| Date | Project | Action Item |
01 Jan | OTC IRD: Amendments to High Turnover Pricing Model | Effective date for: - Amendments to Price List of Eurex Clearing regarding OTC IRD High Turnover Pricing Model for DC-related transactions
- Introduction of a temporary incentive scheme for new subscriptions to OTC IRD High Turnover Pricing Model
|
01 Jan | Eurex Pricing Roadmap 2026 | Amendment of standard fees for certain products in the respective currency pursuant to Number 3 of the Price List of Eurex Clearing AG |
01 Jan | Collateral Pricing Redesign 2026 | Amendments to the service fees for eligible margin assets in form of cash, securities and default fund contributions |
01 Jan | PSS Equity Index 70 – Euro STOXX 50® EoD Index Options | Effective date for the prolongation and change of the Liquidity Provider scheme |
01 Jan | Fixed Income derivatives |
Effective date for amendments of Product Specific Supplement: - Fixed Income 20 – Eurex EURO Credit Index Futures
- Fixed Income 21 – Eurex USD Credit Index Futures
- Fixed Income 22 – Eurex Global Credit Index Futures
|
01 Jan |
Amendments to the Clearing Conditions of Eurex Clearing AG related to a Clearing Member domiciled in Ontario or Quebec, Canada
1. Introduction
Based on exemptions granted by the Ontario Securities Commission (OSC) and the Autorité des Marchés Financiers (AMF) Eurex Clearing is authorized to offer clearing services for both OTC Derivatives Transactions (OTC) and exchange-traded derivatives (ETD) to Clearing Members domiciled in Ontario or Quebec (Canada) and their clients (Licensing & supervision).
For the clearing of OTC as well as for the clearing of ETD transactions through a Clearing Member domiciled in Ontario or Quebec (Canada), limitations apply and have been incorporated into the legal framework by adding a provision.
The amendments will become effective as of 1 January 2026.
With this provision, a Canadian Clearing Member represents that the relevant Direct Client will be informed about the limitations regarding the protection under the Elementary Clearing Model Provisions and the ISA Provisions with regards to porting mechanics and a direct payment of a Difference Claim (if any) to the...
Amendments to the Clearing Conditions of Eurex Clearing AG related to a Clearing Member domiciled in Ontario or Quebec, Canada
<div xmlns="http://www.coremedia.com/2003/richtext-1.0" xmlns:xlink="http://www.w3.org/1999/xlink"><p><strong>1. Introduction</strong></p><p>Based on exemptions granted by the Ontario Securities Commission (OSC) and the Autorité des Marchés Financiers (AMF) Eurex Clearing is authorized to offer clearing services for both OTC Derivatives Transactions (OTC) and exchange-traded derivatives (ETD) to Clearing Members domiciled in Ontario or Quebec (Canada) and their clients (<a xlink:show="new" xlink:type="simple" xlink:href="https://www.eurex.com/ec-en/find/about-us/licensing-supervision">Licensing & supervision</a>).<br/><br/>For the clearing of OTC as well as for the clearing of ETD transactions through a Clearing Member domiciled in Ontario or Quebec (Canada), limitations apply and have been incorporated into the legal framework by adding a provision. <br/><br/>The amendments will become effective as of <strong>1 January 2026</strong>. <br/><br/>With this provision, a Canadian Clearing Member represents that the relevant Direct Client will be informed about the limitations regarding the protection under the Elementary Clearing Model Provisions and the ISA Provisions with regards to porting mechanics and a direct payment of a Difference Claim (if any) to the relevant Direct Client. The Canadian Clearing Member shall disclose to the relevant Direct Client any risks which arise from clearing through such Canadian Clearing Member and as an alternative offer the availability of EMIR-compliant client segregation models for individual client segregation and omnibus client segregation for Direct Clients through an affiliated Clearing Member or another Clearing Member with its registered seat in the European Union.</p><p><strong>2. Required action</strong><br/><br/>No specific actions are required.