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02 Jan 2024

Eurex Clearing

Equity Index Derivatives: Extension and amendment of the Eurex Flow Incentive Model

Eurex Clearing Circular 001/24 Equity Index Derivatives: Extension and amendment of the Eurex Flow Incentive Model

1.   Introduction   

As of 1 January 2024, Eurex Clearing AG and Eurex Frankfurt AG (together “Eurex”) will extend and amend the rebate scheme “Flow Incentive Model”.

Term of the amended Eurex Flow Incentive Model (hereinafter referred to as “Model” or “Program”): 1 January 2024 until 31 December 2024.

2.   Required action

Trading Participants of Eurex Deutschland (“Trading Participants”), who are interested to participate and receive further information on this Model, should contact Eurex via e-mail to rachna.mathur@eurex.com or eurex.pricing@eurex.com.

After indicating their interest to participate in the Program, Eurex will provide interested Trading Participants with the respective Registration Form and Terms of the Model.

Interested Trading Participants must send the Registration Form to client.services@eurex.com by 1 March 2024 at the latest to register for the Program. 

Trading Participants whose Registration Forms are received by 1 March 2024 will be included in the Model with retroactive effect from 1 January 2024.

3.   Details of the initiative

The Eurex Flow Incentive Model is an incentivization scheme for selected Equity Index Futures (MSCI, Sector, Dividend and Total Return Futures) targeting Trading Participants who make a significant contribution to the further growth in these product segments.

To receive additional rebates on their net fees accumulated in these segments, Trading Participants need to fulfil certain requirements which are defined in the Terms of the Model.

For participation, a registration to this Model is required. 

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.


Further information

Recipients:

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

Target groups:

Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination

Contact:

Only for submitting the Registration Form: client.services@eurex.com

For all other purposes, such as Marketing/Sales Initiative planning or questions on the Flow Incentive Model: Rachna Mathur, rachna.mathur@eurex.com OR Market Development & Pricing, eurex.pricing@eurex.com

Web:

www.eurex.com/ec-en/

Authorized by:

Matthias Graulich