Eurex08e

Price List of Eurex Clearing AG As of 01.08.2017

Page 1

Preamble 5

Basic Principles.................................................................................................................................... 5

1. Fees for Clearing Licenses ............................................................................................. 5

2. [Cancelled]........................................................................................................................ 6

3. Transaction Fees for Derivatives Transactions (Order Book 

Transactions and Off-Book Transactions on the Eurex Exchanges)......................... 6

3.1 Matching / Registration of Derivatives Transactions ................................................... 7

3.2 Rebates ........................................................................................................................... 33

3.2.1 Market Making Rebates ................................................................................................... 33

3.2.1.1 Market Making Rebates for Products without Market Making in Option Strategies ........ 33

3.2.1.2 Market Making Rebates for Products with Market Making in Option Strategies ............. 35

3.2.2 Volume Rebates............................................................................................................... 36

3.2.2.1 General Provisions........................................................................................................... 36

3.2.2.2 Volume Rebates in Futures ............................................................................................. 38

3.2.2.3 Volume Rebates in Options ............................................................................................. 39

3.3 Position Closing Adjustments...................................................................................... 40

3.4 Cash Settlement............................................................................................................. 43

3.5 Determination of the Bonds / Swaps / Currency to be delivered 

(Notification)................................................................................................................... 46

3.6 Allocation of the Bonds / Swaps / currency to be delivered (Allocation) ................ 47

3.7 Exercise of Options ....................................................................................................... 47

3.8 Assignment of Options ................................................................................................. 51

3.9 Delivery resulting from Futures.................................................................................... 51

3.10 Position Transfer with Cash Transfer.......................................................................... 52

3.11 Physical Delivery resulting from Derivatives Positions and 

Combination Transactions Option-Share.................................................................... 52

Clearing Fees................................................................................................................... 52

3.11.1.1 Physical Delivery from Derivatives Positions................................................................... 52
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3.11.1.2 Physical Delivery from Combination Transactions Option-Share.................................... 53

Fees for Delivery Management........................................................................................ 53

Settlement Fees ............................................................................................................... 54

3.12 Fees for the Market Integrity Process.......................................................................... 54

3.13 Self-Match Prevention ................................................................................................... 54

3.14 Maintenance Fees .......................................................................................................... 55

3.15 Average Price Processing............................................................................................. 55

4. Transaction Fees of Eurex Bonds GmbH.................................................................... 56

4.1 Transaction Fees of Transactions regarding Danish Securities with 

Settlement in the Home Market Denmark (“Homemarket-Transactions”) ............... 56

5. Transaction Fees of Eurex Repo GmbH ...................................................................... 57

6. Transaction Fees of the Frankfurt Stock Exchange (Frankfurter 

Wertpapierbörse, FWB)................................................................................................. 57

6.1 Clearing Fees.................................................................................................................. 58

Xetra transactions in Shares and Other Non-Fixed Income Securities ........................... 58

Börse Frankfurt transactions in Shares and Other Non-Fixed Income 

Securities ......................................................................................................................... 59

6.2 Fees for Delivery Management..................................................................................... 60

7. Transaction Fees Irish Stock Exchange (ISE)............................................................. 61

8. Service Fees Eurex Deutschland and Eurex Zürich, Eurex Bonds 

GmbH, Eurex Repo GmbH, Frankfurt Stock Exchange (FWB) and 

Securities Lending Transactions ................................................................................. 61

8.1 Special Service Fees Eurex Deutschland and Eurex Zürich ..................................... 61

Service Fees for Provision of Gross Delivery Management (without Netting 

Agreement) for Combination Transactions Option-Share ............................................... 61

8.2 Special Service Fees Frankfurter Wertpapierbörse ................................................... 62

Service Fees for Provision of Gross Delivery Management ............................................ 62

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

in Shares and Other Non-Fixed Income Securities ......................................................... 62
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8.2.1.2 Gross Delivery Management with Netting Agreement (“Extended Net Service”) for 

Transactions in Shares and Other Non-Fixed Income Securities.................................... 63

Service Fees for FWB Trading Participants not authorized to Clearing .......................... 64

Service Fees for Master Data Management .................................................................... 64

8.3 General Service Fees..................................................................................................... 64

Service Fees for Gross Delivery Management ................................................................ 64

Service Fees for Provision of Data via Online Requests ................................................. 65

Service Fees for Marking and Recording of Blocked Transactions................................. 65

Service Fees for Provision of Reports ............................................................................. 66

Service Fees for Master Data Management .................................................................... 66

9. Service Fees for Collaterals, Default Fund Contributions and Funds 

provided for the Fulfilment of Own Funds or equivalent Regulatory 

Capital Requirements .................................................................................................... 67

9.1 Service Fees for Eligible Margin Assets in the Form of Cash................................... 67

9.2 Service Fees for Eligible Margin Assets in the Form of Securities .......................... 67

9.3 Service Fees for intra-day Exchange of Eligible Margin Assets............................... 68

9.4 Service Fees for Default Fund Contributions ............................................................. 68

9.5 Service Fees for Funds provided for the Fulfilment of Own Funds or 

equivalent Regulatory Capital Requirements ............................................................. 69

10. Transaction Fees for OTC Interest Rate Derivative Transactions ............................ 69

10.1 Clearing Fees.................................................................................................................. 69

10.2 Standard Pricing Model................................................................................................. 70

Booking Fee per OTC Interest Rate Derivative Transaction ........................................... 70

Booking Fee per OTC Interest Rate Derivative Transaction for Trade 

Transfer............................................................................................................................ 71

Booking Fee per OTC Interest Rate Derivative Transaction for Backloading ................. 71

Rebate scheme on the OTC Interest Rate Derivative Booking Fee for 

Registered Customers ..................................................................................................... 72

Maintenance Fee ............................................................................................................. 73

Rebate scheme on the Maintenance Fee for Registered Customers.............................. 73
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10.3 High Turnover Pricing Model for IRS, OIS and FRA of Registered 

Customers ...................................................................................................................... 74

Booking Fee..................................................................................................................... 74

Booking Fee for Trade Transfer....................................................................................... 75

Booking Fee for Backloading ........................................................................................... 75

Maintenance Fee ............................................................................................................. 75

10.4 Rebate Scheme for Clearing Members’ Own Accounts............................................. 76

10.5 Fees for Post Trade Events........................................................................................... 77

Trade Netting Fees .......................................................................................................... 77

Multilateral Compression ................................................................................................. 78

11. Clearing Fees and Service Fees for Securities Lending Transactions .................... 78

11.1 Clearing Fees.................................................................................................................. 78

Booking Fees ................................................................................................................... 78

Maintenance Fees ........................................................................................................... 78

11.2 Service Fees ................................................................................................................... 79

Collateral Management Servicing Fees........................................................................... 79

Service Fees for Dispute Resolution Procedure.............................................................. 79

12. Due Dates........................................................................................................................ 79

13. Applicable Law and Place of Jurisdiction................................................................... 80

14. Amendments and Supplements ................................................................................... 81
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Preamble

On the basis of the Clearing Agreements concluded with the Clearing Members, NonClearing Members and Registered Customers, and the respective current version of the 

Clearing Conditions of Eurex Clearing AG (hereinafter referred to as “Clearing 

Conditions”), the Price List of Eurex Clearing AG (“Price List”) sets forth the fees 

individually assessed by Eurex Clearing AG (“ECAG”) for the matters set forth below and 

provided for in aforementioned conditions.

Basic Principles

The German version of the Price List in effect at the respective time is an integral part of 

the Clearing Conditions. Capitalised terms used, but not defined in this Price List shall 

have the meaning ascribed to them in the Clearing Conditions. However, any reference 

to a Clearing Member in this Price List shall also include Basic Clearing Members if not 

explicitly stated otherwise.

1. Fees for Clearing Licenses

(1) Pursuant to the provisions of Chapter I Part 1 Number 5.1 of the Clearing 

Conditions, ECAG shall charge its Clearing Members:

a) for the granting of a clearing license and thus admission as a Clearing 

Member, a single admission fee in the amount of EUR 50,000, regardless of 

how many clearing licenses have already been granted to the respective 

Clearing Member;

b) for one or more clearing licenses collectively an annual fee in the amount of 

EUR 25,000.

(2) For the granting of Direct Clearing Licenses or Basic Clearing Member Licences 

which entitle the respective Clearing Member to participate in the clearing of 

transactions concluded on Eurex Bonds GmbH (Chapter III Number 1.1 of the 

Clearing Conditions) or on Eurex Repo GmbH (Chapter IV Number 1.1 of the 

Clearing Conditions), ECAG shall not charge its Clearing Members a single 

admission fee in accordance with Number 1 Paragraph 1 letter a) above nor an 

annual fee in accordance with Number 1 Paragraph 1 letter b) above until this 

clause is revoked in writing.

(3) For the granting of General Clearing Licenses, Direct Clearing Licenses or Basic 

Clearing Member Licences which entitle the respective Clearing Member to 

participate in the clearing of Securities Lending Transactions (Chapter IX Number 

1.1.1 and 1.1.2 of the Clearing Conditions), ECAG shall not charge its Clearing 

Members a single admission fee in accordance with Number 1 Paragraph 1 letter a) 

above, until this clause is revoked in writing. For such Clearing Licenses an annual 

fee in accordance with Number 1 Paragraph 1 letter b) above shall not be charged by 

ECAG as long as the respective Clearing Member does not hold any other Clearing 

License for which the annual fee is applicable, until this clause is revoked in writing.
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(4) For the granting of Specific Lender Licenses pursuant to Chapter IX Number 1.1.3 of 

the Clearing Conditions, ECAG shall not charge its Clearing Members a single 

admission fee in accordance with Number 1 Paragraph 1 letter a) above nor an 

annual fee in accordance with Number 1 Paragraph 1 letter b) above until this clause 

is revoked in writing.

(5) For the granting of Specific Repo Licenses pursuant to Chapter IV Part 3 Number 3.1 

of the Clearing Conditions, ECAG shall not charge its Clearing Members a single 

admission fee in accordance with Number 1 Paragraph 1 letter a) above nor an 

annual fee in accordance with Number 1 Paragraph 1 letter b) above until this clause 

is revoked in writing.

2. [Cancelled]

3. Transaction Fees for Derivatives Transactions (Order Book 

Transactions and Off-Book Transactions on the Eurex Exchanges)

ECAG charges fees for transactions pursuant to Chapter I Part 1 Number 5.1 of the 

Clearing Conditions.

These fees comprise transactions with regard to the matching / registration, 

administration and regulation of order book and off-book transactions on Eurex 

Deutschland and Eurex Zürich (collectively the Eurex Exchanges).

Provided that the transaction fees in this Price List are shown on different Position 

Accounts with regard to the accounting of the underlying transactions, such 

differentiation relates to the Position Accounts (“Accounts”) defined in Number 5 of the 

Conditions for Trading at Eurex Deutschland and Eurex Zürich (Eurex Trading 

Conditions).

Where M-Accounts are used for regular proprietary trading activities, Clearing Members, 

Non-Clearing Members and Registered Customers may register in certain products or 

product segments defined by ECAG to be charged P-Account fees for all transactions on 

their M-Accounts. In this case, Market Making rebates in these products or product 

segments are not applicable even if Market Maker obligations are fulfilled. Otherwise, the 

regulations concerning the Accounts shall remain unaffected.

In general, transaction fees for FX Derivatives (FX-Futures, FX-Options and FX Rolling 

Spot Futures) are charged in USD. Alternatively, ECAG offers Clearing Members, NonClearing Members and Registered Customers the possibility to choose the alternative 

fee currency for FX Derivatives with quote currency CHF and GBP. With explicit 

registration for the alternative fee currency, which equals the quote currency of the 

respective FX Derivative, this currency applies to all fees defined in this section with 

regard to the selected FX Derivative.