<br/><br/><strong>3. Details of the initiative</strong><br/><br/>Based on a permanent exemption order under section 147 of the Securities Act (Ontario) (Act) and based on an exemption by the Authority of Financial Markets under section 86 of the Derivatives Act, CQLR, c. I-14-01 (the QDA), Eurex Clearing is offering clearing services to Clearing Members domiciled in Ontario or Quebec (Canada) and their clients for OTC and ETD transactions. <br/><br/>For the clearing of OTC as well as for the clearing of ETD transactions the following limitations apply and have been incorporated into the legal framework by adding a provision. Pursuant to this provision, the Clearing Member represents to Eurex Clearing that </p><ul><li>with respect to Direct Clients, a Canadian Clearing Member shall, prior to entering into a client clearing documentation inform the relevant Direct Client that the level of protection under the Elementary Clearing Model Provisions and the ISA Provisions with regards to porting mechanics and a direct payment of a Difference Claim (if any) to the relevant Direct Client cannot be offered when the relevant Direct Client clears its Transactions through a Canadian Clearing Member. </li><li>the Canadian Clearing Member must offer to Direct Clients, which intend to clear their Transactions through the Canadian Clearing Member, the availability of EMIR-compliant client segregation models for individual client segregation and omnibus client segregation for Direct Clients through an affiliated Clearing Member or another Clearing Member with its registered seat in the European Union. If – notwithstanding the aforementioned alternatives offered – the relevant Direct Client chooses to clear its Transactions through the Canadian Clearing Member, the Canadian Clearing Member shall disclose to the relevant Direct Client any risks which arise from clearing through such Canadian Clearing Member.</li></ul><p><strong>4. Amendments to the legal framework of Eurex Clearing AG</strong><br/><br/>To reflect the changes, the following provisions of the Clearing Conditions will be amended effective as of 1 January 2026, as outlined in the Attachment:</p><ul><li>Amendments to Chapter I Part 1 No. 2.3 and 2.5 of the Clearing Conditions </li></ul><p>As of the effective date, the full version of the amended Clearing Conditions will be available for download on the Eurex Clearing website <a xlink:show="new" xlink:type="simple" xlink:href="https://www.eurex.com/ec-en/">www.eurex.com/ec-en/</a> under the following link:<br/><br/><a xlink:show="new" xlink:type="simple" xlink:href="https://www.eurex.com/ec-en/rules-regs/rules-and-regulations">Eurex Clearing Rules & Regulations</a><br/><br/>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.<br/><br/>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.<br/><br/><strong>Attachment: </strong></p><ul><li>Amendments to Chapter I Part 1 No. 2.3 and 2.5 of the Clearing Conditions of Eurex Clearing AG</li></ul><p><br/></p><p><strong>Further information</strong> </p><p><br/></p><table><tbody><tr><td class="table-width-033"><p>Recipients:</p></td><td class="table-width-033"/><td class="table-width-033">All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors </td></tr><tr><td class="table-width-033"><p>Target groups:</p></td><td class="table-width-033"/><td class="table-width-033">Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination </td></tr><tr><td>Contact: </td><td/><td><p>client.services@eurex.com</p></td></tr><tr><td>Web: </td><td/><td><a xlink:show="new" xlink:type="simple" xlink:href="https://www.eurex.com/ec-en/">www.eurex.com/ec-en/</a></td></tr><tr><td>Authorized by: </td><td/><td><p>Jens Janka</p></td></tr></tbody></table><p><br/></p><p><br/></p></div>
| Effective date for the amendments |
01 Jan |
Amendments to the legal framework of Eurex Clearing AG: Changes to the Statutes for the FIC Board Advisory Committee
1. Introduction
This circular contains information with respect to the service offering of Eurex Clearing AG (Eurex Clearing) and introduces amendments to the Statutes for the FIC Board Advisory Committee of Eurex Clearing effective as of 1 January 2026.
2. Required action
There is no required action for the participants.
3. Details
The Statutes for the FIC Board Advisory Committee will be amended to implement certain procedural clarifications, such as more granular rules to facilitate circular resolutions by the FIC Board Advisory Committee.
To reflect these amendments, the following provisions will be amended as outlined in the Attachment:
§§ 1-4, 7-10 and 14 of the Statutes for the FIC Board Advisory Committee
As of the effective date, the amended full version of the Statutes for the FIC Board Advisory Committee will be published on the Eurex Clearing website www.eurex.com/ec-en/ under 5. Ancillary Clearing Documents.
The amendments to the legal framework of Eurex...
