Attachment 1 to Eurex Clearing Circular 061/23

3. Details of the initiative

A. Product overview

Please refer to the table below for the overview of the new products.

Name Underlying ISIN Currency Eurex Product Product Contract Tick Size
of Index Future ID ISIN Group
Option on FTSE (Options on
Bitcoin Index |DE000A3D7xXB3} EUR | OBTE | DEOOOASEV4A3 cnt 1 1
Future (EUR)
Futures
Option on FTSE (Options on
Bitcoin Index |DE000a3D7xA5| usd | osTu | DEoooAsEvaei | CPI 1 1
Future (USD) Index
Futures

C. Product group

Please refer to the table below for the product group of the new products.

a Product Regulatory Settlement Product Product Product Capacity
group status type type segmet currency name
Options on FTSE | Options on |Not approved] Derivative | OFIX Index EUR [Cash EUR
Bitcoin Index Futures| Crypto _| for trading in
(EUR) Index the US.
Futures
Options on FTSE | Options on [Not approved] Derivative | OFIX Index USD [Cash USD
Bitcoin Index Futures| Crypto _| for trading in
(USD) Index the US.
Futures



Eurex08e

Price List of Eurex Clearing AG As of 23.10.2023

Page 1

AMENDMENTS ARE MARKED AS FOLLOWS:
INSERTIONS ARE UNDERLINED;

DELETIONS ARE CROSSED OUT

L.]
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
[J
Standard Reduced
Fee per Fee per Thres-
Contract Contract hold
(contract (contract (number
Product / Execution volume $ volume > of con-
Product Group Currency Type Accounts | threshold) | threshold) _ tracts)
Lo]
Crypto Index Derivatives
Crypto Index Futures
LJ
A 1.20 na. na.
Order book P 1.00 na. na,
M 1.00 na. na.
FTSE Bitooin Index Fut 7 A 1.80 na. na,
itcoin Index Futures urex
(denominated in USD) usd EnLight P 150 ne ne
M 1.50 na. na,
A 1.80 na. na,
TES P 1.50 na. na.
M 1.50 na. na.
Crypto Index Options
A 1.20 na na.
Order book PB 1.00 na na.
M 1.00 na na.
Options on FTSE Bitcoin A
Index Futures (denominated | EUR PB
in EUR M
A na na.
TES P 1.50 na na.
M 1.50 na. na.

502-23 (100)_h
Public



Eurex04e
Clearing Conditions of Eurex Clearing AG

As of 23.10.2023

Page 1

Chapter II

AMENDMENTS ARE MARKED AS FOLLOWS:
INSERTIONS ARE UNDERLINED;

DELETIONS ARE CROSSED OUT

L-]

Part 2 Clearing of Futures Contracts
[J

2.30 Clearing of Crypto Index Futures Contracts
[J

2.30.2 Final Settlement Price

The final settlement price of the Crypto Index Futures Contracts will be determined by
Eurex Clearing AG at the final settlement day (pursuant to Number 1.31.4 of the Eurex
Contract Specifications) of a contract.

For Futures Contracts on FTSE Crypto Indices, the index value at 5 p.m. (CE(S)T) of the
respective index on the last trading day applies.For FTSE Biteoin index (EUR) Futures

ID: FBTU) the hk Iculated FTSE Bitcoin Index at 5-p.m+CE(S)T)-on the last trad

day applies.

¥

[J
Part 3 Clearing of Options Contracts

The following provisions shall apply to the clearing of Eurex Transactions that are options
contract transactions specified in Part 2 of the Eurex Contract Specifications (‘Options
Contracts’).

[.]

3.13.6 Futures Contract Position

a]

503-23 (100)_h
Public


Chapter II of the Clearing Conditions of Eurex Clearing AG

Transactions Concluded at
Eurex Deutschland

(Eurex Exchange)

As of 23.10.2023

503-23 (100)_h
Public


Eurex04e

Clearing Conditions of Eurex Clearing AG

As of 23.10.2023
Page 3

Chapter II

3.14.5

(4) With respect to an Exchange Participant to which the exercise of a put option is
assigned, Eurex Clearing AG shall open a corresponding long position in the
underlying Futures contract with the stipulated exercise price.