Each of the transaction fees to be paid on a monthly basis is shown separately to the 

Clearing Members with regard to their respective Non-Clearing Members and Registered 

Customers, whose transactions they clear.
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3.1 Matching / Registration of Derivatives Transactions

(1) For transactions executed via the order book on the Eurex Exchanges or transactions 

executed off-book and entered via the Eurex T7 Entry Service (TES), a standard fee 

per contract applies as listed in the following tables. The Standard Fee is subject to 

the execution type (order book transactions on the Eurex Exchanges or off-book

transactions via TES) and to the Account.

(2) The transaction fee is charged with respect to the Account on which the transaction is 

correctly booked. A transaction is considered to be correctly booked on the Account 

on which the transaction turns into a position. The transaction fee is charged to the 

account of the Clearing Member that clears the transaction on behalf of the Clearing 

Member, Non-Clearing Member or Registered Customer, on whose Account the 

transaction turns into a position.

(3) For some products and Accounts specified in the table below, a reduced fee is 

applied on the contract volume of a transaction that exceeds the defined threshold. 

(4) No transaction fees apply in connection with order book transactions pursuant to 

Number 3.1, if all such transactions were revoked pursuant to Number 2.8 of the 

Eurex Trading Conditions. The same applies for off-book transactions, if all such 

transactions were revoked pursuant to Number 4.8 of the Eurex Trading Conditions.

(5) For security transactions in shares resulting from Combination Transactions OptionShare, transaction fees pursuant to Number 3.11 in connection with Number 8.1.1 

shall be charged.

Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

Equity Derivatives

Equity Futures with Group ID assigned in Annex A of the Eurex Contract Specifications

AT01, BE01, DE01, ES01, 

ES02, FI01, FR01, IE01, IT01, 

NL01, NO01, PL01, PT01, 

SE01

EUR

Order book

A 0.10 0.00 3,000

P 0.10 0.00 2,000

M 0.10 0.00 2,000

Off-book

A 0.15 0.00 3,000

P 0.15 0.00 2,000

M 0.15 0.00 2,000

BR01, CA01, CA02, RU01, 

US01, US02

USD

Order book

A 0.15 0.00 3,000

P 0.15 0.00 2,000

M 0.15 0.00 2,000

Off-book

A 0.23 0.00 3,000

P 0.23 0.00 2,000

M 0.23 0.00 2,000

CH01 CHF Order book A 0.15 0.00 3,000
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Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

P 0.15 0.00 2,000

M 0.15 0.00 2,000

Off-book

A 0.23 0.00 3,000

P 0.23 0.00 2,000

M 0.23 0.00 2,000

GB01 GBP

Order book

A 0.08 0.00 3,000

P 0.08 0.00 2,000

M 0.08 0.00 2,000

Off-book

A 0.12 0.00 3,000

P 0.12 0.00 2,000

M 0.12 0.00 2,000

Equity Options/LEPOs with Group ID assigned in Annex B of the Eurex Contract Specifications

DE11, DE12, DE13, DE14 EUR

Order book

A 0.15 0.08 1,000

P 0.10 0.05 500

M 0.10 n. a. n. a.

Off-book

A 0.15 0.08 1,000

P 0.10 0.05 500

M 0.10 n. a. n. a.

AT11, AT12, BE11, BE12, 

BE13, ES11, ES12, ES13, 

FI11, FI12, FI13, FI14, FR11, 

FR12, FR13, FR14, IE11,

IE12, IT11, IT12, IT13, NL11, 

NL12, NL13, NL14, SE11,

SE12, US11

EUR

Order book

A 0.10 0.05 1,000

P 0.10 0.05 500

M 0.10 n. a. n. a.

Off-book

A 0.10 0.05 1,000

P 0.10 0.05 500

M 0.10 n. a. n. a.

CH11, CH12, CH13, CH14 CHF

Order book

A 0.20 0.10 1,000

P 0.15 0.08 500

M 0.15 n. a. n. a.

Off-book

A 0.20 0.10 1,000

P 0.15 0.08 500

M 0.15 n. a. n. a.

GB11, GB12 GBP

Order book

A 0.15 0.08 1,000

P 0.15 0.08 500

M 0.15 n. a. n. a.

Off-book

A 0.15 0.08 1,000

P 0.15 0.08 500

M 0.15 n. a. n. a.

RU11, RU12 USD Order book

A 0.15 0.08 1,000

P 0.15 0.08 500

M 0.15 n. a. n. a.
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Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

Off-book

A 0.15 0.08 1,000

P 0.15 0.08 500

M 0.15 n. a. n. a.

Equity Index Derivatives

Equity Index Futures

ATX® Futures EUR

Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.45 n. a. n. a.

P 0.45 n. a. n. a.

M 0.45 n. a. n. a.

ATX®five Futures EUR

Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.45 n. a. n. a.

P 0.45 n. a. n. a.

M 0.45 n. a. n. a.

CECE® EUR Futures EUR

Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.45 n. a. n. a.

P 0.45 n. a. n. a.

M 0.45 n. a. n. a.

DAX® Futures EUR

Order book

A 0.60 n. a. n. a.

P 0.50 n. a. n. a.

M 0.50 n. a. n. a.

Off-book

A 0.75 n. a. n. a.

P 0.75 n. a. n. a.

M 0.75 n. a. n. a.

DivDAX® Futures EUR

Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.45 n. a. n. a.

P 0.45 n. a. n. a.

M 0.45 n. a. n. a.

MDAX® Futures EUR Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.
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Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

Off-book

A 0.45 n. a. n. a.

P 0.45 n. a. n. a.

M 0.45 n. a. n. a.

Mini-DAX® Futures EUR

Order book

A 0.25 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

A 0.35 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

TecDAX® Futures EUR

Order book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Eurex Daily Futures Contracts 

on KOSPI 200 Options

The fees for transactions in Eurex Daily Futures Contracts on KOSPI 200 Options are defined 

as a percentage of the premium per contract, i.e. the following percentage times the traded 

price times the contract value of 250,000 South Korean Won (KRW).

KRW

Order book

A 0.04% n. a. n. a.

P 0.04% n. a. n. a.

M 0.04% n. a. n. a.

Off-book

A 0.04% n. a. n. a.

P 0.04% n. a. n. a.

M 0.04% n. a. n. a.

Eurex Daily Futures Contracts 

on Mini KOSPI 200 Futures

The fees for transactions in Eurex Daily Futures Contracts on Mini KOSPI 200 Futures are 

defined as a percentage of the contract value per contract, i.e. the following percentage times 

the traded price times the contract value of 50,000 South Korean Won (KRW).

KRW

Order book

A 0.0003% n. a. n. a.

P 0.0003% n. a. n. a.

M 0.0003% n. a. n. a.

Off-book

A 0.0003% n. a. n. a.

P 0.0003% n. a. n. a.

M 0.0003% n. a. n. a.

Eurex Daily Futures Contracts

on TAIEX Futures

TWD

Order book

A 28.00 n. a. n. a.

P 28.00 n. a. n. a.

M 28.00 n. a. n. a.

Off-book

A 38.00 n. a. n. a.

P 38.00 n. a. n. a.

M 38.00 n. a. n. a.
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Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

Eurex Daily Futures Contracts

on TAIEX Options

TWD

Order book

A 10.00 n. a. n. a.

P 10.00 n. a. n. a.

M 10.00 n. a. n. a.

Off-book

A 14.00 n. a. n. a.

P 14.00 n. a. n. a.

M 14.00 n. a. n. a.

EURO STOXX 50®Index 

Futures

(denominated in EUR)

EUR

Order book

A 0.35 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.50 n. a. n. a.

P 0.45 n. a. n. a.

M 0.45 n. a. n. a.

STOXX® Europe 50 Index 

Futures

EUR

Order book

A 0.35 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.50 n. a. n. a.

P 0.45 n. a. n. a.

M 0.45 n. a. n. a.

EURO STOXX® Banks Futures EUR

Order book

A 0.30 n. a. n. a.

P 0.25 n. a. n. a.

M 0.25 n. a. n. a.

Off-book

A 0.45 n. a. n. a.

P 0.40 n. a. n. a.

M 0.40 n. a. n. a.

STOXX® Europe 600 Banks 

Futures

EUR

Order book

A 0.30 n. a. n. a.

P 0.25 n. a. n. a.

M 0.25 n. a. n. a.

Off-book

A 0.45 n. a. n. a.

P 0.40 n. a. n. a.

M 0.40 n. a. n. a.

Futures on other STOXX® and 

iSTOXX®Indices

(denominated in EUR)

EUR

Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.45 n. a. n. a.

P 0.45 n. a. n. a.

M 0.45 n. a. n. a.

Futures on STOXX®Indices 

(denominated in USD) 

USD Order book A 0.60 n. a. n. a.

P 0.50 n. a. n. a.
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Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

M 0.50 n. a. n. a.

Off-book

A 0.90 n. a. n. a.

P 0.75 n. a. n. a.

M 0.75 n. a. n. a.

MSCI Futures

(denominated in EUR)

EUR

Order book

A 0.50 n. a. n. a.

P 0.50 n. a. n. a.

M 0.50 n. a. n. a.

Off-book

A 0.75 n. a. n. a.

P 0.75 n. a. n. a.

M 0.75 n. a. n. a.

MSCI Futures

(denominated in GBP)

GBP

Order book

A 0.50 n. a. n. a.

P 0.50 n. a. n. a.

M 0.50 n. a. n. a.

Off-book

A 0.75 n. a. n. a.

P 0.75 n. a. n. a.

M 0.75 n. a. n. a.

MSCI Futures

(denominated in USD)

USD

Order book

A 0.50 n. a. n. a.

P 0.50 n. a. n. a.

M 0.50 n. a. n. a.

Off-book

A 0.75 n. a. n. a.

P 0.75 n. a. n. a.

M 0.75 n. a. n. a.

OMXH25 Futures EUR

Order book

A 0.50 n. a. n. a.

P 0.50 n. a. n. a.

M 0.50 n. a. n. a.

Off-book

A 0.75 n. a. n. a.

P 0.75 n. a. n. a.

M 0.75 n. a. n. a.

RDX® EUR Futures EUR

Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.45 n. a. n. a.

P 0.45 n. a. n. a.

M 0.45 n. a. n. a.

RDX® USD Futures USD

Order book

A 0.40 n. a. n. a.

P 0.40 n. a. n. a.

M 0.40 n. a. n. a.

Off-book A 0.60 n. a. n. a.
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Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

P 0.60 n. a. n. a.

M 0.60 n. a. n. a.

Sensex Futures USD

Order book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

SLI - Swiss Leader Index®

Futures CHF

Order book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

SMI® Futures CHF

Order book

A 0.50 n. a. n. a.

P 0.40 n. a. n. a.

M 0.40 n. a. n. a.

Off-book

A 0.60 n. a. n. a.

P 0.60 n. a. n. a.

M 0.60 n. a. n. a.

SMIM® Futures CHF

Order book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

TA-35 Futures USD

Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.45 n. a. n. a.

P 0.45 n. a. n. a.

M 0.45 n. a. n. a.

Equity Index Options

ATX® Options EUR

Order book

A 0.30 0.15 3,000

P 0.30 0.15 2,000

M 0.30 n. a. n. a.

Off-book A 0.30 0.15 3,000

P 0.30 0.15 2,000
Eurex08e

Price List of Eurex Clearing AG As of 03.07.2017

Page 14

Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

M 0.30 n. a. n. a.

ATX®five Options EUR

Order book

A 0.30 0.15 3,000 

P 0.30 0.15 2,000

M 0.30 n. a. n. a.

Off-book

A 0.30 0.15 3,000

P 0.30 0.15 2,000

M 0.30 n. a. n. a.

CECE® EUR Options EUR

Order book

A 0.30 0.15 3,000

P 0.30 0.15 2,000

M 0.30 n. a. n. a.

Off-book

A 0.30 0.15 3,000

P 0.30 0.15 2,000

M 0.30 n. a. n. a.

