Eurex Clearing AG 

Mergenthalerallee 61 

65760 Eschborn 

Mailing address: 

60485 Frankfurt/Main 

Germany

Internet: 

www.eurexclearing.com

Chairman of the 

Supervisory Board: 

Jeffrey Tessler 

Executive Board: 

Erik Tim Müller (CEO), 

Heike Eckert (Deputy CEO), 

Matthias Graulich, 

Thomas Laux, 

Manfred Matusza

Aktiengesellschaft mit

Sitz in Frankfurt/Main 

HRB Nr. 44828 

USt-IdNr. DE194821553 

Amtsgericht

Frankfurt/Main

Xetra EnLight: New clearing fees as of 28 May 2019 

Eurex Clearing Circular 047/19 

With T7 Release 7.1, the price request functionality Xetra EnLight for onexchange off-book trading will be launched for cash equity products. 

Clearing of executed orders resulting from Xetra EnLight will start on 

28 May 2019. 

Transaction fees for clearing of these orders will be charged according to 

the existing price structure and level for clearing of T7 Entry Service 

("TES") orders and OTC transactions, regulated in chapters 6.1.2 and 

8.2.1 of the Price List of Eurex Clearing AG. 

As of the effective day, the full version of the amended Price List will be 

available on the Eurex Clearing AG website under the following link: 

Resources > Rules and Regulations > Price list

The changes and 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 within the first ten (10) 

Business Days after publication. Any ordinary right of Eurex Clearing AG 

to terminate the respective contract (including a Clearing Agreement, if 

applicable) shall remain unaffected. 

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 of Eurex Clearing AG. 

Attachment: 

· Amended sections of the Price List of Eurex Clearing AG - valid as of 

28 May 2019 

Date: 13 May 2019 

Recipients: 

All Clearing Members, Basic Clearing 

Members, Disclosed Direct Clients of 

Eurex Clearing AG and vendors 

Authorized by: Matthias Graulich 

Target group: 

· All departments 

Contact: 

client.services@eurexclearing.com
Price List of Eurex Clearing AG 

Eurex08e 

As of 28.05.2019 

Page 1 

 

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AMENDMENTS ARE MARKED AS FOLLOWS: 

INSERTIONS ARE UNDERLINED 

DELETIONS ARE CROSSED OUT 

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[...] 

6 Transaction Fees of the Frankfurt Stock Exchange 

(Frankfurter Wertpapierbörse, FWB) 

[...] 

6.1 Clearing Fees 

[...] 

6.1.1 Xetra Order Book Transactions in Shares and Other Non-Fixed Income Securities 

With regard to the clearing of FWB Transactions which are marked with the Market 

Identifier Code “XETR” in the electronic Clearing system of Eurex Clearing AG and which 

are not accomplished off-book by means of the TES order functionality for off-book 

trading and which are accordingly marked with the Market Identifier Code “XETR” in the 

electronic Clearing system of Eurex Clearing AG (“Xetra Order Book Transactions”), in 

shares and other non-fixed income securities, fixed and value-based fees according to 

the following charts shall be paid. 

Fixed Clearing Fee for Xetra Order Book Transactions in Shares and Other NonFixed Income Securities denominated in EUR 

Number of executed orders / versions 

(monthly per trading participant and Clearing 

Member) 

Fixed Fee per 

executed order / 

version 1 ... 

... equates rebate on 

fixed clearing fee 

0 – 50,000 EUR 0.03 0 % 

50,001 – 100,000 EUR 0.025 16 2/3 % 

100,001 – 200,000 EUR 0.02 33 1/3 % 

200,001 – 400,000 EUR 0.015 50 % 

400,001 – 750,000 EUR 0.01 66 2/3 % 

750,001 – 1,500,000 EUR 0.005 83 1/3 % 

> 1,500,000 EUR 0.00 100 % 

 

1 For FWB transactions concluded by the Xetra BEST facility and booked in the A-Account of an Order Flow Provider or the 

E-Account of BEST Executors, the fixed clearing fee does not apply. 
Price List of Eurex Clearing AG 

Eurex08e 

As of 28.05.2019 

Page 2 

 

[...] 

6.1.2 Off-Book Transactions and Xetra OTC Transactions in Shares and Other Non-Fixed 

Income Securities 

With regard to the clearing of FWB Transactions, which are accomplished by means of 

the TES order functionality T7 Entry Service (“TES”) for On-Exchange off-book Off-Book 

Trading trading , or the price request functionality Xetra EnLight for On-Exchange OffBook Trading, and of OTC Transactions which, in each case, are marked with the Market 

Identifier Code “XETR” in the electronic Clearing system of Eurex Clearing AG (“OffBook Transactions” or “ Xetra OTC Ttransactions”), in shares and other non-fixed 

income securities, fixed and value-based fees according to the following charts shall be 

paid. The fixed fee per executed order / version or per entry is limited insofar as a 

maximal value is assumed per executed order / version or per entry. 

