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Update: Connection fee rebates for new Trading Members affiliated with existing Trading Member

Release date: 01 Jul 2019 | Eurex Exchange

070/2019 Update: Connection fee rebates for new Trading Members affiliated with existing Trading Member

Eurex Circular 070/19

1. Introduction

To support new Trading Members with an affiliated existing Trading Member, Eurex Frankfurt AG will offer a temporary rebate on the connection fees of new Trading Members effective from 1 October 2018 to 31 October 2019 (initially 30 June 2019).

2. Required actions

In order to receive the rebates on connection fees, it is required that the new Trading Member has applied for this prior to the respective calendar month. For this purpose, the new Trading Member needs to complete and submit the form in Attachment 2.

3. Details of the initiative

For Trading Members newly admitted to Eurex Deutschland on or after 1 September 2018 (“new Trading Members”), that are affiliated with a company admitted as a Trading Member of Eurex Deutschland before 1 September 2018 (“existing Trading Member”), the connection fees of the new Trading Member will be discounted in accordance with the following rules:

A 50 percent rebate is granted on connection fees (as defined in Numbers 1 and 2 of the Price List to the Connection Agreement of Eurex Frankfurt AG), whereby the total amount of these connection fees to be rebated for a calendar month is limited to:

  1. the total amount of the connection fees charged to the affiliated existing Trading Member for the calendar month in which the new Trading Member was admitted (Reference Fee), and
  2. the positive difference between (a) the sum of the respective connection fees charged to the new and the affiliated existing Trading Member in the respective calendar month and (b) the Reference Fee.

The table in Attachment 1 illustrates four potential scenarios for the rebate calculation. In this example, the connection fee of the existing Trading Member in September 2018 (e.g. 10,000 EUR) equals the Reference Fee (RF), because the new Trading Member was admitted in September 2018. Therefore, the incentive scheme will be applied to the new Trading Member between October 2018 and October 2019. All amounts in the table are in EUR.


Attachments:

  • Attachment 1 - Table illustrating four potential secenarios for the rebate calculation (example) 
  • Attachment 2 - Registration form "Connection fee rebates for new Trading Members affiliated with existing Trading Member”


Recipients:All Trading Participants of Eurex Deutschland and Vendors
Target groups:Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination
Contact:client.services@eurexchange.com
Related Eurex circular:064/18
Related Eurex Clearing circular:065/19
Authorized by:Michael Peters
 

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