Price List of Eurex Clearing AG

Eurex08e

As of 15.05.2023

Page 1

ISSA SSAA SESS ISSA IIE IESE ISIE AI IRI

AMENDMENTS ARE MARKED AS FOLLOWS:

INSERTIONS ARE UNDERLINED;

DELETIONS ARE CROSSED OUT

IEEE SI IEEE SII ISIS IESE ISI AIOE IAI IAI IAI

[Le]
3 Transaction Fees for Derivatives Transactions (Order Book Transactions and
Off-Book Transactions on the Eurex Exchange)
[.]
3.1 Matching / Registration of Derivatives Transactions
|
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)
[1
tl |
Equity Options/LEPOs with Group ID assigned in Annex B of the Eurex Contract Specifications
A 0.17 0.09 1,000
Order book P 0.10 0.05 500
M 0.10 na. na.
A 0.17 0.09 1,000
DE11, DE12, DE43DE14 EUR Eurex P 0.10 0.05 500
EnLight
M 0.10 na. na.
A 0.17 0.09 1,000
TES P 0.10 0.05 500
M 0.10 na. na.
A 0.14 0.07 1,000
Order book P 0.10 0.05 500
AT11, AT12, BE11, BE12, M 0.10
BE43,ES11, S12, ES43, : nea. na.
FI11, FI12, Fi43,F114, FR11, E A 0.14 0.07 1,000
FR12, FR43-FR14, E11, EUR Enlight P 0.10 0.05 500
1E12, 17411, 1712, F43,NL11, mg M 0.10 na. na.
NL12, NL43-NL14, SE12,
DK12, NO12 A 0.14 0.07 1,000
TES P 0.10 0.05 500
M 0.10 na. na.
A 0.22 0.11 1,000
CH11, CH12, GH43-CH14 CHF Order book
reer poo! P 0.16 0.08 500

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2123123, 1:40 AM. Next Generation E | L Contracts: AMenaments to tne Clearing Gonaltions ana the Price List of Eurex Clearing AG

Target Front Office/Trading, Middle + Back Office, IT/System
groups: Administration, Auditing/Security Coordination
Related Eurex Clearing Circular 024/22, Eurex Circular 014/23
circulars:

Contact: client.services@eurex.com

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

Authorized Jens Janka

by:

Further information

Attachment 1 to Eurex Clearing Circular 008/23
=, Attachment 2 to Eurex Clearing Circular 008/23

, Attachment 3 to Eurex Clearing Circular 008/23

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

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Price List of Eurex Clearing AG

Eurex08e
As of 15.05.2023

Page 5

L..

Product / Product Group

Account

Fee per Contract

Ll

Interest Rate Derivatives

Ll

a ee os

A FURS
R jal
M EUR 0.20

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Eurex04e
As of 27.03.2023

Clearing Conditions of Eurex Clearing AG

Page 3

Chapter II

(6) With respect to the MSCI Index Options Contracts-onPrcetadices, the closing value
of the price-index on the last trading day shall be decisive.

(7) [Deleted]Wi i
Indices -t!

he-rel t-closi rf £ the Net Total ReturntInd: theast tradi:
° ig 9

L.]

(12) In case of extraordinary circumstances, especially if the trading is interrupted due to
technical problems or if a price determination for one or more Securities and/or
indices is not possible for other reasons, Eurex Clearing AG may determine the final
settlement price by means of another procedure.

For Options Contracts on the Euro STOXX® index, in case of any such trading
interruptions in at least one index constituent, which must have had at least one
uninterrupted minute overlap with the time period the calculation of the average of
the EURO STOXX® 50 index takes place, the respective index calculations used for
the calculation of the average will be corrected in a way that only the respective first
tradable price after the interruption will be used for the affected components and time
period. Such a correction will not take place if no tradable price has been determined
until 17:45 CET. Such a correction will also apply in all STOXX® equity index options
which comprise the respective Euro STOXX® 50 index constituent.

For MSCI Index Options Contracts, Eurex Clearing AG can also change the final
settlement prices based on a retrospectively announced correction by the index
provider MSCI.

