Eurex04e

Clearing Conditions of Eurex Clearing AG

As of 02.05.2023
Page 1

Part 1

IEE GIADA SISSIES ASIII IAI IIS II IAI

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

FEES SEIS SSSA IIS IAI IASI IIT TI II AA

General Provisions

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Clearing Licenses

Prerequisites for Clearing Licenses

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(2) The applicant shall meet the following additional requirements:

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(fg) In case that a Clearing Member is involved in the clearing of instruments which
are traded on the Eurex Exchange during the times specified in Annex C of the
Eurex Contract Specifications, the Clearing Member which procures the
clearing of Eurex Transactions in these products is required to ensure the
availability of a contact for the fulfilment of clearing obligations during the
respective trading hours. If Eurex Clearing AG offers clearing services on a
Business Day which is not a trading day of the Eurex Exchange, availability
must be ensured during the regular business hours on this Business Day.

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Eurex08e
Price List of Eurex Clearing AG As of 02.05.2023

Page 2

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
Led

Interest Rate Derivatives

A EUR 0.50
2-year, 5-year, 10-yearand-30-year Eure-Swap
E R EUR 0.40
M EURO49

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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

[J
Interest Rate Derivatives

A EUR 0.25
2-year, 5-year 10-yearand 30-year

PR EUR 0.20 nha
Euro Swap Futures

M EUR 0.20
Ll

[..]
creereesercererecads
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Eurex04e
As of 02.05.2023

ions of Eurex Clearing AG

Page 3

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Eurex04e
As of 02.05.2023

Clearing Conditions of Eurex Clearing AG

Page 2

Part 2 Clearing of Futures Contracts
[J

21 General Provisions

2.1.2 Daily Settlement Price
[.J
(4) Reference times

The scheduled reference times for the determination of the daily settlement prices
for the respective Futures Contracts (each a “Reference Time”) are set out in the

table below:
Contract Reference Time
(CE(S)T)
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Interest Rate Swap Futures-Contracts, 4746
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[]
2.20 [Deleted]Clearing of Interest Rate Swap Fut Contract

to Number-4.49.2 of the-E: Contract ificati i rf d- directly

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Eurex08e

Price List of Eurex Clearing AG As of 02.05.2023

Page 1

Price List of Eurex Clearing AG

AMENDMENTS ARE MARKED AS FOLLOWS:
INSERTIONS ARE UNDERLINED;

DELETIONS ARE CROSSED OUT

3 Transaction Fees for Derivatives Transactions (Order Book Transactions and
Off-Book Transactions on the Eurex Exchange)

[1

3.1 Matching / Registration of Derivatives Transactions
[1
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)

[1

Interest Rate Futures
[1

A 0.25 Aa lice

Order book PR 0.20 nea nea

M 0.20 Rea Ara

A 0.35 nea nea

2-year, 5-year, 10-yearand EUR Eurex Pp 0.30 Roe a
30-year Euro Swap Futures Encight M 0.30 ma a
A 0:35 Aa liceaal

TES PR 0.30 Ree Ara

M 0.30 nea nea

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419123, 2:4 PM Interest Kate Swap Futures: Liscontinuation ot clearing services for interest Kate Swap Futures

05 Apr 2023
Eurex Clearing

Interest Rate Swap Futures:
Discontinuation of clearing services for
Interest Rate Swap Futures

Eurex Clearing Circular 022/23 Interest Rate Swap Futures:
Discontinuation of clearing services for Interest Rate Swap Futures

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 to the following topic:

¢ Discontinuation of clearing services for Interest Rate Swap Futures

The amendments will become effective as of 2 May 2023.
2. Required action

There is no required action for the participants.

3. Details

Trading of Interest Rate Swap Futures was suspended by Eurex Deutschland
effective 27 January 2023. The Management Board of Eurex Deutschland took
recently the decision to cancel the admission to trading for Interest Rate Swap
Futures with effect from 2 May 2023. Eurex Clearing AG therefore will
discontinue the clearing services for Interest Rate Swap Futures.

Please refer to Eurex Circular 027/23 for detailed trading-related information
and the amendments of the relevant rules and regulations of Eurex
Deutschland.

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

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Eurex04e
As of 02.05.2023

Clearing Conditions of Eurex Clearing AG

Page 4

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Chapter II of the Clearing Conditions of Eurex Clearing AG

Transactions Concluded at
Eurex Deutschland

(Eurex Exchange)

As of 02.05.2023

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419123, 2:4 PM Interest Kate Swap Futures: Liscontinuation ot clearing services for interest Kate Swap Futures

Contact: client.services@eurex.com
Web: www.eurex.com/ec-en/
Authorized Jens Janka

by:

Further information

, Attachment 1 to Eurex Clearing Circular 022/23

=, Attachment 2 to Eurex Clearing Circular 022/23

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

Disclaimer Privacy notice Imprint Eurex Clearing Rules & Regulations Sitemap
Cookie Settings

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419123, 2:4 PM Interest Kate Swap Futures: Liscontinuation ot clearing services for interest Kate Swap Futures

¢ Chapter II Part 2 Numbers 1.1.2, 2.1.2 and 2.20 of the Clearing
Conditions
@ Number 3.1, 3.3 and 3.4 of the Price List

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
 2-Amended sections of the Price List of Eurex Clearing AG

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

Target Front Office/Trading, Middle + Backoffice, IT/System
groups: Administration, Auditing/Security Coordination
Related Eurex Circular 027/23

circular:

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