Vii22, 1U:5 AM.

Equity index derivatives: A. Introduction of micro-Uptions on the VAX® index; 6. Lisconunuation of clearing services tor Tutu.

httne:/iwww erirex eam/ec-enifind/cirenlars/clearina-circiilar-2304R2R 515,


Eurex08e

Price List of Eurex Clearing AG “As of 19.12.2022”

Page 2
Standard Reduced
Fee per Fee per
Contract Contract Threshold
(contract (contract (number
Product / Execution volume $ volume > of
Product Group Currency Type Accounts | threshold) threshold) contracts)
A 0.12
Order book P
M na
A na.
Micro-DAX® Options EUR eee B
A
TES P .
M na
[J
A 0.33 O4F
Order book PR 0.30 045
M 0:30 aoe
A 0.34 O4F
MDAX®.Options EUR Eurex Pp 0.30 0.45
Entight M 0.30 nea
A 0:35 048
TES PR 0.30 0.45
M 0:30 Are
(1
[1
3.3 Position Closing Adjustments

(1) For Position Closing Adjustments, if these do not take place until 13:30 CET on the
trading day following the day of the transaction, the following fees shall be charged:

Product / Product Group Account | Fee per Contract

[el

Stock Tracking Futures with Group ID assigned in Annex H of the Eurex Contract
Specifications

[el

Equity Index Derivatives

591-22 (100)_h
Public


Eurex04e
As of 19.12.2022

Clearing Conditions of Eurex Clearing AG

Page 1

AMENDMENTS ARE MARKED AS FOLLOWS:
INSERTIONS ARE UNDERLINED,

DELETIONS ARE CROSSED OUT.

[el

Part 2 Clearing of Futures Contracts
L.]

2.3 Clearing of Fixed Income Futures Contracts

Ll

2.3.1 Delivery and Payment Procedures

(1) All physical deliveries shall be made versus payment (Zug-um-Zug) within the
settlement period determined by Eurex Clearing AG on the second Business Day
after the notification day (Number 2.3.4 Paragraph-(2)) unless otherwise specified.

L.]

2.4.2 Final Settlement Price
L.]

(1) With respect to the Futures Contracts on DAX®, Mini-MDAX®, MDAX®,Micro-DAX®,
Mini-DAX®, TecDAX® , DivDAX® and DAX®50 ESG, the value of the respective index
is based on the auction prices calculated by the electronic trading system of the
Frankfurter Wertpapierb6rse for those securities included in the respective index of
an intraday auction determined by the management board (Geschdftsftihrung) of the
Eurex Exchange.

[.-]
Part 3 Clearing of Options Contracts
[.-]

3.4 Clearing of Index Options Contracts

L.]

592-22 (100)_h_v1
Public


Chapter II of the Clearing Conditions of Eurex Clearing AG

Transactions Concluded at
Eurex Deutschland

(Eurex Exchange)

As of 19.12.2022

592-22 (100)_h_v1
Public


Price List of Eurex Clearing AG

Eurex08e
As of 19.12.2022

Page 1

JESSE O II IE SOS OOS IIIA SOI AOI III III I III ASAI III IIIA III IDI AS AISI IS

AMENDMENTS ARE MARKED AS FOLLOWS:

INSERTIONS ARE UNDERLINED

DELETIONS ARE CROSSED OUT

Led
3 Transaction Fees for Derivatives Transactions (Order Book Transactions and
Off-Book Transactions on the Eurex Exchange)
|
3.1 Matching / Registration of Derivatives Transactions
Ll
Standard Reduced
Fee per Fee per
Contract Contract Threshold
(contract (contract (number
Product / Execution volume S$ volume > of
Product Group Currency Type Accounts | threshold) threshold) contracts)
LJ
Equity Index Derivatives
Equity Index Futures
LJ
A 0.30 = =
‘Order book R 0.30 i Aa
M 0.30 = na
A 0.45 Rea Aa
© Eurex
MDAX® Futures EUR Ent R 0.45 = na
M 0.45 Ree Aa
A 0.45 aa Aa
TES PR 0.45 = =
M 0.45 Rea i
LJ
Equity Index Options
LJ
A 0.56 0.28 3,000
DAX® Options (ODAX, ODX1, Eurex P 0.58 0.33 2,000
ODXx2, ODX4, ODX5) EnLight
oe M 0.58 na. na.
(non-disclosed within the EUR
meaning of 3.2.1 Eurex A 0.58 0.29 3,000
Contract Specifications) TES bilateral P 0.58 0.33 2,000
M 0.58 na na