Jnr anioniibiebi

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Chapter II of the Clearing Conditions of Eurex Clearing AG

Transactions Concluded at
Eurex Deutschland

(Eurex Exchange)

As of 27.03.2023

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Disclaimer Privacy notice Imprint Eurex Clearing Rules & Regulations Sitemap

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Eurex04e
Clearing Conditions of Eurex Clearing AG

As of 27.03.2023

Page 2

Chapter II

2.4.2 Final Settlement Price

The final settlement price of the Index Futures Contracts will be determined by Eurex
Clearing AG (pursuant to Number 1.3.4 of the Eurex Contract Specifications) at the final
settlement day of a contract.

Ll

(11) With respect to the FTSE® 100 Index Futures Contracts, the value of the index is
based on the FTSE® 100 Expiry Index (index symbol UKSXP) as calculated by FTSE
International Limited following the exchange delivervy settlement price (EDSP)
intraday auction on the London Stock Exchange run specifically for that purpose.

(12) In case of extraordinary circumstances, especially if the trading is interrupted due to
technical problems or if a price determination for one or more Securities and/or
indices is not possible for other reasons, Eurex Clearing AG may determine the final
settlement price by means of another procedure.

For Futures Contracts on the Euro STOXX® 50 index, in case of any such trading
interruptions in at least one index constituent, which must have had at least one
uninterrupted minute overlap with the time period the calculation of the average of
the EURO STOXxX® 50 index takes place, the respective index calculations used for
the- calculation of the average will be corrected in a way that only the respective first
tradable price after the interruption will be used for the affected components and time
period. Such a correction will not take place if no tradable price has been determined
until 17:45 CET. Such a correction will also apply in all STOXX® equity index futures
which comprise the respective Euro STOXX® 50 index constituent.

For Futures Contracts on MSCI Indices, Eurex Clearing AG can also change the
final settlement prices based on a retrospectively announced correction by the index
provider MSCI. Such correction is not foreseen for Daily Futures on MSCI Indices as
specified in chapter 1.3.3 of the Eurex Contract Specification.

[el

Part 3 Clearing of Options Contracts

3.4 Clearing of Index Options Contracts

L.]

3.4.3 Final Settlement Price
[J

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2123123, 1:40 AM. Next Generation E | L Contracts: AMenaments to tne Clearing Gonaltions ana the Price List of Eurex Clearing AG

23 Feb 2023
Eurex Clearing

Next Generation ETD Contracts:
Amendments to the Clearing Conditions
and the Price List of Eurex Clearing AG

Eurex Clearing Circular 008/23 Next Generation ETD Contracts:
Amendments to the Clearing Conditions and the Price List of Eurex
Clearing AG

1. Introduction

This circular contains information with respect to Eurex Clearing AG'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 to the following topics:

@ A. Clarification of the provisions on the Clearing of Index Futures and
Index Options in the Clearing Conditions,

® B. Market-on-Close Futures T+X (Basis Trading in MSCI Index Futures),

@ C. Integration of Weekly Expiring Contracts on Product Level in Equity
Options, Fixed Income Options and Index Options,

@ D. Fee waiver for the delivery resulting from Single Stock Futures
Contracts,

@ E. Fee waiver for the transaction fees of MSCI Futures for the usage of
the calendar spread instrument between Daily and Quarterly Futures.

The amendments for topic A. will come into effect on 27 March 2023.
The amendments for topic B. will come into effect on 24 April 2023.

The amendments for topic C. will come into effect on 15 May 2023.

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Eurex08e
Price List of Eurex Clearing AG

As of 24.04.2023
Page 2
A 0.60 na. na.
Order book P 0.60 na. na.
M 0.60 na. na.
MScI Fut 7 A 0.90 na. na.
‘utures: ‘urex
(denominated in EUR) EUR EnLight P 0.90 na. na
M 0.90 na. na.
A 0.90 na. na.
TES P 0.90 na. na.
M 0.90 na. na.
A na. n
Order book Pp
MSCI Futures M
(denominated in EUR), if Eurex A
traded via the calendar spread | EUR EnLight PB
instrument between a Daily Entiant M
and a Quarterly Future A
TES Pp
M
A
Order book P
M
MSCI Fut Et A
utures urex
(denominated in GBP) GBP EnLight r
A
TES P
M
A
Order book Pp
MSCI Futures M
(denominated in GBP), if A
traded via the calendar spread | GBP i
instrument between a Daily M
and a Quarterly Future A
TES Pp
M
ia
A
Order book Pp
MSCI Futures M
(denominated in USD or JPY). A
if traded via the calendar USD P
spread instrument between a M
Daily and a Quarterly Future A
TES P
M