DAX® Options EUR

Order book

A 0.50 0.25 3,000

P 0.50 0.25 2,000

M 0.50 n. a. n. a.

Off-book

A 0.50 0.25 3,000

P 0.50 0.25 2,000

M 0.50 n. a. n. a.

DivDAX® Options EUR

Order book

A 0.75 0.38 3,000

P 0.75 0.38 2,000

M 0.75 n. a. n. a.

Off-book

A 0.75 0.38 3,000

P 0.75 0.38 2,000

M 0.75 n. a. n. a.

MDAX® Options EUR

Order book

A 0.30 0.15 3,000

P 0.30 0.15 2,000

M 0.30 n. a. n. a.

Off-book

A 0.30 0.15 3,000

P 0.30 0.15 2,000

M 0.30 n. a. n. a.

TecDAX® Options EUR

Order book

A 0.20 0.10 3,000

P 0.20 0.10 2,000

M 0.20 n. a. n. a.

Off-book

A 0.20 0.10 3,000

P 0.20 0.10 2,000

M 0.20 n. a. n. a.

EUR Order book A 0.50 0.25 3,000
Eurex08e

Price List of Eurex Clearing AG As of 03.07.2017

Page 15

Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

MSCI Options

(denominated in EUR)

P 0.50 0.25 2,000

M 0.50 n. a. n. a.

Off-book

A 0.50 0.25 3,000

P 0.50 0.25 2,000

M 0.50 n. a. n. a.

MSCI Options

(denominated in USD)

USD

Order book

A 0.50 0.25 3,000

P 0.50 0.25 2,000

M 0.50 n. a. n. a.

Off-book

A 0.50 0.25 3,000

P 0.50 0.25 2,000

M 0.50 n. a. n. a.

OMXH25 Options EUR

Order book

A 0.50 0.25 3,000

P 0.50 0.25 2,000

M 0.50 n. a. n. a.

Off-book

A 0.50 0.25 3,000

P 0.50 0.25 2,000

M 0.50 n. a. n. a.

EURO STOXX 50®Index 

Options

EUR

Order book

A 0.30 0.15 3,000

P 0.30

0.15 2,000

0.075 10,000

M 0.30 n. a. n. a.

Off-book

A 0.30 0.15 3,000

P 0.30

0.15 2,000

0.075 10,000

M 0.30 n. a. n. a.

Options on other STOXX®

Indices

EUR

Order book

A 0.30 0.15 3,000

P 0.30 0.15 2,000

M 0.30 n. a. n. a.

Off-book

A 0.30 0.15 3,000

P 0.30 0.15 2,000

M 0.30 n. a. n. a.

RDX® EUR Options EUR

Order book

A 0.30 0.15 1,000

P 0.30 0.15 1,000

M 0.30 n. a. n. a.

Off-book

A 0.30 0.15 1,000

P 0.30 0.15 1,000

M 0.30 n. a. n. a.
Eurex08e

Price List of Eurex Clearing AG As of 03.07.2017

Page 16

Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

RDX® USD Options USD

Order book

A 0.40 0.20 1,000

P 0.40 0.20 1,000

M 0.40 n. a. n. a.

Off-book

A 0.40 0.20 1,000

P 0.40 0.20 1,000

M 0.40 n. a. n. a.

Sensex Options USD

Order book

A 0.20 0.10 3,000

P 0.20 0.10 2,000

M 0.20 n. a. n. a.

Off-book

A 0.20 0.10 3,000

P 0.20 0.10 2,000

M 0.20 n. a. n. a.

SLI - Swiss Leader Index®

Options

CHF

Order book

A 0.40 0.20 3,000

P 0.40 0.20 2,000

M 0.40 n. a. n. a.

Off-book

A 0.40 0.20 3,000

P 0.40 0.20 2,000

M 0.40 n. a. n. a.

SMI® Options CHF

Order book

A 1.00 0.50 3,000

P 1.00 0.50 2,000

M 1.00 n. a. n. a.

Off-book

A 1.00 0.50 3,000

P 1.00 0.50 2,000

M 1.00 n. a. n. a.

SMIM® Options CHF

Order book

A 0.40 0.20 3,000

P 0.40 0.20 2,000

M 0.40 n. a. n. a.

Off-book

A 0.40 0.20 3,000

P 0.40 0.20 2,000

M 0.40 n. a. n. a.

Total Return Equity Index Derivatives

Total Return Equity Index Futures

Total Return Futures on 

STOXX®Indices

(denominated in EUR)

EUR

Order book

A 0.60 n. a. n. a.

P 0.60 n. a. n. a.

M 0.60 n. a. n. a.

Off-book

A 0.60 n. a. n. a.

P 0.60 n. a. n. a.

M 0.60 n. a. n. a.
Eurex08e

Price List of Eurex Clearing AG As of 03.07.2017

Page 17

Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

Index Dividend Derivatives

Index Dividend Futures

DAX® Price

Index Dividend Futures

EUR

Order book

A 2.00 n. a. n. a.

P 2.00 n. a. n. a.

M 2.00 n. a. n. a.

Off-book

A 3.00 n. a. n. a.

P 3.00 n. a. n. a.

M 3.00 n. a. n. a.

DivDAX®

Index Dividend Futures

EUR

Order book

A 2.00 n. a. n. a.

P 2.00 n. a. n. a.

M 2.00 n. a. n. a.

Off-book

A 3.00 n. a. n. a.

P 3.00 n. a. n. a.

M 3.00 n. a. n. a.

EURO STOXX 50®

Index Dividend Futures

EUR

Order book

A 1.20 n. a. n. a.

P 1.20 n. a. n. a.

M 1.20 n. a. n. a.

Off-book

A 1.80 n. a. n. a.

P 1.80 n. a. n. a.

M 1.80 n. a. n. a.

EURO STOXX® Sector

Index Dividend Futures

EUR

Order book

A 1.20 n. a. n. a.

P 1.20 n. a. n. a.

M 1.20 n. a. n. a.

Off-book

A 1.80 n. a. n. a.

P 1.80 n. a. n. a.

M 1.80 n. a. n. a.

EURO STOXX® Select 

Dividend 30

Index Dividend Futures

EUR

Order book

A 1.20 n. a. n. a.

P 1.20 n. a. n. a.

M 1.20 n. a. n. a.

Off-book

A 1.80 n. a. n. a.

P 1.80 n. a. n. a.

M 1.80 n. a. n. a.

SMI®

Index Dividend Futures

CHF

Order book

A 1.60 n. a. n. a.

P 1.60 n. a. n. a.

M 1.60 n. a. n. a.

Off-book

A 2.40 n. a. n. a.

P 2.40 n. a. n. a.

M 2.40 n. a. n. a.
Eurex08e

Price List of Eurex Clearing AG As of 03.07.2017

Page 18

Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

STOXX® Europe 600 Sector 

Index Dividend Futures

EUR

Order book

A 1.20 n. a. n. a.

P 1.20 n. a. n. a.

M 1.20 n. a. n. a.

Off-book

A 1.80 n. a. n. a.

P 1.80 n. a. n. a.

M 1.80 n. a. n. a.

Index Dividend Options

EURO STOXX 50®

Index Dividend Options

EUR

Order book

A 1.20 n. a. n. a.

P 1.20 n. a. n. a.

M 1.20 n. a. n. a.

Off-book

A 1.20 n. a. n. a.

P 1.20 n. a. n. a.

M 1.20 n. a. n. a.

Exchange-traded Index Funds Derivatives

ETF Futures

iShares ETF Futures

(denominated in CHF)

CHF

Order book

A 0.50 n. a. n. a.

P 0.50 n. a. n. a.

M 0.50 n. a. n. a.

Off-book

A 0.70 n. a. n. a.

P 0.70 n. a. n. a.

M 0.70 n. a. n. a.

iShares ETF Futures 

(denominated in EUR)

EUR

Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.40 n. a. n. a.

P 0.40 n. a. n. a.

M 0.40 n. a. n. a.

db x-trackers ETF Futures EUR

Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.40 n. a. n. a.

P 0.40 n. a. n. a.

M 0.40 n. a. n. a.

ETF Options

db x-trackers ETF Options EUR

Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book A 0.40 n. a. n. a.
Eurex08e

Price List of Eurex Clearing AG As of 03.07.2017

Page 19

Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

P 0.40 n. a. n. a.

M 0.40 n. a. n. a.

iShares ETF Options 

(denominated in CHF)

CHF

Order book

A 0.50 n. a. n. a.

P 0.50 n. a. n. a.

M 0.50 n. a. n. a.

Off-book

A 0.70 n. a. n. a.

P 0.70 n. a. n. a.

M 0.70 n. a. n. a.

iShares ETF Options 

(denominated in EUR)

EUR

Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.40 n. a. n. a.

P 0.40 n. a. n. a.

M 0.40 n. a. n. a.

iShares ETF Options 

(denominated in GBP)

GBP

Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.40 n. a. n. a.

P 0.40 n. a. n. a.

M 0.40 n. a. n. a.

iShares ETF Options 

(denominated in USD)

USD

Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.40 n. a. n. a.

P 0.40 n. a. n. a.

M 0.40 n. a. n. a.

Volatility Index Derivatives

Volatility Index Futures

EURO STOXX 50® Variance 

Futures

EUR

Order book

A 0.30 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

A 0.45 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

VSTOXX® Futures EUR

Order book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book A 0.30 n. a. n. a.
Eurex08e

Price List of Eurex Clearing AG As of 03.07.2017

Page 20

Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Volatility Index Options

VSTOXX® Options EUR

Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Options on VSTOXX® Futures EUR

Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Interest Rate Derivatives

Interest Rate Futures

EUR Secured Funding Futures EUR

Order book

A 0.40 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

A 0.60 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

2-year, 5-year, 10-year and 30-

year Euro Swap Futures

EUR

Order book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

CONF Futures CHF

Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.45 n. a. n. a.

P 0.45 n. a. n. a.

M 0.45 n. a. n. a.

Three-Month EURIBOR 

Futures

EUR Order book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.
Eurex08e

Price List of Eurex Clearing AG As of 03.07.2017

Page 21

Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

Off-book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Three-Month EURIBOR 

Futures – Strategies (White 

Pack)

EUR Order book

A 0.16 n. a. n. a.

P 0.16 n. a. n. a.

M 0.16 n. a. n. a.

Three-Month EURIBOR 

Futures – Strategies (Red

Pack)

EUR Order book

A 0.15 n. a. n. a.

P 0.15 n. a. n. a.

M 0.15 n. a. n. a.

Three-Month EURIBOR 

Futures – Strategies (Green

Pack)

EUR Order book

A 0.14 n. a. n. a.

P 0.14 n. a. n. a.

M 0.14 n. a. n. a.

Three-Month EURIBOR 

Futures – Strategies (Blue

Pack)

EUR Order book

A 0.04 n. a. n. a.

P 0.04 n. a. n. a.

M 0.04 n. a. n. a.

Three-Month EURIBOR 

Futures – Strategies (Gold

Pack)

EUR Order book

A 0.02 n. a. n. a.

P 0.02 n. a. n. a.

M 0.02 n. a. n. a.

Three-Month EURIBOR 

Futures – Strategies (2-Year 

Bundle)

EUR Order book

A 0.12 n. a. n. a.

P 0.12 n. a. n. a.

M 0.12 n. a. n. a.

Three-Month EURIBOR 

Futures – Strategies (3-Year 

Bundle)

EUR Order book

A 0.08 n. a. n. a.

P 0.08 n. a. n. a.

M 0.08 n. a. n. a.

Three-Month EURIBOR 

Futures – Strategies (4-Year 

Bundle)

EUR Order book

A 0.06 n. a. n. a.

P 0.06 n. a. n. a.

M 0.06 n. a. n. a.

Three-Month EURIBOR 

Futures – Strategies (5-Year 

Bundle)

EUR Order book

A 0.04 n. a. n. a.

P 0.04 n. a. n. a.