(5) With respect to an Exchange Participant of the Eurex Exchange which are no
Clearing Members, Chapter | Part 1 Number 1.2.2 (1) (b) applies.

Futures Contract Position

L.]

(1) Unless otherwise provided below, the provisions of Part 2 Numbers 2.30 and 2.1.4
shall apply for the futures position opened in accordance with Number 3.14.4

(2) The provisions of Number 1.2 and 2.1.2 on the determination of STM Variation
Margin for the day at which the Futures Contract position is opened shall not apply.
Instead, the determination shall be based on the difference between the exercise
price of the exercised and assigned option and the daily settlement price of the
underlying Futures Contract on the exercise day. Such difference shall be settled in
cash by a credit or debit to the internal cash account pursuant to Chapter | Part 1
Number 4.3 of the Clearing Member.

503-23 (100)_h
Public


27 Sep 2023
Eurex Clearing

Derivatives on
Cryptocurrencies:
Introduction of Options on
FTSE Bitcoin Index Futures in
USD and EUR

Eurex Clearing Circular 061/23 Derivatives on Cryptocurrencies:
Introduction of Options on FTSE Bitcoin Index Futures in USD and EUR

1. Introduction

Effective 23 October 2023, Eurex Clearing AG will offer clearing services for
Options contracts on FTSE Bitcoin Index Futures in EUR and USD introduced at
Eurex Deutschland.

In this context, the following measures will apply effective 23 October 2023:

@ Amendments to the Clearing Conditions of Eurex Clearing AG (Clearing
Conditions) regarding the introduction of Options contracts on FTSE
Bitcoin Index Futures in EUR and USD.

@ Amendments to the Price List of Eurex Clearing AG (Price List) regarding
the introduction of Options contracts on FTSE Bitcoin Index Futures in
EUR and USD.

Please refer to Eurex circular 079/23 for detailed trading-related information,
including fee classification and the related amendments to the Rules and
Regulations of Eurex Deutschland.

Simulation start: 4 October 2023

Production start: 23 October 2023


Eurex08e

Price List of Eurex Clearing AG As of 23.10.2023

Page 3

Maximum Fee for
Product / Product Group Account | Fee per Contract | Contracts on the
same underlying

ic

A USD 1.20
FTSE Bitcoin Index Futures
P : a.
(denominated in USD) USD 1.00 na
M USD 1.00
A EUR 1.20
Options on FTSE Bitcoin Index Futures
Options on FTSE Bitcoin Index Futures P EUR 1.00 na
(denominated in EUR) ———
M EUR
A USD 1.20
Options on FTSE Bitcoin Index Futures
ce) tions on FTSE Bitcoin Index Futures Pp USD 1.00 na.
(denominated in USD)
M USD 1.00

502-23 (100)_h
Public


Price List of Eurex Clearing AG

Eurex08e

As of 23.10.2023

Page 2

Standard Reduced
Fee per Fee per Thres-
Contract Contract hold
(contract (contract (number
Product / Execution volume S volume > of con-
Product Group Currency Type Accounts | threshold) | threshold) _ tracts)
A 4.20 na na.
Order book PB 4.00
M 1.00
Options on FTSE Bitcoin E A
urex
Index Futures (denominated SD EnLight PB
in USD) ama M
A
TES Pp na. na.
M na. na.
L-]
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

Lal

Crypto Index Derivatives

L.]

