proprietary accounts
• Market Maker accounts

Every order entered into the Eurex® system must be associated with one of these account types.

Agent and Proprietary accounts are kept on a gross basis. If a trader buys and sells identical contracts, he will have both a long position and a short position in the same account, unless the second trade is designated as a closing transaction. If an offsetting transaction is not marked as a closing transaction during entry, the designation can be adjusted later. If this is not done in a timely fashion, additional fees will be charged by Eurex.

Market Maker accounts are kept on a net basis.

Overview of Account Types

Account Codes	Account Type	Activity	Net v. Gross
A1	Agent	Clients only	Gross
G1	Pre-designated Give-up	Without the member ID of the receiving Clearing Member
G2	Designated Give-up	With the member ID of receiving Clearing
P1, P2	Proprietary	Own account	Gross
M1, M2	Market Maker	Quotes	Netto