M 0.04 n. a. n. a.

EONIA Futures EUR

Order book

A 0.40 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

A 0.60 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Euro Buxl® Futures,

Euro Bund Futures,

EUR Order book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.
Eurex08e

Price List of Eurex Clearing AG As of 03.07.2017

Page 22

Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

Euro Bobl Futures, 

Euro Schatz Futures 

M 0.20 n. a. n. a.

Off-book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Euro-Bono-Futures EUR

Order book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Euro-BTP Futures,

Mid-Term-Euro-BTP Futures, 

Short-Term-Euro-BTP Futures

EUR

Order book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Euro-OAT Futures,

Mid-Term-Euro-OAT Futures

EUR

Order book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Interest Rate Options

Options on Three-Month 

EURIBOR Futures,

One-Year, Two-Year, ThreeYear and Four-Year EURIBOR 

Mid-Curve Options on ThreeMonth EURIBOR Futures

EUR

Order book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Options on Euro Bund Futures,

Options on Euro Bobl Futures,

Options on Euro Schatz 

Futures

EUR

Order book

A 0.20 0.10 4,000

P 0.20 0.10 4,000

M 0.20 n. a. n. a.

Off-book

A 0.20 0.10 4,000

P 0.20 0.10 4,000

M 0.20 n. a. n. a.

Options on Euro-OAT Futures EUR Order book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.
Eurex08e

Price List of Eurex Clearing AG As of 03.07.2017

Page 23

Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

Off-book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

LDX IRS Constant Maturity Derivatives

LDX IRS CM Futures

2-3 year LDX IRS Constant 

Maturity Futures

EUR

Order book

A 1.00 n. a. n. a.

P 1.00 n. a. n. a.

M 1.00 n. a. n. a.

Off-book

A 1.00 n. a. n. a.

P 1.00 n. a. n. a.

M 1.00 n. a. n. a.

4-8 year LDX IRS Constant 

Maturity Futures

EUR

Order book

A 0.50 n. a. n. a.

P 0.50 n. a. n. a.

M 0.50 n. a. n. a.

Off-book

A 0.50 n. a. n. a.

P 0.50 n. a. n. a.

M 0.50 n. a. n. a.

9-30 year LDX IRS Constant 

Maturity Futures 

EUR

Order book

A 0.25 n. a. n. a.

P 0.25 n. a. n. a.

M 0.25 n. a. n. a.

Off-book

A 0.25 n. a. n. a.

P 0.25 n. a. n. a.

M 0.25 n. a. n. a.

Property Index Derivatives

Property Index Futures

IPD® UK Annual All Industrial

Index Futures

GBP

Order book

A 8.00 n. a. n. a.

P 8.00 n. a. n. a.

M 8.00 n. a. n. a.

Off-book

A 12.00 n. a. n. a.

P 12.00 n. a. n. a.

M 12.00 n. a. n. a.

IPD® UK Annual All Office

Index Futures

GBP

Order book

A 8.00 n. a. n. a.

P 8.00 n. a. n. a.

M 8.00 n. a. n. a.

Off-book

A 12.00 n. a. n. a.

P 12.00 n. a. n. a.

M 12.00 n. a. n. a.

GBP Order book A 8.00 n. a. n. a.
Eurex08e

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Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

IPD® UK Annual All Property 

(Excluding Residential 

Specialist Funds)

Index Futures

P 8.00 n. a. n. a.

M 8.00 n. a. n. a.

Off-book

A 12.00 n. a. n. a.

P 12.00 n. a. n. a.

M 12.00 n. a. n. a.

IPD® UK Annual All Retail

Index Futures

GBP

Order book

A 8.00 n. a. n. a.

P 8.00 n. a. n. a.

M 8.00 n. a. n. a.

Off-book

A 12.00 n. a. n. a.

P 12.00 n. a. n. a.

M 12.00 n. a. n. a.

IPD® UK Quarterly City Office 

Index Futures Calendar Year 

Returns

GBP

Order book

A 8.00 n. a. n. a.

P 8.00 n. a. n. a.

M 8.00 n. a. n. a.

Off-book

A 12.00 n. a. n. a.

P 12.00 n. a. n. a.

M 12.00 n. a. n. a.

IPD® UK Quarterly Retail 

Warehouse Index Futures 

Calendar Year Returns

GBP

Order book

A 8.00 n. a. n. a.

P 8.00 n. a. n. a.

M 8.00 n. a. n. a.

Off-book

A 12.00 n. a. n. a.

P 12.00 n. a. n. a.

M 12.00 n. a. n. a.

IPD® UK Quarterly Shopping 

Centre Index Futures Calendar 

Year Returns

GBP

Order book

A 8.00 n. a. n. a.

P 8.00 n. a. n. a.

M 8.00 n. a. n. a.

Off-book

A 12.00 n. a. n. a.

P 12.00 n. a. n. a.

M 12.00 n. a. n. a.

IPD® UK Quarterly South 

Eastern Industrial Index 

Futures Calendar Year 

Returns

GBP

Order book

A 8.00 n. a. n. a.

P 8.00 n. a. n. a.

M 8.00 n. a. n. a.

Off-book

A 12.00 n. a. n. a.

P 12.00 n. a. n. a.

M 12.00 n. a. n. a.

IPD® UK Quarterly Westend & 

Midtown Office Index Futures 

Calendar Year Returns

GBP Order book

A 8.00 n. a. n. a.

P 8.00 n. a. n. a.

M 8.00 n. a. n. a.
Eurex08e

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Page 25

Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

Off-book

A 12.00 n. a. n. a.

P 12.00 n. a. n. a.

M 12.00 n. a. n. a.

IPD® UK Quarterly All Property 

Index Futures Calendar Year 

Returns

GBP

Order book

A 8.00 n. a. n. a.

P 8.00 n. a. n. a.

M 8.00 n. a. n. a.

Off-book

A 12.00 n. a. n. a.

P 12.00 n. a. n. a.

M 12.00 n. a. n. a.

IPD® UK Quarterly All Retail 

Index Futures Calendar Year 

Returns

GBP

Order book

A 8.00 n. a. n. a.

P 8.00 n. a. n. a.

M 8.00 n. a. n. a.

Off-book

A 12.00 n. a. n. a.

P 12.00 n. a. n. a.

M 12.00 n. a. n. a.

IPD® UK Quarterly All Office 

Index Futures Calendar Year 

Returns

GBP

Order book

A 8.00 n. a. n. a.

P 8.00 n. a. n. a.

M 8.00 n. a. n. a.

Off-book

A 12.00 n. a. n. a.

P 12.00 n. a. n. a.

M 12.00 n. a. n. a.

IPD® UK Quarterly All 

Industrial Index Futures 

Calendar Year Returns

GBP

Order book

A 8.00 n. a. n. a.

P 8.00 n. a. n. a.

M 8.00 n. a. n. a.

Off-book

A 12.00 n. a. n. a.

P 12.00 n. a. n. a.

M 12.00 n. a. n. a.

FX Derivatives

FX-Futures

FX-Futures and FX Rolling 

Spot Futures

USD

Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.45 n. a. n. a.

P 0.45 n. a. n. a.

M 0.45 n. a. n. a.

CHF Order book A 0.32 n. a. n. a.
Eurex08e

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Page 26

Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

FX-Futures and FX Rolling 

Spot Futures (alternative fee 

currency CHF):

Sterling-Swiss Franc Futures,

Euro-Swiss Franc Futures,

US-Dollar-Swiss Franc 

Futures,

Sterling-Swiss Franc Rolling 

Spot Futures,

Euro-Swiss Franc Rolling Spot 

Futures,

US-Dollar-Swiss Franc Rolling 

Spot Futures

P 0.32 n. a. n. a.

M 0.32 n. a. n. a.

Off-book

A 0.48 n. a. n. a.

P 0.48 n. a. n. a.

M 0.48 n. a. n. a.

FX-Futures and FX Rolling 

Spot Futures (alternative fee 

currency GBP):

Euro-Sterling Futures,

Euro-Sterling Rolling Spot

Futures

GBP

Order book

A 0.24 n. a. n. a.

P 0.24 n. a. n. a.

M 0.24 n. a. n. a.

Off-book

A 0.36 n. a. n. a.

P 0.36 n. a. n. a.

M 0.36 n. a. n. a.

FX-Options

FX-Options USD

Order book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

A 0.45 n. a. n. a.

P 0.45 n. a. n. a.

M 0.45 n. a. n. a.

FX-Options (alternative fee 

currency CHF):

Sterling-Swiss Franc Options,

Euro-Swiss Franc Options,

US Dollar-Swiss Franc Options

CHF

Order book

A 0.32 n. a. n. a.

P 0.32 n. a. n. a.

M 0.32 n. a. n. a.

Off-book

A 0.48 n. a. n. a.

P 0.48 n. a. n. a.

M 0.48 n. a. n. a.

FX-Options (alternative fee 

currency GBP):

Euro-Sterling Options

GBP

Order book

A 0.24 n. a. n. a.

P 0.24 n. a. n. a.

M 0.24 n. a. n. a.

Off-book

A 0.36 n. a. n. a.

P 0.36 n. a. n. a.

M 0.36 n. a. n. a.
Eurex08e

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Page 27

Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

Precious Metal Derivatives

Precious Metal Futures

Xetra-Gold®-Futures EUR

Order book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Precious Metal Options

Xetra-Gold®-Options EUR

Order book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Commodity Index Derivatives

Commodity Index Futures

Futures on Bloomberg Indices USD

Order book

A 1.00 n. a. n. a.

P 1.00 n. a. n. a.

M 1.00 n. a. n. a.

Off-book

A 1.50 n. a. n. a.

P 1.50 n. a. n. a.

M 1.50 n. a. n. a.

Commodity Index Options

Options on Bloomberg Indices USD

Order book

A 1.00 n. a. n. a.

P 1.00 n. a. n. a.

M 1.00 n. a. n. a.

Off-book

A 1.50 n. a. n. a.

P 1.50 n. a. n. a.

M 1.50 n. a. n. a.

Exchange-traded Commodities Derivatives

Exchange-traded Commodities Futures

ETFS Physical Gold Futures USD

Order book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.
Eurex08e

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Page 28

Product /

Product Group

Currency Execution

Type Accounts

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

ETFS WTI Crude Oil Futures USD

Order book

A 0.50 n. a. n. a.

P 0.50 n. a. n. a.

M 0.50 n. a. n. a.

Off-book

A 0.75 n. a. n. a.

P 0.75 n. a. n. a.

M 0.75 n. a. n. a.

Exchange-traded Commodities Options

ETFS Physical Gold Options USD

Order book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

ETFS WTI Crude Oil Options USD

Order book

A 0.50 n. a. n. a.

P 0.50 n. a. n. a.

M 0.50 n. a. n. a.

Off-book

A 0.50 n. a. n. a.

P 0.50 n. a. n. a.

M 0.50 n. a. n. a.

The fee classification for Equity Dividend Futures is carried out as follows:

The fee classification for an individual Equity Dividend Future shall be based on the relevant 

dividend amount for such Equity Dividend Future on the effective date and shall become effective 

on September 1 of each calendar year. The effective date is the last trading day in July of each 

calendar year. The fee classification shall be communicated via circulars on an annual basis and 

shall be valid until September 1 of the subsequent year.

Product / 

Product Group 

Currency Execution

Dividend of 

the underlying 

stock

Accounts

Standard 

Fee per 

Contract

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

Equity Dividend Futures with Group ID assigned in Annex D of the Eurex Contract Specifications

CH21 CHF Order book >= 1.00

A 1.60 n. a. n. a.

P 1.60 n. a. n. a.
Eurex08e

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Page 29

Product / 

Product Group 

Currency Execution

Dividend of 

the underlying 

stock

Accounts

Standard 

Fee per 

Contract

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

M 1.60 n. a. n. a.

0.75 – 0.99

A 1.30 n. a. n. a.