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Eurex08e

Price List of Eurex Clearing AG As of 24.04.2023

Page 1

AMENDMENTS ARE MARKED AS FOLLOWS:
INSERTIONS ARE UNDERLINED;

DELETIONS ARE CROSSED OUT

see Soberio ss Enea nents se eed

[1

3 Transaction Fees for Derivatives Transactions (Order Book Transactions and

Off-Book Transactions on the Eurex Exchange)

L.]

3.1 Matching / Registration of Derivatives Transactions

L.]

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)
(-]
Equity Index Derivatives
Equity Index Futures
Ll
A 0.60 na.
Order book P 0.60 n. a.
M 0.60 na.
MSCI Futures Eurex A 0.90 na.
(denominated in CHF) CHF EnLight P 0.90 nia.
M 0.90 na.
A 0.90 na.
TES P 0.90 na.
M 0.90 n.a.
A 0.15 na,
Order book P 0.15 na.
MSCI Futures M 9.15
denominated in CHF), if A 0.30
traded via the calendar spread | CHF Pp 0.30
instrument between a Daily M 0.30
and a Quarterly Future A 0.30
TES P 0.30
M 0.30 na.
Ll

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Eurex04e
As of 27.03.2023

Clearing Conditions of Eurex Clearing AG

Page 1
Chapter II

AMENDMENTS ARE MARKED AS FOLLOWS:
INSERTIONS ARE UNDERLINED;

DELETIONS ARE CROSED OUT

Lol

Part 2 Clearing of Futures Contracts

L.]

21 General Provisions

The general provisions pursuant to this Number 2.1 apply to all Futures Contracts unless
deviating rules pursuant to Number 2.2 to 2.23-29 apply.

2.1.2 Daily Settlement Price
LJ

(2) Eurex Clearing AG determines the daily settlement price according to the true
market conditions of the respective contract and under consideration of its risk
assessment in its reasonable discretion (billiges Ermessen).

[J
(c) Exceptions
The following exceptions shall apply:

[-]

(kk) The daily settlement price for Daily Futures-on MSCl Indices as specified in
chapter 1.3.3 of the Eurex Contract Specifications, shall be determined in

accordance with limb (b) only.

L.]

2.4 Clearing of Index Futures Contracts

L.]

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2123123, 1:40 AM. Next Generation E | L Contracts: AMenaments to tne Clearing Gonaltions ana the Price List of Eurex Clearing AG

Only as of 1 November 2023, the transaction fees according to Number 3.1 of
the Price List will be charged.

Please refer to Eurex circular 014/23 for detailed trading-related
information and the related amendments to the Rules and Regulations of
Eurex Deutschland.

As of the effective date, the full version 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

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-Amended sections of the Clearing Conditions of Eurex Clearing AG
(effective from 27 March 2023)

@ 2-Amended sections of the Price List of Eurex Clearing AG (effective
from 24 April 2023)

@ 3-Amended sections of the Price List of Eurex Clearing AG (effective
from 15 May 2023)