3.4 Cash Settlement

A USD 2.40

FTSE Bitcoin Index Futures (denominated in USD) P USD 2.00
M USD 2.00
A EUR 2.40

Options on FTSE Bitcoin Index Futures

(denominated in EUR’ P EUR 2.00
M EUR 2.00
A USD 2.40

Options on FTSE Bitcoin Index Futures

denominated in USD) P USD 2.00
M USD 2.00

(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
L1
Crypto Index Derivatives

502-23 (100)_h
Public



. . Eurex04e
Clearing Conditions of Eurex Clearing AG
As of 23.10.2023

Page 2
Chapter II
3.14 Clearing of Options Contracts on Crypto Index Futures Contracts

The following provisions shall apply to the Clearing of Options Contracts on Crypto Index
Futures Contracts specified in Number 2.14 of the Eurex Contract Specifications. The
definitions as set out in Number 2.14 of the Eurex Contract Specifications shall apply.

3.14.1 General Regulations

The Clearing of Options Contracts on Crypto Index Futures Contracts is subject to the
following rules up to the assignment of the exercised option pursuant to the requirements
applicable for the Clearing of Options Contracts, in line with the opening of the futures
position pursuant to the requirements for the Clearing of Futures Contracts.

3.14.2 Option Premium

(1)_The balance of the option premiums (net premium) to be paid by the Clearing
Member or Eurex Clearing AG, as applicable, during the duration of the option
position pursuant to Number 2.14.4 of the Eurex Contract Specifications shall be
STM Variation Margin. Part 2 Number 2.1.2 (1) shall apply mutatis mutandis.

(2) Part 3 Number 3.1 (7) shall apply on the balance of the final option premiums (net
premium) to be paid by the Clearing Member or Eurex Clearing AG, as applicable,
upon exercise of the option or expiration of the option position, as applicable,
pursuant to Number 2.14.4 of the Eurex Contract Specifications.

3.14.3 Margin Requirements prior to Exercise

(1)_The following applies in addition to the relevant basic provisions on margin
requirements set out in Chapter I.

(2) For all options series the Additional Margin shall apply.

3.14.4 Procedure for Exercise of Options

(1)_ With respect to an Exchange Participant that exercises a call option, Eurex
Clearing AG shall, subsequent to the post-trading period on the exercise day of the
respective option, open a corresponding long position in the underlying Futures
contract with the stipulated exercise price.

(2) With respect to an Exchange Participant to which the exercise of a call option is
assigned, Eurex Clearing AG shall open a corresponding short position in the
underlying Futures contract with the stipulated exercise price.

(3) With respect to an Exchange Participant that exercises a put option, Eurex
Clearing AG shall, subsequent to the post-trading period on the exercise day of such
option, open a corresponding short position in the underlying Futures contract with
the stipulated exercise price.

503-23 (100)_h
Public


, Attachment 1 to Eurex Clearing Circular 061/23
4, Attachment 2 to Eurex Clearing Circular 061/23

_, Attachment 3 to Eurex Clearing Circular 061/23

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

Disclaimer Privacy notice Imprint Eurex Clearing Rules & Regulations Sitemap


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. Regarding 3. Details, A. Product overview, C. Product group: Tables
2. Amended Sections of the Clearing Conditions of Eurex Clearing AG
3. 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, 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 079/23
Web: www.eurex.com/ec-en/
Authorized by: Jens Janka

Further information


2. Required action

There is no action required for participation.

3. Details of the initiative

A. Product overview

Please refer to table in Attachment 1 for the overview of the new products.
B. Contract specifications

For the detailed contract specifications, please refer to Eurex circular 079/23.
C. Product group

Please refer to the table in Attachment 1 for the product group of the new
products.

D. Transaction fees

The transaction and maintenance fees for the new products can be retrieved
from the updated sections of the Price List, as outlined in Attachment 3.

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 AG

To reflect this decision in the legal framework of Eurex Clearing AG, the
following provisions will be amended as outlined in Attachment 2 and 3:

@ Chapter II Part 2 Number 2.30.2 and 3.14 of the Clearing Conditions of
Eurex Clearing AG
@ Numbers 3.1, 3.3, 3.4 of the Price List of Eurex Clearing AG

As of the effective date, the full versions 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