Amendments to the legal framework of Eurex Clearing AG: Changes to the Statutes for the FIC Board Advisory Committee
<div xmlns="http://www.coremedia.com/2003/richtext-1.0" xmlns:xlink="http://www.w3.org/1999/xlink"><p><strong>1. Introduction</strong></p><p>This circular contains information with respect to the service offering of Eurex Clearing AG (Eurex Clearing) and introduces amendments to the Statutes for the FIC Board Advisory Committee of Eurex Clearing effective as of <strong>1 January 2026</strong>.</p><p><strong>2. Required action</strong></p><p>There is no required action for the participants.</p><p><strong>3. Details</strong></p><p>The Statutes for the FIC Board Advisory Committee will be amended to implement certain procedural clarifications, such as more granular rules to facilitate circular resolutions by the FIC Board Advisory Committee.</p><p>To reflect these amendments, the following provisions will be amended as outlined in the Attachment:</p><ul><li>§§ 1-4, 7-10 and 14 of the Statutes for the FIC Board Advisory Committee</li></ul><p>As of the effective date, the amended full version of the Statutes for the FIC Board Advisory Committee will be published on the Eurex Clearing website <a xlink:show="new" xlink:type="simple" xlink:href="https://www.eurex.com/ec-en/">www.eurex.com/ec-en/</a> under <a xlink:show="new" xlink:type="simple" xlink:href="https://www.eurex.com/ec-en/rules-regs/rules-and-regulations/5.-Ancillary-Clearing-Documents-4061110">5. Ancillary Clearing Documents</a>.</p><p>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. <br/><br/>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.<br/> </p><p><strong>Attachment:</strong></p><ul><li>Amended sections of the Statutes for the FIC Board Advisory Committee</li></ul><p><br/><strong>Further information</strong> </p><table><tbody><tr><td class="table-width-033"><p>Recipients:</p></td><td class="table-width-033"/><td class="table-width-033"><p>All Clearing Members, Basic Clearing Members, Direct Client Market Participants/Indirect Client Market Participants, Disclosed Direct Clients, FCM Clearing Members, vendors and other affected contractual parties of Eurex Clearing AG</p></td></tr><tr><td class="table-width-033"><p>Target groups:</p></td><td class="table-width-033"/><td class="table-width-033"><p>Front Office/Trading, Middle + Backoffice, IT/System Administration</p></td></tr><tr><td>Contact: </td><td/><td><p>client.services@eurex.com</p></td></tr><tr><td>Web: </td><td/><td><a xlink:show="new" xlink:type="simple" xlink:href="https://www.eurex.com/ec-en/">www.eurex.com/ec-en/</a></td></tr><tr><td>Authorized by: </td><td/><td><p>Matthias Graulich</p></td></tr></tbody></table><p><br/></p></div>
| Changes to the Statutes for the FIC Board Advisory Committee |
02 Jan | Default Management Committee Rules of Eurex Clearing AG (DMC Rules) | Amendments to the DMC Rules regarding the establishment and remote convention of a DMC |
19 Jan | Securities Clearing: C7 Securities Clearing Service (C7 SCS) Release 5.0 | Introduction of the Payment Free of Delivery (PFoD) functionality |
02 Feb | Prisma Risk Management: Bonds and Repos | Member Opt-In start |
23 Mar | C7 Release 12.1 | Simulation start |
31 Mar | OTC IRD Pricing Pack Special Offers and Credit Index Futures Price List changes 2026 | Last day for booking of OTC IRD Gold Pack Special Offer 2026 |
01 Apr | Enhanced Drop Copy (EDC) and corresponding amendments to the GTC | Introduction of connection fees for Enhanced Drop Copy sessions and usage |
01 Apr | Eurex Pricing Roadmap 2026 | Amendment of the standard fees, reduced fees, rebates and thresholds in the respective currency pursuant to Number 3 of the Price List of Eurex Clearing AG |
18 May | C7 Release 12.1 | Production start |
30 Jun | EURO STOXX 50® End-of-Day Index Options | End of extension of temporary reduction of A-Account transaction fees for EURO STOXX 50® End-of-Day Index Options |
31 Aug | Repo: Amendments to Price List | Start of waiver of single admission fee for Clearing Member admission under Price List applies to members of European System of Central Banks |