591-22 (100)_h

Public



Vii22, 1U:5 AM. Equity index derivatives: A. Introduction of micro-Uptions on the VAX® index; 6. Lisconunuation of clearing services tor tutu.

07 Nov 2022
Eurex Clearing

Equity index derivatives: A. Introduction
of Micro-Options on the DAX® index; B.
Discontinuation of clearing services for
futures and options on the MDAX® index

Eurex Clearing Circular 081/22 Equity index derivatives: A. Introduction of
Micro-Options on the DAX® index; B. Discontinuation of clearing services
for futures and options on the MDAX® index

1. Introduction

This circular contains information with respect to Eurex Clearing’s service
offering and corresponding amendments to the Clearing Conditions of Eurex
Clearing AG (Clearing Conditions) and Price List of Eurex Clearing AG (Price
List) regarding the following topics:

A. Introduction of Micro-Options on the DAX® index,
B. Delisting of futures and options on the MDAX® index.

Effective date: 19 December 2022

2. Required action

There is no required action for the participants.

3. Details

A. Introduction of Micro-Options on the DAX® index

Effective 19 December 2022, Eurex Clearing will offer clearing services for
Micro-Options on the DAX® index introduced at Eurex Deutschland.

In this context, the following measures will apply effective 19 December 2022:

@ Amendments to the Clearing Conditions of Eurex Clearing (Clearing
Conditions) regarding the inclusion of Micro-Options on the DAX® index,

httne:/iwww erirex eam/ec-enifind/cirenlars/clearina-circiilar-2304R2R 415


Price List of Eurex Clearing AG

Eurex08e

As of 19.12.2022

Page 4

Product / Product Group

Accounts

Fee per Contract

LJ

591-22 (100)_h
Public



Eurex08e

Price List of Eurex Clearing AG As of 19.12.2022

Page 3

3.4 Cash Settlement

(1) The following fees are charged for cash settlement of the products listed below:

Maximum Fee for
Product / Product Group Account | Fee per Contract Contracts on the
same underlying

Equity Futures with Group ID assigned in Annex A of the Eurex Contract
Specifications

Ll

Equity Index Derivatives

Le]

MDAX® Futures, PR EUR0.30 Rea

3.7 Exercise of Options

(1) The following fees are charged for exercising the options listed below. For the
execution of LEPOs, no fees are charged.

Product / Product Group Accounts Fee per Contract

Equity Options with Group ID assigned in Annex B of the Eurex
Contract Speci

Led
Equity Index Derivatives

LJ

A EUR 0.54
DAX® Options P EUR 0.50

M EUR 0.50

A EUR 0.12
Micro-DAX® Options P EUR 0.08

M EUR 0.08
[J

A EUR 0.33
MDAX®.Options. PR EUR 0.30

M EUR0.30

591-22 (100)_h
Public


Eurex04e
As of 19.12.2022
Page 2

Clearing Conditions of Eurex Clearing AG

[el

3.4.3 Final Settlement Price

(1) With respect to the DAX®, Mini-MDAX®, MBDAX®, TecDAX® , DivDAX®, and-DAX®50
ESG and Micro-DAX® Options Contracts, the value of the respective index is based
on the auction prices calculated by the electronic trading system of the Frankfurter
Wertpapierborse for those securities included in the respective index of an intraday
auction determined by the management board (Geschaftsftihrung) of the Eurex
Exchange.

Lol

592-22 (100)_h_v1
Public


Vii22, 1U:5 AM. Equity index derivatives: A. Introduction of micro-Uptions on the VAX® index; 6. Lisconunuation of clearing services tor tutu.

