Chapter II of the Clearing Conditions of Eurex Clearing AG

Transactions Concluded at
Eurex Deutschland

(Eurex Exchange)

As of 13.11.2023

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Public


_, Attachment to Eurex Clearing Circular 066/23

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Eurex04e
As of 13.11.2023

Clearing Conditions of Eurex Clearing AG

Page 1

AMENDMENTS ARE MARKED AS FOLLOWS:
INSERTIONS ARE UNDERLINED;

DELETIONS ARE CROSED OUT

Part 3 Clearing of Options Contracts

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3.4 Clearing of Index Options Contracts
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3.4.3 Final Settlement Price
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(12) With respect to the Euro STOXX 50® Index EoD Options Contracts (OEXP), and
DAX® Index EoD Options Contracts (ODAP), the value of the index is based on the
closing auction prices calculated by means of the respective electronic trading
system for the securities and book-entry securities contained in the index.

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Public


13 Oct 2023
Eurex Clearing

Equity Index Derivatives:
Introduction of DAX® Index
End-of-Day Options

Eurex Clearing Circular 066/23 Equity Index Derivatives: Introduction of
DAX® Index End-of-Day Options

1. Introduction

Effective 13 November 2023, Eurex Clearing AG (Eurex Clearing) will offer
clearing services for DAX® Index End-of-Day Options Contracts introduced at
Eurex Deutschland.

In this context, the following measures will apply effective 13 November 2023:

@ Amendments to the Clearing Conditions of Eurex Clearing AG (Clearing
Conditions) regarding the introduction of DAX® Index End-of-Day
Options Contracts.

Please refer to Eurex Circular 085/23 for detailed trading-related information,
including fee classification and the related amendments to the Rules and
Regulations of Eurex Deutschland.

Production start: 13 November 2023
2. Required action

The new products will be traded and cleared identically to existing equity index
derivatives, hence there is no action required for participation.

3. Details of the initiative
A. Product overview

Please refer to the table below for the overview of the new product:


Name of product Underlying Currency Eurex ID Product IS.
ISIN

DAX® Index DE0008469008 EUR ODAP DEOOOA3EW
EoD Options

B. Contract specifications
For the detailed contract specifications, please refer to Eurex circular 085/23.
C. Product group

Please refer to the table below for the product group of the new product:

Product Product Regulatory Settlement Product Product
group status type type segment

DAX® E/I Not Cash OINX Index

Index Options approved

EoD in EUR for trading

Options in the U.S.

D. Transaction fees

The transaction fees for the new products can be retrieved from the updated
sections of the Price List of Eurex Clearing AG on the Eurex Clearing website
www.eurex.com/ec-en/ under the following link:

Rules & Regs > Eurex Clearing Rules & Regulations > 3. Price List
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

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

@ Chapter II Part 3 Number 3.4.3 of the Clearing Conditions

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

Rules & Regs > Eurex Clearing Rules and Regulations > 1. Clearing Conditions


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:

¢@ Amended sections of the Clearing Conditions of Eurex Clearing AG

Further information

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

Target groups: Front Office/Trading, Middle + Back Office, IT/System
Administration, Auditing/Security Coordination

Contact: client.services@eurex.com
Related circular: Eurex Circular 085/23
Web: www.eurex.com/ec-en/
Authorized by: Jens Janka

Further information