P 1.30 n. a. n. a.

M 1.30 n. a. n. a.

0.50 – 0.74

A 1.10 n. a. n. a.

P 1.10 n. a. n. a.

M 1.10 n. a. n. a.

0.25 – 0.49

A 0.80 n. a. n. a.

P 0.80 n. a. n. a.

M 0.80 n. a. n. a.

< 0.25

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

Off-book

>= 1.00

A 2.40 n. a. n. a.

P 2.40 n. a. n. a.

M 2.40 n. a. n. a.

0.75 – 0.99

A 1.95 n. a. n. a.

P 1.95 n. a. n. a.

M 1.95 n. a. n. a.

0.50 – 0.74

A 1.65 n. a. n. a.

P 1.65 n. a. n. a.

M 1.65 n. a. n. a.

0.25 – 0.49

A 1.20 n. a. n. a.

P 1.20 n. a. n. a.

M 1.20 n. a. n. a.

< 0.25

A 0.45 n. a. n. a.

P 0.45 n. a. n. a.

M 0.45 n. a. n. a.

BE21, DE21, 

ES21, FI21, 

FR21, GB23, 

IE21, NL21, IT21

EUR Order book

>= 1.00

A 1.20 n. a. n. a.

P 1.20 n. a. n. a.

M 1.20 n. a. n. a.

0.75 – 0.99

A 1.00 n. a. n. a.

P 1.00 n. a. n. a.

M 1.00 n. a. n. a.

0.50 – 0.74

A 0.80 n. a. n. a.

P 0.80 n. a. n. a.

M 0.80 n. a. n. a.

0.25 – 0.49 A 0.60 n. a. n. a.
Eurex08e

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Page 30

Product / 

Product Group 

Currency Execution

Dividend of 

the underlying 

stock

Accounts

Standard 

Fee per 

Contract

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

P 0.60 n. a. n. a.

M 0.60 n. a. n. a.

< 0.25

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

>= 1.00

A 1.80 n. a. n. a.

P 1.80 n. a. n. a.

M 1.80 n. a. n. a.

0.75 – 0.99

A 1.50 n. a. n. a.

P 1.50 n. a. n. a.

M 1.50 n. a. n. a.

0.50 – 0.74

A 1.20 n. a. n. a.

P 1.20 n. a. n. a.

M 1.20 n. a. n. a.

0.25 – 0.49

A 0.90 n. a. n. a.

P 0.90 n. a. n. a.

M 0.90 n. a. n. a.

< 0.25

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

GB21 GBP

Order book

>= 1.00

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

0.75 – 0.99

A 0.26 n. a. n. a.

P 0.26 n. a. n. a.

M 0.26 n. a. n. a.

0.50 – 0.74

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

0.25 – 0.49

A 0.10 n. a. n. a.

P 0.10 n. a. n. a.

M 0.10 n. a. n. a.

< 0.25

A 0.04 n. a. n. a.

P 0.04 n. a. n. a.

M 0.04 n. a. n. a.

Off-book >= 1.00

A 0.45 n. a. n. a.

P 0.45 n. a. n. a.

M 0.45 n. a. n. a.
Eurex08e

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Page 31

Product / 

Product Group 

Currency Execution

Dividend of 

the underlying 

stock

Accounts

Standard 

Fee per 

Contract

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

0.75 – 0.99

A 0.39 n. a. n. a.

P 0.39 n. a. n. a.

M 0.39 n. a. n. a.

0.50 – 0.74

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

0.25 – 0.49

A 0.15 n. a. n. a.

P 0.15 n. a. n. a.

M 0.15 n. a. n. a.

< 0.25

A 0.06 n. a. n. a.

P 0.06 n. a. n. a.

M 0.06 n. a. n. a.

GB22 USD

Order book

>= 1.00

A 1.20 n. a. n. a.

P 1.20 n. a. n. a.

M 1.20 n. a. n. a.

0.75 – 0.99

A 1.00 n. a. n. a.

P 1.00 n. a. n. a.

M 1.00 n. a. n. a.

0.50 – 0.74

A 0.80 n. a. n. a.

P 0.80 n. a. n. a.

M 0.80 n. a. n. a.

0.25 – 0.49

A 0.60 n. a. n. a.

P 0.60 n. a. n. a.

M 0.60 n. a. n. a.

< 0.25

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

>= 1.00

A 1.80 n. a. n. a.

P 1.80 n. a. n. a.

M 1.80 n. a. n. a.

0.75 – 0.99

A 1.50 n. a. n. a.

P 1.50 n. a. n. a.

M 1.50 n. a. n. a.

0.50 – 0.74

A 1.20 n. a. n. a.

P 1.20 n. a. n. a.

M 1.20 n. a. n. a.

0.25 – 0.49

A 0.90 n. a. n. a.

P 0.90 n. a. n. a.
Eurex08e

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Page 32

Product / 

Product Group 

Currency Execution

Dividend of 

the underlying 

stock

Accounts

Standard 

Fee per 

Contract

(contract 

volume ≤ 

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

(number of 

contracts)

M 0.90 n. a. n. a.

< 0.25

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.

US21, US22 USD

Order book

>= 1.00

A 1.20 n. a. n. a.

P 1.20 n. a. n. a.

M 1.20 n. a. n. a.

0.75 – 0.99

A 1.00 n. a. n. a.

P 1.00 n. a. n. a.

M 1.00 n. a. n. a.

0.50 – 0.74

A 0.80 n. a. n. a.

P 0.80 n. a. n. a.

M 0.80 n. a. n. a.

0.25 – 0.49

A 0.60 n. a. n. a.

P 0.60 n. a. n. a.

M 0.60 n. a. n. a.

< 0.25

A 0.20 n. a. n. a.

P 0.20 n. a. n. a.

M 0.20 n. a. n. a.

Off-book

>= 1.00

A 1.80 n. a. n. a.

P 1.80 n. a. n. a.

M 1.80 n. a. n. a.

0.75 – 0.99

A 1.50 n. a. n. a.

P 1.50 n. a. n. a.

M 1.50 n. a. n. a.

0.50 – 0.74

A 1.20 n. a. n. a.

P 1.20 n. a. n. a.

M 1.20 n. a. n. a.

0.25 – 0.49

A 0.90 n. a. n. a.

P 0.90 n. a. n. a.

M 0.90 n. a. n. a.

< 0.25

A 0.30 n. a. n. a.

P 0.30 n. a. n. a.

M 0.30 n. a. n. a.
Eurex08e

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Page 33

3.2 Rebates

(1) In addition to Number 3.1 Paragraph 3, ECAG may grant either rebates for market 

making activities in certain products (Market Making) pursuant to Number 3.2.1 or 

volume rebates for exceeding certain volume thresholds when conducting proprietary 

business pursuant to Number 3.2.2.

(2) ECAG may grant higher rebates as the below mentioned rebate levels for a definite 

period of time. Any deviation from this Number 3.2 is subject to prior publication 

through ECAG. The publication shall include the relevant applicable rebate level for 

the respective instrument, the time period where the rebate is applicable and, if any, 

further requirements to be met. For the avoidance of doubt, ECAG may withdraw 

rebate schemes granted pursuant to this Paragraph 2 on its own discretion.

3.2.1 Market Making Rebates

3.2.1.1 Market Making Rebates for Products without Market Making in Option Strategies

(1) Upon fulfilment of the published Market Maker obligations, rebates with regard to 

payable transaction fees pursuant to Numbers 3.1 and 3.7 shall be granted on a 

monthly basis for transactions correctly booked on M-Accounts. 

(2) Rebates pursuant to paragraph (1) shall not be granted for transactions:

a. Which are booked on M-position accounts and are afterwards transferred to Aor P-position accounts of the same Clearing Member, Non-Clearing Member or 

Registered Customer.

b. Which are taken up by any other Clearing Member, Non-Clearing Member or 

Registered Customer as far as not exempt in paragraph (3).

(3) Exempt from paragraph (2) are taken up transactions in products allocated to Options 

on Interest Rate Futures if these transactions have been taken up on the Clearing 

Member’s, Non-Clearing Member’s or Registered Customer’s P-position accounts 

and an equivalent position is subsequently transferred to the corresponding Mposition accounts.

(4) The rebate levels are as follows, however, taking into consideration Number 3.2.2 with 

regard to products with Market Making in Option Strategies:

Product / Product Group

RMM and PMM schemes AMM schemes

Order Book and 

Exercises

Off-Book entries

Order Book and 

Exercises

Off-Book entries

Equity Index Options

without Market Making in 

Option Strategies

55% 40% 80% 60%
Eurex08e

Price List of Eurex Clearing AG As of 03.07.2017

Page 34

Product /

Product Group

RMM Schemes PMM Schemes

Minimum 

Volume per 

Month

Order Book 

and 

Exercises

OTC entries

Minimum 

Volume per 

Month

Order Book 

and 

Exercises

OTC entries

Options on ThreeMonth EURIBOR 

Future

2,000 80% 80% n.a. 90% 90%

One-Year and TwoYear EURIBOR MidCurve Options on 

Three-Month 

EURIBOR Future

2,000 80% 80% n.a. 90% 90%

Three-Year and 

Four-Year EURIBOR 

Mid-Curve Options 

on Three-Month 

EURIBOR Future

500 85% 85% n.a. 95% 95%

For Alternative Contract Specifications (as defined in Number 3.2.1 of the Eurex Contract 

Specifications), market making rebates are not granted.

Equity Options with Group 

ID ending “11”, “12” or “13” 

as assigned in Annex B of 

the Eurex Contract 

Specifications

without Market Making in 

Option Strategies

55% 40% 80% 60%

Bloomberg Options 50% 50% n. a. n. a.

Eurex Daily Futures 

Contracts on KOSPI 200 

Options

50% 50% n. a. n. a.

Eurex Daily Futures 

Contracts on Mini KOSPI 

200 Futures

50 % 50 % n. a. n. a.

Daily Futures on TAIEX 

Options 

50% 50% n. a. n. a.

FX-Futures

FX-Options

50% 50% 50% 50%

Options on Exchange 

Traded Index Fund Shares

50% 50% 75% 75%

Xetra-Gold®-Options 50% n. a. n. a. n. a.
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3.2.1.2 Market Making Rebates for Products with Market Making in Option Strategies

(1) For products with Market Making in Option Strategies, rebates with regard to payable 

transaction fees pursuant to Numbers 3.1 and 3.7 shall be granted on a monthly 

basis for transactions correctly booked on M-Accounts upon fulfilment of the 

published Market Maker obligations. 

(2) Rebates pursuant to paragraph (1) shall not be granted for transactions:

a. Which are booked on M-position accounts and are afterwards transferred to Aor P-position accounts of the same Clearing Member, Non-Clearing Member or 

Registered Customer.

b. Which are taken up by any other Clearing Member, Non-Clearing Member or 

Registered Customer as far as not exempt in paragraph (3).

(3) Exempt from paragraph (2) are taken up transactions in products allocated to Options 

on Interest Rate Futures if these transactions have been taken up on the Clearing 

Member’s, Non-Clearing Member’s or Registered Customer’s P-position accounts 

and an equivalent position is subsequently transferred to the corresponding Mposition accounts.