Direct Clients, FCM Clearing Members of Eurex Clearing AG,
vendors and other affected contractual parties

Target Front Office/Trading, Middle + Back Office, IT/System
groups: Administration, Auditing/Security Coordination
Related Eurex circular 103/22

circular:

Contact: client.services@eurex.com

Web: www.eurex.com/ec-en/

Authorized Jens Janka

by:

Further information

, Attachment 1 to Eurex Clearing circular 081/22

, Attachment 2 to Eurex Clearing circular 081/22

Eurex Eurex Clearing Eurex Repo EEX 360T Xetra Bérse Frankfurt
Clearstream Qontigo

Disclaimer Privacy notice Imprint Eurex Clearing Rules & Regulations Sitemap

httne:/iwww erirex eam/ec-enifind/cirenlars/clearina-circiilar-2304R2R AI


Vii22, 1U:5 AM. Equity index derivatives: A. Introduction of micro-Uptions on the VAX® index; 6. Lisconunuation of clearing services tor tutu.

As of the effective date, the full versions of the amended Clearing Conditions
and Price List will be available for download on the Eurex Clearing website
under the following link:

Rules & Regs > Eurex Clearing Rules and Regulations

B. Discontinuation of clearing services for futures and options on the
MDAX® index

In conjunction with the decision taken by the Management Board of Eurex
Deutschland to delist the futures and options on the MDAX® index
(F2MX/O2MxX), Eurex Clearing will discontinue the clearing services for these
products with effect from 19 December 2022.

To reflect the decision in the legal framework of Eurex Clearing AG, the
following provisions will be amended as outlined in Attachments 1 and 2:

@ Chapter II Part 2 Number 2.4.2 and Part 3 Number 3.4.3 of the Clearing
Conditions
@ Numbers 3.1, 3.3, 3.4 and 3.7 of the 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.

Attachments:

@ 1- Updated sections of the Clearing Conditions of Eurex Clearing AG
@ 2- Updated sections of the Price List of Eurex Clearing AG

Further information

Recipients: All Clearing Members, ISA Direct Clearing Members, Disclosed

httne:/iwww erirex eam/ec-enifind/cirenlars/clearina-circiilar-2304R2R 215


Vii22, 1U:5 AM. Equity index derivatives: A. Introduction of micro-Uptions on the VAX® index; 6. Lisconunuation of clearing services tor tutu.

@ Amendments to the Price List of Eurex Clearing (Price List) regarding
the inclusion of Micro-Options on the DAX® index.

Please refer to Eurex circular 103/22 for detailed trading-related information
as well as the amendments of the relevant Rules and Regulations of Eurex
Deutschland.

Production start: 19 December 2022
a. Product overview

Micro-Options on the DAX® Index differ from the existing DAX® index options
(ODAX) in terms of contract size and offered terms only. The value of one
index point is EUR 1, while the maximum term is 12 months.

b. Contract specifications
For the detailed contract specifications, please refer to Eurex circular 103/22.
c. Product group

The product group of the new product is as follows:

Regulatory

oe Capacity name

Fy >
2 3
A 2
3 Fy
c= E
a 3

Micro-Options on | E/I Options | Not approved for Cash ie) Index | EUR Cash/Physical
the DAX® index in EUR trading in the U.S EUR

d. Transaction fees

The fees for the new product can be retrieved from the updated sections of
the Price List, as outlined in Attachment 2.

e. Risk parameters

Margins for the new products are calculated in Prisma. For the risk parameters
of the new products, please refer to the Eurex Clearing website
www.eurex.com/ec-en/ under the link:

Services > Risk parameters
f. Amendments to the legal framework of Eurex Clearing AG
The following provisions will be amended as outlined in the attachments:

@ Chapter II Part 3 Number 3.4.3 of the Clearing Conditions
@ Numbers 3.1 and 3.7 of the Price List

httne:/iwww erirex eam/ec-enifind/cirenlars/clearina-circiilar-2304R2R 215