Price List of Eurex Clearing AG

Eurex08e
As of 15.12.2022
Page 1

L..

9.1

Price List of Eurex Clearing AG

AMENDMENTS ARE MARKED AS FOLLOWS:
INSERTIONS ARE UNDERLINED
DELETIONS ARE CROSSED OUT

Service Fees for Eligible Margin Assets, Default Fund Contributions and Funds
provided for the Fulfilment of Own Funds or equivalent Regulatory Capital
Requirements

L.]

Service Fees for Eligible Margin Assets in the Form of cash
L.]

(5) Eurex Clearing AG reserves the right to charge an additional service fee for Eligible

Margin Assets in the form of cash denominated in USD, where the USD cash
amount

(i) has been delivered by the Clearing Member to Eurex Clearing on the last
Business Day of a calendar quarter,

(ii) resulted in overcollateralization, or increased, an existing overcollateralization
(i.e. in both cases exceeded the prevailing margin requirement) at the time of
delivery (including where this delivery has been made as part of a substitution) and

(iii) has not been withdrawn on the same day (overnight holding).

The fee shall correspond to an amount equal to 2.50 % of the resulting
overcollateralization or resulting increase in overcollateralization, as the case may

be, at the time of delivery.

(68) If the Clearing Member has chosen to use a Settlement Bank for payments in EUR
or CHF pursuant to Chapter | Part 1 Number 2.1.2 (4) (b) (ff) of the Clearing
Conditions, an additional settlement bank fee of 0.001 % will be charged on a
monthly basis per Clearing Member on the amounts settled through the Settlement
Bank to cover cash obligations according to Chapter | Part 1 Number 1.4.1 of the

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V22i22, 9:92 AM Amenaments to tne Price List of Eurex Clearing AG

Further information

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

Target Front Office/Trading, Middle + Backoffice
groups:
Contact: client.services@eurex.com
Web: www.eurex.com/ec-en/
Authorized Matthias Graulich
yy:

Further information

/, Attachment to Eurex Clearing circular 086/22

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

Disclaimer Privacy notice Imprint Eurex Clearing Rules & Regulations Sitemap

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Price List of Eurex Clearing AG

Eurex08e
As of 15.12.2022
Page 2

9.2

Clearing Conditions (“Settlement Bank Fee”). The Settlement Bank Fee is
determined according to the applicable Clearing Currency. A monthly minimum
Settlement Bank Fee (Floor) of EUR 3,000 or CHF 3,300, depending on the
applicable Clearing Currency, shall apply per Clearing Member and shall be charged
if a Settlement Bank is used for one or more currencies at least for one day of the
respective calendar month.

The Settlement Bank Fee shall not be charged to FCM Clearing Members.

(76) If the discounts pursuant Paragraph (2) and (4) apply simultanously, the discount
pursuant to Paragraph (2) shall be applied first and, on that outcome, the discount
pursuant to Paragraph (4) shall be applied.

(87) Eurex Clearing reserves the right to charge a lower fee.

(98) For the avoidance of doubt, the provisions on the payment of interest or charge of
negative interest on Eligible Margin Assets in the form of cash delivered to Eurex
Clearing AG and the provisions on the reimbursement of expenses arising from the
investment of cash actually delivered as Margin (as, in particular, laid out in
Chapter | Part 1 Number 3.4.4, 3.4.5 of the Clearing Conditions and Chapter |
Number 3.1.3 FCM Regulations) shall remain unaffected by this Number 9.

Service Fees for Eligible Margin Assets in the Form of Securities

(1) For Eligible Margin Assets in the form of Securities delivered to Eurex Clearing AG,
a service fee in the corresponding clearing currency will be charged in accordance
with the table below:

Standard service fee rate (applied to Eurex Clearing's | 0.10 %
exposure collateralized by the delivered Securities,
per annum)

Discounted fee-Fee rate according to Paragraph (2): 0.00 %
Securities constituting excess margin and Securities
delivered as cover for disclosed client-related OTC
Interest Rate Derivative Transactions

Fee rate according to Paragraph (3) (i): Securities 0.05 %
booked on an Internal ISA Direct Margin Account

Fee rate according to Paragraph (3) (ii): Securites 0.05 %0-05-%
delivered via GC Pooling re-use functionality
Di tod-f ding-to-P: h43
is grap!
itias-booked ISA Direct Margin-O
Account
Fee rate according to Paragraph (3) (iii): Securites 0.00 %0-05-%

delivered via GC Pooling re-use functionality for
collateralizing Repo Transactions Discountedfee

ding-toP: 43) 4ii): tes-del: d
'g- rapt

via-GC Pooling re-use functionality

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V22i22, 9:92 AM Amenaments to tne Price List of Eurex Clearing AG

22 Nov 2022
Eurex Clearing

Amendments to the Price List of Eurex
Clearing AG

Eurex Clearing Circular 086/22 Amendments to the Price List of Eurex
Clearing AG

1. Introduction

This circular introduces amendments to the Price List of Eurex Clearing AG
(Price List) regarding an additional fee for USD cash deliveries which lead to an
overcollateralization on quarter ends as well as clarification to the Service Fees
for Eligible Margin Assets in the form of Securities and for Default Fund
Contributions.

A. Introduction of an optional fee for Eligible Margin Assets in the form of cash
delivered in U.S. Dollar

B. Fee Rate according to Paragraph (3) (iv): Securities delivered as cover for
disclosed client-related transactions under use of the cross-margining
functionality

C. Standard Service Fee with respect to Eligible Margin Assets in the form of
Securities and for Default Fund Contributions

Above-mentioned topics and the amendment of the Price List will become
effective on 15 December 2022.