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

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

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Eurex08e

Price List of Eurex Clearing AG As of 15.05.2023

Page 2
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)
M 0.15 na. na.
7 A 0.22 0.11 1,000
urex
Enlight P 0.15 0.08 500
M 0.15 na. na.
A 0.22 0.11 1,000
TES P 0.15 0.08 500
M 0.15 na. na.
LJ
Equity Index Derivatives
Equity Index Futures
[1
A 0.60 0.30 3,000
DAX® Options (ODAX,-ODX+, a P 0.58 0.33 2,000
nis
(ronisclosed within the | EUR ° u 0.58 a a)
meaning of 3.2.1 Eurex A 0.60 0.30 3,000
Contract Specifications) TES bilateral P 0.58 0.33 2,000
M 0.58 na. na.
[1
A 0.36 0.18 3,000
EURO STOXX 50° Index ent P 0.37 024 2,000
Option (OESX, OES1,OES2, nLigl 0.10 8,000
OES4,OMSX) EUR M 0.37 na. na.
(non-disclosed within the A 0.36 0.18 3,000
meaning of 3.2.1 Eurex 0.21 2.000
if TES bilateral P 37 : :
Contract Specifications) S bilateral 0.3) 010 8.000
M 0.37 na. na.
Ll
Euro STOXX® Banks Options Eurex : baa oie sooo
(OESB,-OEB4,OEB2-OEB4, EnLight - - -
OEBS) EUR M 0.33 na. na.
(non-disclosed within the A 0.32 0.18 3,000
meaning ¢ an ae TES bilateral P 0.33 0.19 2,000
‘ontract Specifications) w 033 ha. ha.
bel
A 1.18 0.59 3,000
‘SMI° Options (OSMI-OSM4, et P 1.16 0.66 2,000
OSM2,OSM4,OSM5) nLig M 116
(non-disclosed within the CHF : nee m8
meaning of 3.2.1 Eurex A 1.18 0.59 3,000
Contract Specifications) TES bilateral P 1.16 0.66 2,000
M 1.16 na. na.
bel

Interest Rate Derivatives

Interest Rate Futures

Interest Rate Options

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Price List of Eurex Clearing AG

Eurex08e
As of 15.05.2023

Page 4
Product / Product Group Account Fee per Contract
Interest Rate Derivatives
[J
A EUR 0.50
Weel Osdens sauce Bas Patras PR EURO.40
M EUR O40
Ll
vo]
3.7 Exercise of Options
L.]
Product / Product Group Accounts Fee per Contract
Equity Options with Group ID assigned in Annex B of the Eurex
Contract Specifications
A EUR 0.17
DE11, DE12,-DE43; DE14 P EUR 0.10
M EUR 0.10
AT11, AT12, BE11, BE12, BE43-ES11, A EUR 0.14
ES12, £S43,-F111, Fl12, F43,-F114, FR11,
FR12, FR43-FR14, IE11, 1E12, IT11, 1712, P EUR 0.10
4743-NL11, NL12, NL43-NL14, SE12,
NO12, DK12 M EUR 0.10
A CHF 0.22
CH11, CH12, GH43,-CH14 P CHF 0.15
M CHF 0.15
[J
Interest Rate Derivatives
Options on Three-Month EURIBOR Futures, A EUR 0.25
One-Year, Two-Year, Three-Year and P EUR 0.20
Four-Year EURIBOR Mid-Curve Options
on Three-Month EURIBOR Futures M EUR 0.20
A EUR O25
Weekly Options on Euro Bund Futures R EUR 0.20
M EUR O20
[1
3.8 Assignment of Options
Ll
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2123123, 1:40 AM. Next Generation E | L Contracts: AMenaments to tne Clearing Gonaltions ana the Price List of Eurex Clearing AG

The amendments with regards to topic B. will become effective as of 24 April
2023.

C. Integration of Weekly Expiring Contracts on Product Level in Equity
Options, Fixed Income Options and Index Options

In accordance with Eurex Clearing Circular 006/23, the following provisions will
be amended as outlined in Attachment 3:

¢« Numbers 3.1, 3.2, 3.3, 3.7 and 3.8 of the Price List

The amendments with regards to topic C. will become effective as of 15 May
2023.

D. Fee waiver for the delivery resulting from Single Stock Futures
Contracts

Effective from 17 April 2023 until 31 October 2023, Eurex Clearing will
temporarily offer a fee waiver regarding the delivery fees in Single Stock
Futures, pursuant to Number 3.9 of the Price List as follows:

Standard
Product / Currency | Accounts] Fee per
Product group Contract
Equity Futures with Group A 0.00
ID ATO1, BEO1, BEO2,

DEO1, DE02, ES01, E802, P 0.00
F101, F102, FRO1, FRO2, EUR

1E01, 102, 1T01, 102,

NLO#, NLO2 assigned in

Annex A of the Eurex TM 0.00
Contract Specifications

Equity Futures with Group A 0.00
ID CHO1, CHO02 assigned

in Annex A of the Eurex CHF P 900
Contract Specifications M 0.00

As of 1 November 2023, the delivery from futures fee will apply according to
Number 3.9 of the Price List.

