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07 Jun 2023

Eurex Clearing

Amendments to the Price List of Eurex Clearing AG: Adaption of cash handling fee for Swiss Francs and Japanese Yen

Eurex Clearing Circular 039/23 Amendments to the Price List of Eurex Clearing AG: Adaption of cash handling fee for Swiss Francs and Japanese Yen

1.   Introduction

This circular introduces amendments to the Price List of Eurex Clearing AG regarding the service fees for Eligible Margin Assets in the form of cash delivered in Swiss Francs (CHF) and Japanese Yen (JPY):

  • The service fee for CHF (which is deducted from the realized rate earned through the placement of funds) will be set to 20bps (formerly 25bps).
  • The service fee for JPY (which is deducted from the TONAR benchmark rate) will be set to 40bps (formerly 30bps).

The following attached provision reflects the change:

  • Number 9.1 of the Price List of Eurex Clearing AG (Price List)

The amendment of the Price List will become effective on 1 July 2023.

2.    Required action

There is no action required.

3.    Details of the initiative

As of the effective date, the full version of the amended Rules & Regs will be available for download on the Eurex Clearing website www.eurex.com/ec-en/ under the following link: 

Rules & Regs > Eurex Clearing Rules & Regulations > 3. Price List

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 a 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.

Attachment:

  • Amended sections of the Price List of Eurex Clearing AG (effective on 1 July 2023)

Further information

Recipients:

All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors, all FCM Clearing Members and other affected contractual parties 

Target groups:

Front Office/Trading, Middle + Backoffice

Contact:

client.services@eurex.com 

Web:

www.eurex.com/ec-en/ > Services > Collateral management > Cash collateral > Interest rates on cash collateral

Authorized by:

Matthias Graulich