(4) The rebate levels are as follows:

Product / Product Group

PMM schemes AMM schemes

Order Book and 

Exercises

Off-Book entries

Order Book and 

Exercises

Off-Book entries

Equity Index Options 

with Market Making in 

Option Strategies

45% 30% 70% 50%

Equity Options with Group 

ID ending “11”, “12” or “13” 

as assigned in Annex B of 

the Eurex Contract 

Specifications 

with Market Making in 

Option Strategies

45% 30% 70% 50%

Options on Euro-Bund,

Options on Euro-Bobl,

Options on Schatz-Future

with Market Making in 

Option Strategies

70% 60% 80% 75%

(5) For products with Market Making in Option Strategies, rebates with regard to payable 

transactionfees pursuant to Numbers 3.1.1, 3.1.2 and 3.7 shall be granted on a 

monthly basis for transactions correctly booked on M-positionsaccounts upon 

fulfilment of the published Market Making Obligations and additional fulfilment of the 

published Market Making Obligations in Option Strategies. Without fulfilment of the 
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published Market Making Obligations, the rebates for the published Market Making 

Obligations in Option Strategies do not apply. The rebate levels are as follows:

Product / Product Group

PMM schemes AMM schemes

Order Book and 

Exercises

Off-Book entries

Order Book and 

Exercises

Off-Book entries

Equity Index Options 

with Market Making in 

Option Strategies

10% 10% 10% 10%

Equity Options with Group 

ID ending “11”, “12” or “13” 

as assigned in Annex B of 

the Eurex Contract 

Specifications 

with Market Making in 

Option Strategies

10% 10% 10% 10%

Options on Euro-Bund,

Options on Euro-Bobl,

Options on Schatz-Future

with Market Making in 

Option Strategies

10% 10% 10% 10%

For Alternative Contract Specifications (as defined in Number 3.2.1 of the Eurex Contract 

Specifications), market making rebates are not granted.

3.2.2 Volume Rebates

3.2.2.1 General Provisions

(1) ECAG shall grant volume rebates on a monthly basis (i) on Eligible Transaction Fees 

pursuant to Number 3.2.2.1 Paragraph 2 if (ii) Eligible Volume pursuant to 

Paragraphs 3 to 7 in a specific product or product group in a given calendar month 

(iii) exceeds at least the Tier 1 thresholds as defined in Numbers 3.2.2.2 and 3.2.2.3

and (iv) all further requirements of this Section are met.

(2) Transaction fees, which originate from the matching or the registration of derivatives 

transactions pursuant to Number 3.1 regarding Eligible Volume (“Eligible

Transaction Fees”) are eligible for volume rebates.

(3) Market Making Eligible Volume considers all transactions per Eurex Member ID of a 

Clearing Member, Non-Clearing Member or Registered Customer, which have been 

correctly booked on P-Accounts. For the avoidance of doubt, transactions in 

Alternative Contract Specifications (as defined in Number 3.2.1 of the Eurex Contract 

Specifications) shall also qualify as Eligible Volume, if the aforementioned 

requirements are met.
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(4) Eligible Volume comprises the sum of all transactions with their respective volumes.

Only these volumes per transaction qualify as Eligible Volume, which do not exceed

the defined threshold for the Reduced Fee pursuant to Number 3.1. In addition, a 

portion of the volume of the transaction above the defined threshold for the Reduced 

Fee pursuant to Number 3.1 is considered that is equivalent to the ratio between the 

Reduced Fee and the Standard Fee. The calculation is based on the following 

formula.

Eligible Volume per transaction = Vol- + (Vol+ * PRed/PS)

Vol- describes the volume of a transaction up to the defined threshold for the 

Reduced Fee, Vol+ describes the volume of a transaction above the defined threshold

for the Reduced Fee, PRed describes the Reduced Fee and PS the Standard Fee in 

the meaning of Number 3.1.

If no threshold for the Reduced Fee pursuant to Number 3.1 is applicable, all volume 

for this transaction is considered as Eligible Volume.

(5) Volume from transactions pursuant to Number 3.1, which have been correctly booked 

on M-Accounts, shall be added to Eligible Volume pursuant to Paragraphs 3 and 4, if

the concerned Clearing Member, Non-Clearing Member or Registered Customer is 

not granted any rebates with respect to Market Making for this volume.

(6) When determining the Eligible Volume, no volume is considered:

a. Which is moved via transaction account transfer between P- or M-Accounts and 

A-Accounts of the same Clearing Member, Non-Clearing Member or Registered 

Customer; or

b. Which is given up to or taken up by any other Clearing Member, Non-Clearing 

Member or Registered Customer.

(7) Eligible Volume is accumulated per product or product group listed in Numbers 

3.2.2.2 and 3.2.2.3 within one calendar month. If this accumulated Eligible Volume 

exceeds the Tier 1 threshold defined in the aforementioned Numbers, volume rebates 

are granted pursuant to the following methodology:

- Eligible Transaction Fees, which originate from accumulated Eligible Volume up to

the Tier 1 threshold, are not rebated. 

- Eligible Transaction Fees, which originate from accumulated Eligible Volume 

between thresholds of two consecutive Tiers, are rebated with the respective 

rebate levels defined in Numbers 3.2.2.2 and 3.2.2.3 for the lower of the two Tiers.

- Eligible Transaction Fees, which originate from accumulated Eligible Volume 

above the highest Tier, are rebated with the rebate levels defined for the highest 

Tier.
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(8) If transactions are booked on P- or M-Accounts by Clearing Members, Non-Clearing 

Members or Registered Customers, but do not fulfil the prerequisites for a booking 

into these Accounts as specified in Number 5 of the Eurex Trading Conditions or do 

not meet the requirements laid down in Number 3.2 Paragraph 1 and Number 3.2.2.2

or 3.2.2.3, ECAG reserves the right to reclaim the granted rebates. For the avoidance 

of doubt, if, in this case, rebates have not yet been granted, ECAG is authorized, 

when determining the Eligible Volume per product or product group relevant for the 

calculation of rebates, to disregard such transactions.

(9) Rebates pursuant to this Number are granted to Clearing Members subject to the 

condition that they transfer such rebates directly and in the same amount to their 

Non-Clearing Members or Registered Customers, from whose transactions these 

rebates have resulted. ECAG reserves the right vis-à-vis Clearing Members to 

reclaim granted rebates in case of the non-fulfilment of this provision.

(10) In connection with the calculation and reimbursement of rebates, Chapter I Part 1 

Number 2.1.2 Paragraph 7 of the Clearing Conditions applies accordingly. According 

to this, ECAG is authorized – in order to verify the orderly booking of transactions into 

P- or M-Accounts pursuant to Number 5 of the Eurex Trading Conditions, and to 

verify the transfer of rebates by Clearing Members to their Non-Clearing Members or 

Registered Customers – to commission an auditor; the costs have to be borne by the 

Clearing Member.

3.2.2.2 Volume Rebates in Futures

(1) The applicable rebate levels pursuant to Number 3.2.2.1 Paragraph 7 in Equity Index 

and Interest Rate Futures are moreover subject to the Liquidity Class (“LC”) of each 

respective product defined in the Liquidity Class Product Assignments. The Liquidity 

Class Product Assignments are published on the Eurex website 

www.eurexchange.com under the following link:

Eurex Exchange > Products > Product Information

(2) When calculating Eligible Volume for Futures, only transactions executed via the 

order book are considered.

(3) Transactions in Eurex Daily Futures Contracts on KOSPI 200 Derivatives and Daily

Futures Contracts on TAIEX Derivatives shall not be taken into account when 

calculating Eligible Volume for Equity Index Futures.

(4) The thresholds and rebate levels per product group as applied in Number 3.2.2.1 

Paragraph 7 are listed in the following tables:

a. Equity Index Futures

Execution 

Type Tier 1 Tier 2 Tier 3 Tier 4

Order book

Threshold 300,000 600,000 900,000 1,200,000

Rebate Level LC 1 10% 15% 20% 25%
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Rebate Level LC 2 15% 20% 25% 30%

Rebate Level LC 3 20% 25% 30% 35%

b. Interest Rate Futures

Execution 

Type Tier 1 Tier 2 Tier 3 Tier 4

Order book

Threshold 250,000 500,000 750,000 1,000,000

Rebate Level LC 1 10% 15% 20% 25%

Rebate Level LC 2 15% 20% 25% 30%

Rebate Level LC 3 20% 25% 30% 35%

 

3.2.2.3 Volume Rebates in Options

(1) When calculating Eligible Volume for Options, transactions executed via order book 

and off-book are considered and accumulated per product or product group.

(2) The thresholds per product or product group as applied in Number 3.2.2.1 Paragraph 

7 are listed in the following table:

Product / 

Product Group

Tier 1 Tier 2 Tier 3 Tier 4 Tier 5

Thresholds

Equity Derivatives

Equity Options 80,000 160,000 320,000 1,000,000 2,000,000

Equity Index Derivatives

DAX® Options 40,000 80,000 160,000 500,000 1,000,000

Euro STOXX 50®Index

Options 

80,000 160,000 320,000 1,000,000 2,000,000

EURO STOXX® and 

STOXX® Europe 600 

Banks Options 

(aggregated)

15,000 35,000 70,000 140,000 280,000

Other Equity Index 

Options (aggregated)

3,000 9,000 15,000 30,000 60,000

Interest Rate Derivatives

Options on ThreeMonth EURIBOR 

Futures,

One-Year, Two-Year, 

Three-Year and FourYear EURIBOR MidCurve Options on 

Three-Month 

EURIBOR Futures

15,000 30,000 60,000 120,000 240,000
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Product / 

Product Group

Tier 1 Tier 2 Tier 3 Tier 4 Tier 5

Thresholds

Options on Euro Bund

Futures,

Options on Euro Bobl

Futures,

Options on Euro 

Schatz Futures

90,000 180,000 280,000 480,000 760,000

(3) The rebate levels per Tier as applied in Number 3.2.2.1 Paragraph 7 are listed in the 

following table:

Rebate scale Rebate Level

Tier 1 20%

Tier 2 30%

Tier 3 40%

Tier 4 60%

Tier 5 80%

3.3 Position Closing Adjustments

Position Closing Adjustments, if these do not take place until 13:30 CET on the trading 

day following the day of the transaction, shall be priced as follows:

Product / Product Group Fee per Contract

Equity Futures with Group ID assigned in Annex A of the Eurex Contract Specifications 

AT01, BE01, DE01, ES01, ES02, FI01, FR01, IE01, 

IT01, NL01, NO01, PL01, PT01, SE01

EUR 0.20

BR01, CA01, CA02, RU01, US01, US02 USD 0.30

CH01 CHF 0.30

GB01 GBP 0.16

Equity Index Derivatives

ATX® Futures EUR 0.60

ATX®five Futures EUR 0.60

CECE® EUR Futures EUR 0.60

DAX® Futures EUR 1.00

DivDAX® Futures EUR 0.60

MDAX® Futures EUR 0.60

Mini-DAX® Futures EUR 0.50
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Product / Product Group Fee per Contract

TecDAX® Futures EUR 0.40

Futures on STOXX® and iSTOXX®Indices

(denominated in EUR)

EUR 0.60

Futures on STOXX®Indices (denominated in USD) USD 1.20

MSCI Futures (denominated in EUR) EUR 1.00

MSCI Futures (denominated in GBP) GBP 1.00

MSCI Futures (denominated in USD) USD 1.00

OMXH25 Futures EUR 1.00

RDX® EUR Futures EUR 0.60

RDX® USD Futures USD 0.80

Sensex Futures USD 0.40

SLI Swiss Leader Index® Futures CHF 0.40

SMI® Futures CHF 0.80

SMIM® Futures CHF 0.40

TA-35 Futures EUR 0.60

Total Return Equity Index Derivatives

Total Return Futures on STOXX®Indices

(denominated in EUR)

EUR 1.20

Index Dividend Derivatives 

DAX® Price

Index Dividend Futures

EUR 3.00

DivDAX®

Index Dividend Futures

EUR 3.00

EURO STOXX 50®

Index Dividend Futures

EUR 1.80

EURO STOXX 50®

Index Dividend Options 

EUR 1.80

EURO STOXX® Sector

Index Dividend Futures

EUR 1.80

EURO STOXX® Select Dividend 30

Index Dividend Futures

EUR 1.80

SMI®

Index Dividend Futures

CHF 2.40

STOXX® Europe 600 Sector

Index Dividend Futures

EUR 1.80

Exchange-traded Index Funds Derivatives

Futures on Exchange-traded Shares on Index 

Funds (denominated in CHF)

