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Price List of Eurex Clearing AG

As of 01.01.2023
Page 1

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3.2

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3.2.2

3.2.2.1

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AMENDMENTS ARE MARKED AS FOLLOWS:
INSERTIONS ARE UNDERLINED

DELETIONS ARE CROSSED OUT

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

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Rebates

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Volume Rebates

General Provisions

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(7) When determining the Eligible Volume, no volume is considered:
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The foregoing clause 3.2.2.1 (7) b) shall not apply to volumes taken up by any other
Clearing Member (where applicable, in relation to one of its DC Market Participants
or Indirect Client Market Participants) (each a “Take-Up Member’)-from—Mareh
2049 te 34 December 2022, if

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12/122, 9:18 AM Extension of ennanced volume rebate metnodology: Amenaments to the Price List of Eurex Clearing AG

07 Dec 2022
Eurex Clearing

Extension of enhanced volume rebate
methodology: Amendments to the Price
List of Eurex Clearing AG

Eurex Clearing Circular 091/22 Extension of enhanced volume rebate
methodology: Amendments to the Price List of Eurex Clearing AG

1. Introduction

This circular contains information with respect to the service offering of Eurex
Clearing AG (Eurex Clearing) and introduces amendments to the Price List of
Eurex Clearing AG (Price List) regarding the following topic:

Unlimited extension of enhanced volume rebate methodology

The amendments will become effective as of 1 January 2023.
2. Required action

There is no required action for the participants.

3. Details

Eurex Clearing AG has decided to extend the enhanced volume rebate
methodology which was introduced in March 2019 for an unlimited period.

The enhanced volume rebate methodology consists of a consideration of take-
up volumes for the purposes of the volume rebate calculation for Eurex
transactions if:

@ the Clearing Member, ISA Direct Clearing Member or Disclosed Direct
Client that initiates the give-up of a transaction is incorporated in the EU
and is an affiliated company to the respective take-up Clearing Member,
ISA Direct Clearing Member or Disclosed Direct Client, and

¢ the take-up Clearing Member, ISA Direct Clearing Member or Disclosed
Direct Client is not eligible to directly execute transactions via its own P-

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12/122, 9:18 AM Extension of ennanced volume rebate metnodology: Amenaments to the Price List of Eurex Clearing AG

Accounts or M-accounts.

For processing reasons, the take-up needs to be accepted on the same day the
transaction has been executed, in order to be considered for the volume
rebate calculation.

To reflect the changes, the following provision will be amended as outlined in
the Attachment:

¢@ Number 3.2.2.1 of the Price List of Eurex Clearing AG

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 & Regs > Eurex Clearing Rules & Regulations > 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:
@ Amended sections of the 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, IT/System
groups: Administration

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12/122, 9:18 AM

Contact: client.services@eurex.com
Related Eurex Clearing circular 014/19 and 106/20
circulars:
Web: www.eurex.com/ec-en/
Authorized Matthias Graulich
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Further information

, Attachment to Eurex Clearing circular 091/22

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

Disclaimer Privacy notice Imprint Eurex Clearing Rules & Regulations Sitemap

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Extension of ennanced volume rebate metnodology: Amenamenis to the Price List of turex Clearing AG