2. Required action
There is no action required.
3. Details of the initiative

A. Introduction of an optional fee for Eligible Margin Assets in the form of
cash delivered in U.S. Dollar

On the last business day of a quarter, Eurex Clearing reserves the right to
charge a fee on USD cash deliveries (instructed via Clearing Member GUI),

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Price List of Eurex Clearing AG

Eurex08e
As of 15.12.2022
Page 3

9.3

[1

Fee rate according to Paragraph (3) (iv): 0.05 %

Securities delivered as cover for disclosed client-
related transactions under use of the cross-margining

functionality
Led

[1

(3) Eurex Clearing grants-a-discountef 50-%charges the following -on-the service fee

referred to in Paragraph (1) with respect to Eligible Margin Assets in the form of
Securities

(i) that are booked on an Internal ISA Direct Margin Account:_a service fee of 0.05%:
and/or

(ii) which are delivered < through the GC Pooling® re-use functionality: a service fee of

(iii) which are delivered through the GC Pooling® re-use functionality to cover Eurex

Clearing exposure for Repo Transactions: a service fee of 0.00%

(iv) which cover margin requirements that actually reflect (in accordance with a

cross-margining election by the Clearing Member) netting effects on a given day
between (A) OTC Interest Rate Derivatives Transactions and OTC NDF
Transactions pursuant to Chapter VII| and (B) Eurex Transactions, provided that the
relevant Transactions are booked to the same Transaction Account within a DC
Transaction Accounts Group or ISA Transaction Accounts Group, as applicable: a
service fee of 0.05%

Service Fees for Default Fund Contributions
-]

For Contributions to the Default Fund in the form of Securities Number 9.2 applies
mutatis mutandis, i.e. the standard service fee rate of 0.10% shall apply-provided-thatthe
discounts-set out Number 9.2 (3) will not be-granted. The calculation of the service fee
will be performed act / 365 based on the value of the entire Contributions in the form of
Securities which are recorded on the internal Default Fund account (i.e. including any
Excess Contribution or FCM Excess Contribution, as applicable).

FESO SBI O OOOO III II

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V22i22, 9:92 AM Amenaments to tne Price List of Eurex Clearing AG

which will lead to an overcollateralization at delivery time due to the higher
efforts of placing USD on these days.

The following number of the Price List will be amended as outlined in the
Attachment:

@ Number 9.1 of the Price List of Eurex Clearing AG

B. Fee Rate according to Paragraph (3) (iv): Securities delivered as cover
for disclosed client-related transactions under use of the cross-margining
functionality

The following number of the Price List will be amended as outlined in the
Attachment:

@ Number 9.2 of the Price List of Eurex Clearing AG

Fee rate according to Paragraph (3) (iv):

Securities delivered as cover for disclosed client-related transactions under
use of the cross-margining functionality for disclosed client-related
transactions. Coverage regarding margin requirements that actually reflect (in
accordance with a cross-margining election by the Clearing Member) netting
effects on a given day between (A) OTC Interest Rate Derivatives Transactions
pursuant to Chapter VIII and (B) Eurex Transactions, provided that the relevant
Transactions are booked to the same Transaction Account within a DC
Transaction Accounts Group or ISA Transaction Accounts Group, as applicable:
a service fee of 0.05 percent.

C. Standard Service Fee with respect to Eligible Margin Assets in the form
of Securities and for Default Fund Contributions

Number 9.2 of the Price List of Eurex Clearing AG:

Eurex Clearing charges the service fee rates referred to in Paragraph (1) with
respect to Eligible Margin Assets in the form of Securities. An overview of the
service fee rate can be found below:

Standard service fee rate (applied to Eurex Clearing’s exposure
collateralized by the delivered Securities, per annum): 0.10 percent

® Fee rate according to Paragraph (2): Securities constituting excess
margin and Securities delivered as cover for disclosed client-related OTC
Interest Rate Derivative Transactions: 0.00 percent

Fee rate according to Paragraph (3) (i): Securities booked on an ISA
Direct Margin Own Account: 0.05 percent

@ Fee rate according to Paragraph (3) (ii): Securities delivered via GC
Pooling re-use functionality: 0.05 percent

@ Fee rate according to Paragraph (3) (iii): Securities delivered via GC
Pooling re-use functionality for collateralizing Repo Transactions: 0.00

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V22i22, 9:92 AM Amenaments to tne Price List of Eurex Clearing AG

percent

@ Fee rate according to Paragraph (3) (iv): Securities delivered as cover for
disclosed client-related transactions under use of the cross-margining
functionality: 0.05 percent

@ Additional concentration fee according to Paragraph (4) (if triggered by
Eurex Clearing): 0.075 percent

The following number of the Price List will be amended as outlined in the
Attachment:

Number 9.3 of the Price List of Eurex Clearing AG:

Eurex Clearing charges the service fee rates referred to in Paragraph (1) with
respect to Service Fee for Default Fund Contributions:

® For Contributions to the Default Fund in the form of Securities Number
9.2 applies mutatis mutandis, i.e. the standard service fee rate of 0.10
percent shall apply

All clarifications to the Price List will become effective on 15 December 2022.
As of the effective date, the full version of the amended Price List will be
available for download on the Eurex Clearing website www.eurex.com/ec-en/
under the following link:

Rules and Regs > Eurex Clearing Rules and 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:

@ Updated sections of the Price List of Eurex Clearing AG

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