CHF 1.00

Futures on Exchange-traded Shares on Index 

Funds (denominated in EUR)

EUR 0.60

Volatility Index Derivatives

EURO STOXX 50® Variance Futures EUR 0.60

VSTOXX® Futures EUR 0.40

VSTOXX® Options EUR 0.60
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Product / Product Group Fee per Contract

Options on VSTOXX® Futures EUR 0.60

Interest Rate Derivatives

CONF Futures CHF 0.60

Three–Month EURIBOR Futures (incl. Strategies) EUR 0.40

EONIA Futures EUR 0.80

EUR Secured Funding Futures EUR 0.80

2-year, 5-year, 10-year and 30-year Euro Swap 

Futures

EUR 0.40

Euro Buxl® Futures, Euro Bund Futures,

Euro Bobl Futures, Euro Schatz Futures

EUR 0.40

Euro-Bono-Futures EUR 0.40

Euro-BTP Futures, Mid-Term-Euro-BTP Futures,

Short-Term-Euro-BTP Futures

EUR 0.40

Euro-OAT Futures, Mid-Term-Euro-OAT Futures EUR 0.40

Options on Three-Month EURIBOR Futures,

One-Year, Two-Year, Three-Year and Four-Year

EURIBOR Mid-Curve Options on Three-Month 

EURIBOR Futures

EUR 0.40

Options on Euro Bund Futures, Options on Euro 

Bobl Futures, Options on Euro Schatz Futures

EUR 0.40

Options on Euro-OAT Futures EUR 0.40

Property Index Derivatives

IPD® UK Annual All Industrial Index Futures GBP 16.00

IPD® UK Annual All Office Index Futures GBP 16.00

IPD® UK Annual All Property (Excluding Residential 

Specialist Funds) Index Futures

GBP 16.00

IPD® UK Annual All Retail Index Futures GBP 16.00

IPD® UK Quarterly City Office Index Futures 

Calendar Year Returns

GBP 16.00

IPD® UK Quarterly Retail Warehouse Index Futures 

Calendar Year Returns

GBP 16.00

IPD® UK Quarterly Shopping Centre Index Futures 

Calendar Year Returns

GBP 16.00

IPD® UK Quarterly South Eastern Industrial Index 

Futures Calendar Year Returns

GBP 16.00

IPD® UK Quarterly Westend & Midtown Office Index 

Futures Calendar Year Returns

GBP 16.00

IPD® UK Quarterly All Property Index Futures 

Calendar Year Returns

GBP 16.00

IPD® UK Quarterly All Retail Index Futures Calendar 

Year Returns

GBP 16.00

IPD® UK Quarterly All Office Index Futures Calendar 

Year Returns

GBP 16.00

IPD® UK Quarterly All Industrial Index Futures 

Calendar Year Returns

GBP 16.00
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Product / Product Group Fee per Contract

FX Derivatives

FX-Futures USD 0.60

FX-Futures (alternative fee currency CHF):

Sterling-Swiss Franc Futures,

Euro-Swiss Franc Futures,

US-Dollar-Swiss Franc Futures

CHF 0.64

FX-Futures (alternative fee currency GBP):

Euro-Sterling Futures

GBP 0.48

Precious Metal Derivatives

Xetra-Gold®-Futures EUR 0.40

Xetra-Gold®-Options EUR 0.40

Commodity Index Derivatives

Futures on Bloomberg Indices USD 2.00

Options on Bloomberg Indices USD 2.00

Exchange-traded Commodities Derivatives

ETFS Physical Gold Futures

ETFS Physical Gold Options

USD 0.40

ETFS WTI Crude Oil Futures

ETFS WTI Crude Oil Options

USD 1.00

Equity Dividend Futures with Group ID assigned in Annex D of the Eurex Contract Specifications

CH21 CHF 3.20

BE21, DE21, ES21, FI21, FR21, GB23, IE21, NL21, 

IT21

EUR 2.40

GB21 GBP 0.60

GB22 USD 2.40

US21, US22 USD 2.40

3.4 Cash Settlement

Product / Product Group Fee per Contract

Maximum Fee for Contracts 

on the same underlying of 

each A-, P- and M-Account

Equity Futures with in Group ID assigned in Annex A of the Eurex Contract Specifications 

AT01, BE01, DE01, ES01, ES02,

FI01, FR01, IE01, IT01, NL01, NO01, 

PL01, PT01, SE01

EUR 0.10 EUR 300.00

BR01, CA01, CA02, RU01, US01, 

US02

USD 0.15 USD 460.00

CH01 CHF 0.15 CHF 460.00

GB01 GBP 0.08 GBP 240.00

Equity Index Derivatives

ATX® Futures EUR 0.30 n. a.

ATX®five Futures EUR 0.30 n. a.
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Product / Product Group Fee per Contract

Maximum Fee for Contracts 

on the same underlying of 

each A-, P- and M-Account

CECE® EUR Futures EUR 0.30 n. a.

DAX® Futures EUR 0.50 n. a.

DivDAX® Futures EUR 0.30 n. a.

MDAX® Futures EUR 0.30 n. a.

Mini-DAX® Futures EUR 0.25 n. a.

TecDAX® Futures EUR 0.20 n. a.

Futures on STOXX® and iSTOXX®

Indices (denominated in EUR)

EUR 0.30 n. a.

Futures on STOXX®Indices 

(denominated in USD)

USD 0.60 n. a.

MSCI Futures

(denominated in EUR)

EUR 0.50 n. a.

MSCI Futures

(denominated in GBP)

GBP 0.50 n. a.

MSCI Futures

(denominated in USD)

USD 0.50 n. a.

OMXH25 Futures EUR 0.50 n. a.

RDX® EUR Futures EUR 0.30 n. a.

RDX® USD Futures USD 0.40 n. a.

Sensex Futures USD 0.20 n. a.

SLI - Swiss Leader Index® Futures CHF 0.20 n. a.

SMI® Futures CHF 0.40 n. a.

SMIM® Futures CHF 0.20 n. a.

TA-35 Futures USD 0.30 n. a.

Total Return Equity Index Derivatives

Total Return Futures on STOXX®Indices

(denominated in EUR)

EUR 0.60 n. a.

Index Dividend Derivatives 

DAX® Price

Index Dividend Futures

EUR 2.00 n. a.

DivDAX®

Index Dividend Futures

EUR 2.00 n. a.

EURO STOXX 50®

Index Dividend Futures

EUR 1.20 n. a.

EURO STOXX® Sector

Index Dividend Futures

EUR 1.20 n. a.

EURO STOXX® Select Dividend 30 

Index Dividend Futures

EUR 1.20 n. a.

SMI®

Index Dividend Futures

CHF 1.60 n. a.

STOXX® Europe 600 Sector

Index Dividend Futures

EUR 1.20 n. a.

Exchange-traded Index Funds Derivatives

db x-trackers ETF Futures EUR 0.30 n. a.

Volatility Index Derivatives

EURO STOXX 50® Variance Futures EUR 0.30 n. a.
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Product / Product Group Fee per Contract

Maximum Fee for Contracts 

on the same underlying of 

each A-, P- and M-Account

VSTOXX® Futures EUR 0.20 n. a.

Interest Rate Derivatives

EUR Secured Funding Futures EUR 0.40 n. a.

Three-Month EURIBOR Futures (incl. 

Strategies)

EUR 0.20 n. a.

EONIA Futures EUR 0.40 n. a.

Property Index Derivatives

IPD® UK Annual All Industrial Index 

Futures

GBP 8.00 n. a.

IPD® UK Annual All Office Index 

Futures

GBP 8.00 n. a.

IPD® UK Annual All Property

(Excluding Residential Specialist 

Funds) Index Futures

GBP 8.00 n. a.

IPD® UK Annual All Retail Index 

Futures

GBP 8.00 n. a.

IPD® UK Quarterly City Office Index 

Futures Calendar Year Returns

GBP 8.00 n. a.

IPD® UK Quarterly Retail Warehouse 

Index Futures Calendar Year Returns

GBP 8.00 n. a.

IPD® UK Quarterly Shopping Centre 

Index Futures Calendar Year Returns

GBP 8.00 n. a.

IPD® UK Quarterly South Eastern 

Industrial Index Futures Calendar Year 

Returns

GBP 8.00 n. a.

IPD® UK Quarterly Westend & 

Midtown Office Index Futures 

Calendar Year Returns

GBP 8.00 n. a.

IPD® UK Quarterly All Property Index 

Futures Calendar Year Returns

GBP 8.00 n. a.

IPD® UK Quarterly All Retail Index 

Futures Calendar Year Returns

GBP 8.00 n. a.

IPD® UK Quarterly All Office Index 

Futures Calendar Year Returns

GBP 8.00 n. a.

IPD® UK Quarterly All Industrial Index 

Futures Calendar Year Returns

GBP 8.00 n. a.

Precious Metal Derivatives

Xetra-Gold®-Futures EUR 0.20 n. a.

Commodity Index Derivatives

Futures on Bloomberg Indices USD 1.00 n. a.

Exchange-traded Commodities Derivatives

ETFS Physical Gold Futures USD 0.20 n. a.

ETFS WTI Crude Oil Futures USD 0.50 n. a.

The fee classification for an individual Equity Dividend Future shall be based on the 

relevant dividend amount for such Equity Dividend Future on the effective date and shall 
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become effective on September 1 of each calendar year. The effective date is the last 

trading day in July of each calendar year. The fee classification shall be communicated via 

circulars on an annual basis and shall be valid until September 1 of the subsequent year.

3.5 Determination of the Bonds / Swaps / Currency to be delivered 

(Notification)

Product / Product Group Fee per Contract

Interest Rate Derivatives

CONF Futures CHF 0.30

2-year, 5-year, 10-year and 30-year Euro Swap 

Futures

EUR 0.20

Euro Buxl® Futures, Euro Bund Futures, Euro Bobl 

Futures, Euro Schatz Futures

EUR 0.20

Euro-Bono-Futures EUR 0.20

Euro-BTP Futures,

Mid-Term-Euro-BTP Futures,

EUR 0.20

Product / Product 

Group

Currency

Dividend of the 

underlying stock

Fee per 

Contract

Maximum Fee for Contracts 

on the same underlying of 

each A-, P- and M-Account

Equity Dividend Futures with Group ID assigned in Annex D of the Eurex Contract Specifications

CH21 CHF

>= 1.00 1.60

n. a.

0.75 – 0.99 1.30

0.50 – 0.74 1.10

0.25 – 0.49 0.80

< 0.25 0.30

BE21, DE21, 

ES21, FI21, 

FR21, GB23, 

IE21, IT21, 

NL21 

EUR

>= 1.00 1.20

n. a.

0.75 – 0.99 1.00

0.50 – 0.74 0.80

0.25 – 0.49 0.60

< 0.25 0.20

GB21 GBP

>= 1.00 0.30

n. a.

0.75 – 0.99 0.26

0.50 – 0.74 0.20

0.25 – 0.49 0.10

< 0.25 0.04

GB22 USD

>= 1.00 1.20

n. a.

0.75 – 0.99 1.00

0.50 – 0.74 0.80

0.25 – 0.49 0.60

< 0.25 0.20

US21, US22 USD

>= 1.00 1.20

n. a.