[...] 

6.1.3 Börse Frankfurt Ttransactions in Shares and Other Non-Fixed Income Securities 

For the clearing of FWB Transactions (orders) and of OTC Transactions (entries) fees 

according to the following charts shall be paid, which are accordingly marked with the 

Market Identifier Code “XFRA” in the electronic Clearing system of Eurex Clearing AG 

(“Börse Frankfurt Transactions”). fees according to the following charts shall be paid. 

The value-based fee per executed order / version or per entry is limited insofar as a 

maximal value is assumed per executed order / version or entry. 

[...] 

[...] 

8 Service Fees Eurex Clearing, Eurex Deutschland, Frankfurt Stock Exchange (FWB), 

Repo Transactions and Securities Lending Transactions 

[...] 

[...] 

8.2 Special Service Fees Frankfurter Wertpapierbörse 

8.2.1 Service Fees for Provision of Gross Delivery Management 

[...] 
Price List of Eurex Clearing AG 

Eurex08e 

As of 28.05.2019 

Page 3 

 

8.2.1.1 Gross Delivery Management without Netting Agreement (“Full Service”) for 

Transactions in Shares and Other Non-Fixed Income Securities 

For FWB Transactions the basis for the calculation of the provision fee “Full Service” 

shall be per executed order, trading day, and – if assigned – version number. The 

calculation is therefore independent of the number of executions of the respective order 

and any different execution prices. The calculation basis for the clearing fees for FWB 

Transactions is referred to as “executed order / version” in this section. 

For FWB Transactions which are accomplished by means of the TES order functionality 

for off-book trading and for OTC Ttransactions, the clearing fees are calculated per entry. 

The value-based fee per executed order / version or per entry is limited insofar as a 

maximal value is assumed per executed order or entry. 

Provision Fees “Full Service” for transactions in shares and other non-fixed Income 

securities held in collective safe custody (CSC) and in non-collective safe custody (NCSC) 

Transactions Fixed Fee 

per Executed Order / 

Version respectively 

Entry 2

Value-Based Fee Maximal Value for 

value-based Fee 

Calculation 

CSC NCSC CSC NCSC 

Denominated in AUD AUD 0.12 AUD 0.24 0.0003 % 0.0006 % AUD 700,000.00 

Denominated in CAD CAD 0.12 CAD 0.24 0.0003 % 0.0006 % CAD 700,000.00 

Denominated in CHF CHF 0.12 CHF 0.24 0.0003 % 0.0006 % CHF 700,000.00 

Denominated in CNY CNY 0.60 CNY 1.20 0.0003 % 0.0006 % CNY 4,000,000.00 

Denominated in EUR EUR 0.09 EUR 0.18 0.0003 % 0.0006 % EUR 500,000.00 

Denominated in GBP GBP 0.08 GBP 0.16 0.0003 % 0.0006 % GBP 450,000.00 

Denominated in JPY JPY 10.0 JPY 20.0 0.0003 % 0.0006 % JPY 55,000,000.00 

Denominated in SEK SEK 0.84 SEK 1.68 0.0003 % 0.0006 % SEK 4,500,000.00 

Denominated in USD USD 0.12 USD 0.24 0.0003 % 0.0006 % USD 700,000.00 

8.2.1.2 Gross Delivery Management with Netting Agreement (“Extended Net Service”) for 

Transactions in Shares and Other Non-Fixed Income Securities 

The value-based provision fee shall be charged on basis of the claims of a Business Day 

summarized by security classes to netting units and pursuant to Chapter V Number 2.5 of 

the Clearing Conditions. 

 

2 For FWB Transactions concluded by the Xetra BEST facility and booked in the A-Account of an Order Flow Provider or the 

E-Account of a BEST Executors, the fixed fee does not apply. 
Price List of Eurex Clearing AG 

Eurex08e 

As of 28.05.2019 

Page 4 

 

When calculating this fee, a netting of the claims shall also be assumed if, in spite of 

the netting agreement, it had not been carried out pursuant to Chapter V Number 2.5.3 

Paragraph (3) of the Clearing Conditions. 

Provision Fee “Extended Net Service” for Transactions in Shares and Other Non-Fixed 

Income Securities held in collective safe custody (CSC) and in non-collective safe 

custody (NCSC) 

Transactions Value-based Fee per Netting Unit 

CSC NCSC 

Xetra and Börse FrankfurtFWB and OTC 0.0006 % 0.0012 % 

For FWB Transactions and OTC Ttransactions regarding Xetra and Börse Frankfurt, the 

following shall apply: If the provision fee “Extended Net Service” for one netting unit 

exceeds the fee which would have come about without same-day netting of the claims 

summarized in such netting unit pursuant to Number 8.2.1.1 (“Full Service”), the lower 

provision fee “Full Service” shall be charged. 

[...] 

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