E. Fee waiver for the transaction fees in MSCI Futures for the usage of the
calendar spread instrument between Daily and Quarterly Futures

Effective from 24 April 2023 until 31 October 2023, Eurex Clearing will offer a
fee waiver regarding the transaction fees in MSCI Futures, if traded via the
calendar spread instrument between a Daily and a Quarterly Future. The fee
waiver affects Number 3.1 of the Price List. The temporarily transaction fees
per leg will be as follows:

Product/ Execution Standard Fee

Product group Currency Type Accounts ber Contract
A 0.00
MSCI Futures, if traded via Order book P 0.00
the calendar spread In product Mi 0.00
instrument between a Daily | currency [Eg @ A 0.15
and a Quarterly Future Lures P 0
EnLight Mi 015

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2123123, 1:40 AM. Next Generation E | L Contracts: AMenaments to tne Clearing Gonaltions ana the Price List of Eurex Clearing AG

The amendments for topic D. will be effective from 17 April 2023 until 31
October 2023.

The amendments for topic E. will be effective from 24 April 2023 until 31
October 2023.

2. Required action

Technical releases to support Next Generation ETD Product Initiatives (as
mentioned below) were rolled out on 27 June 2022, as communicated in
previous circulars of Eurex and Eurex Clearing AG (“Eurex Clearing”). Further
checkpoints were presented in the course of 2022. As of 27 March 2023, all
market participants are required to be able to handle sub-monthly expiring
contracts.

3. Details

A. Clarification of the provisions on the Clearing of Index Futures and
Index Options in the Clearing Conditions

In 2012, the Executive Board of Eurex Clearing decided to clarify the procedure
for determination of the final settlement prices for STOXX® equity index
derivatives.

In its circular 056/12, Eurex Clearing outlined the methodology of the final
settlement price determination in case of trading interruptions in one or more
components of the EURO STOXX 50® index. With integration of the weekly and
month-end options (OES1/2/4, OMSX) into the main EURO STOXx 50® index
options (OESX) this rule shall be applied for all expirations in EURO STOXX 50®
index derivates as well as STOXX® index derivatives which include EURO STOXX
50° index components.

To reflect this decision in the legal framework of Eurex Clearing, the following
provisions will be amended as outlined in the Attachment 1:

@ Chapter II Part 2 Number 2.4.2 and Part 3 Number 3.4.3 of the Clearing
Conditions

The amendments with regards to topic A. will become effective on 27 March
2023.

B. Market-on-Close Futures T+X (Basis Trading in MSCI Index Futures)

In accordance with Eurex Clearing Circular 006/23, the following provisions will
be amended as outlined in Attachment 1 and Attachment 2:

¢ Chapter II Part 2 Numbers 2.1.2 and 2.4.2 of the Clearing Conditions
@ Number 3.1 of the Price List

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Price List of Eurex Clearing AG

Eurex08e
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Page 3

(1

L..

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Price List of Eurex Clearing AG

Eurex08e
As of 15.05.2023

Page 3
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)
Le]
A 0.25 043 5,000
‘Order-book Pp 0.20 040 5,000
M 0.20 Aa i
A 0.25 043 5,000
Weekly Options-on- EuroBund | py.) Eurex Pp 0.20 0.40 5.000
Futures Entight =
M 0.20 Pre Ae
A 0.25 0.43 5,000
TES PR 0.20 040 5,000
M 0.20 Beas =
L-1
[Le]
3.2 Rebates
Ll
3.2.1 Rebates for the Liquidity Provisioning
Ll
3.2.1.1 Rebates for the Liquidity Provisioning in Options
(1) The rebate levels for the provisioning of liquidity per execution type and product
group on the basis of the building block methodology of the LPA are as follows:
[Ll
b. Equity Options with Group ID ending in “11”, “12”,“43” or “14” as
assigned in Annex B of the Eurex Contract Specifications:
|
Ll
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

[.

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

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