0.75 – 0.99 1.00

0.50 – 0.74 0.80

0.25 – 0.49 0.60

< 0.25 0.20
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Product / Product Group Fee per Contract

Short-Term-Euro-BTP Futures

Euro-OAT Futures,

Mid-Term-Euro-OAT Futures

EUR 0.20

FX Derivatives

FX-Futures USD 0.30

FX-Futures (alternative fee currency CHF):

Sterling-Swiss Franc Futures,

Euro-Swiss Franc Futures,

US-Dollar-Swiss Franc Futures

CHF 0.32

FX-Futures (alternative fee currency GBP):

Euro-Sterling Futures

GBP 0.24

3.6 Allocation of the Bonds / Swaps / currency to be delivered 

(Allocation)

Product / Product Group Fee per Contract

Interest Rate Derivatives

CONF Futures CHF 0.30

2-year, 5-year, 10-year and 30-year Euro Swap 

Futures

EUR 0.20

Euro Buxl® Futures, Euro Bund Futures, Euro Bobl 

Futures, Euro Schatz Futures

EUR 0.20

Euro-Bono-Futures EUR 0.20

Euro-BTP Futures,

Mid-Term-Euro-BTP Futures,

Short-Term-Euro-BTP Futures

EUR 0.20

Euro-OAT Futures,

Mid-Term-Euro-OAT Futures

EUR 0.20

FX Derivatives

FX-Futures USD 0.30

FX-Futures (alternative fee currency CHF):

Sterling-Swiss Franc Futures,

Euro-Swiss Franc Futures,

US-Dollar-Swiss Franc Futures

CHF 0.32

FX-Futures (alternative fee currency GBP):

Euro-Sterling Futures

GBP 0.24

3.7 Exercise of Options

(1) For the execution of LEPOs, no fees are charged. 

(2) With regard to Interest Rate Derivatives and Options on VSTOXX® Futures

transactions, carried out after the exercise of an Option in the resulting Futures 

contract, the fees for the underlying Futures shall be applicable respectively. For the 

avoidance of doubt, the booking of a Futures contract resulting from the exercise of 
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an Option is not being charged separately.

Product / Product Group Accounts Fee per Contract

Equity Options with Group ID assigned in Annex B of the Eurex Contract Specifications

DE11, DE12, DE13, DE14

A EUR 0.15

P EUR 0.10

M EUR 0.10

AT11, AT12, BE11, BE12, BE13, ES11, ES12, 

ES13, FI11, FI12, FI13, FI14, FR11, FR12, FR13, 

FR14, IE11, IE12, IT11, IT12, IT13, NL11, NL12, 

NL13, NL14, SE11, SE12, US11

A EUR 0.10

P EUR 0.10

M EUR 0.10

CH11, CH12, CH13, CH14

A CHF 0.20

P CHF 0.15

M CHF 0.15

GB11, GB12

A GBP 0.15

P GBP 0.15

M GBP 0.15

RU11, RU12

A USD 0.15

P USD 0.15

M USD 0.15

Equity Index Derivatives 

ATX® Options

A EUR 0.30

P EUR 0.30

M EUR 0.30

ATX®five Options

A EUR 0.30

P EUR 0.30

M EUR 0.30

CECE® EUR Options

A EUR 0.30

P EUR 0.30

M EUR 0.30

DAX® Options

A EUR 0.50

P EUR 0.50

M EUR 0.50

DivDAX® Options

A EUR 0.75

P EUR 0.75

M EUR 0.75

MDAX® Options

A EUR 0.30

P EUR 0.30

M EUR 0.30

TecDAX® Options

A EUR 0.20

P EUR 0.20
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Product / Product Group Accounts Fee per Contract

M EUR 0.20

MSCI Options (denominated in EUR)

A EUR 0.50

P EUR 0.50

M EUR 0.50

MSCI Options (denominated in USD)

A USD 0.50

P USD 0.50

M USD 0.50

OMXH25 Options

A EUR 0.50

P EUR 0.50

M EUR 0.50

Options on STOXX®Indices

A EUR 0.30

P EUR 0.30

M EUR 0.30

RDX® EUR Options

A EUR 0.30

P EUR 0.30

M EUR 0.30

RDX® USD Options

A USD 0.40

P USD 0.40

M USD 0.40

Sensex Options

A USD 0.20

P USD 0.20

M USD 0.20

SLI - Swiss Leader Index® Options

A CHF 0.40

P CHF 0.40

M CHF 0.40

SMI® Options

A CHF 1.00

P CHF 1.00

M CHF 1.00

SMIM® Options

A CHF 0.40

P CHF 0.40

M CHF 0.40

Index Dividend Derivatives

EURO STOXX 50®Index Dividend Options

A EUR 1.20

P EUR 1.20

M EUR 1.20

Exchange-traded Index Funds Derivatives

Options on Exchange-traded Shares on Index Funds 

(denominated in CHF)

A CHF 0.50

P CHF 0.50

M CHF 0.50
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Product / Product Group Accounts Fee per Contract

Options on Exchange-traded Shares on Index Funds 

(denominated in EUR)

A EUR 0.30

P EUR 0.30

M EUR 0.30

Options on Exchange-traded Shares on Index Funds 

(denominated in GBP)

A USD 0.30

P USD 0.30

M USD 0.30

Options on Exchange-traded Shares on Index Funds 

(denominated in USD)

A GBP 0.30

P GBP 0.30

M GBP 0.30

Volatility Index Derivatives

VSTOXX® Options

A EUR 0.30

P EUR 0.30

M EUR 0.30

Options on VSTOXX® Futures

A EUR 0.10

P EUR 0.10

M EUR 0.10

Interest Rate Derivatives

Options on Three-Month EURIBOR Futures,

One-Year, Two-Year, Three-Year and Four-Year

EURIBOR Mid-Curve Options on Three-Month 

EURIBOR Futures

A EUR 0.20

P EUR 0.20

M EUR 0.20

Options on Euro Bund Futures,

Options on Euro Bobl Futures,

Options on Euro Schatz Futures,

Options on Euro-OAT Futures

A EUR 0.20

P EUR 0.20

M EUR 0.20

FX Derivatives

FX-Options

A USD 0.30

P USD 0.30

M USD 0.30

FX-Options (alternative fee currency CHF):

Sterling-Swiss Franc Options,

Euro-Swiss Franc Options,

US-Dollar-Swiss Franc Options

A CHF 0.32

P CHF 0.32

M CHF 0.32

FX-Options (alternative fee currency GBP):

Euro-Sterling Options

A GBP 0.24

P GBP 0.24

M GBP 0.24

Precious Metal Derivatives

Xetra-Gold®-Options

A EUR 0.20

P EUR 0.20

M EUR 0.20

Commodity Index Derivatives
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Product / Product Group Accounts Fee per Contract

Options on Bloomberg Indices

A USD 1.00

P USD 1.00

M USD 1.00

Exchange-traded Commodities Derivatives

ETFS Physical Gold Options

A USD 0.20

P USD 0.20

M USD 0.20

ETFS WTI Crude Oil Options

A USD 0.50

P USD 0.50

M USD 0.50

3.8 Assignment of Options

(1) With regard to Interest Rate Derivatives and Options on VSTOXX® Futures 

transactions, carried out after the exercise of an Option in the resulting Futures 

contract, the fees for the underlying Futures shall be applicable respectively. For the 

avoidance of doubt, the booking of a Futures contract resulting from the exercise of 

an Option is not being charged separately.

Product / Product Group Fee per Contract

Volatility Index Derivatives

Options on VSTOXX® Futures EUR 0.10

Interest Rate Derivatives

Options on Euro Bund Futures,

Options on Euro Bobl Futures,

Options on Euro Schatz Futures,

Options on Euro-OAT Futures

EUR 0.20

FX Derivatives

FX-Options USD 0.30

FX-Options (alternative fee currency CHF):

Sterling-Swiss Franc Options,

Euro-Swiss Franc Options,

US-Dollar-Swiss Franc Options

CHF 0.32

FX-Options (alternative fee currency GBP):

Euro-Sterling Options

GBP 0.24

3.9 Delivery resulting from Futures

Product / Product Group Fee per Contract

Equity Futures with Group ID ES02 assigned in 

Annex A of the Eurex Contract Specifications

EUR 0.15
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Product / Product Group Fee per Contract

ETFS Physical Gold Futures USD 0.20

ETFS WTI Crude Oil Futures USD 0.50

Futures on Exchange-traded Shares on Index 

Funds (denominated in CHF)

CHF 0.50

Futures on Exchange-traded Shares on Index 

Funds (denominated in EUR)

EUR 0.30

Xetra-Gold®-Futures EUR 0.20

3.10 Position Transfer with Cash Transfer

Transaction Fee per Transaction and Exchange Participant

Per transaction, 

relating to products denominated in GBP

GBP 5.00

Per transaction, 

relating to products denominated in EUR

EUR 7.50

Per transaction, 

relating to products denominated in CHF

CHF 13.00

Per transaction, 

relating to products denominated in USD

USD 13.00

Per transaction, 

relating to products denominated in JPY

USD 13.00

Per transaction, 

relating to products denominated in NZD

USD 13.00

Per transaction, 

relating to products denominated in AUD

USD 13.00

3.11 Physical Delivery resulting from Derivatives Positions and 

Combination Transactions Option-Share

Clearing Fees

3.11.1.1 Physical Delivery from Derivatives Positions

For derivatives positions, which are fulfilled upon delivery of securities against cash 

payment, fees shall be paid for the clearing of the respective cash and security claims 

according to the following chart:

Clearing Fee per Transaction

Derivatives Transactions nominated in EUR EUR 0.40

Derivatives Transactions nominated in CHF CHF 0.65

Derivatives Transactions nominated in GBP GBP 0.30

Derivatives Transactions nominated in USD USD 0.55
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3.11.1.2 Physical Delivery from Combination Transactions Option-Share

For security transactions resulting from Combination Transactions Option-Share which are 

fulfilled by delivery of securities against cash payment, fees shall be paid for the clearing of 

the respective cash and security claims according to the following chart:

Security transactions resulting from Combination Transactions Option-Share

Transactions Fixed Fee per Security 

Transaction

Value-based Fee per 

Security Transaction

Maximal Value for ValueBased Fee Calculation

nominated in CHF CHF 0.08 0.0008% CHF 700,000.00

nominated in EUR EUR 0.06 0.0008% EUR 500,000.00

nominated in GBP GBP 0.05 0.0008% GBP 450,000.00

nominated in USD USD 0.08 0.0008% USD 700,000.00

The value-based fee per security transaction is limited insofar as a maximal value is 

assumed for security transactions according to the chart above.

Fees for Delivery Management

ECAG charges a fee for the delivery management of claims arising from Futures 

transactions underlying the delivery of shares or other non-fixed income securities against 

cash payment. ECAG shall not charge fees for the delivery management of claims arising 

from Futures transactions underlying the delivery of fixed income securities against cash 

payment.

The fees stated in the chart shall be charged for the following security claims:

a) For claims determined for setoff pursuant to Chapter I Part 1 Number 1.3.1 (1) 

(b) and 1.3.1 (2) of the Clearing Conditions of ECAG,– the below-mentioned fee 

shall be charged only once together for all claims on the due date. No fee shall 

be charged, if afore-mentioned netting does not result in a claim to delivery of 

securities.

b) For claims not determined for setoff on the due date, the below-mentioned fee 

shall respectively be charged individually.

Delivery Management for Claims Arising from 

Futures Transactions (in Shares and Other NonFixed Income Securities)

Fee per Security Claim of Clearing Member or 

against Clearing Member on Due Date

Collective Safe 

Custody

Non-Collective Safe 

Custody

Determination of necessary security assignments 

and payment instructions

EUR 0.60 EUR 1.50

This fee shall not be charged for instruments settled with SIX SIS AG.
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Settlement Fees

For the settlement of a futures transactions by delivery/payment with Euroclear 

UK&Ireland, Eurex Clearing AG charges the following fee:

Settlement of Futures Transactions with 

Euroclear UK & Ireland

Fees per Delivery/Payment

CCP Settlement Fee GBP 0.425

Settlement Service Fee GBP 0.22

3.12 Fees for the Market Integrity Process

For each Market Integrity Process (MIP) requested by a Participant in either LDX IRS 

Constant Maturity Futures (CMF Participant as defined in Chapter II Part 2 Number 2.8.5 of 

the Clearing Conditions) or FX Rolling Spot Futures (FX Rolling Spot Participant as defined 

in Chapter II Part 2 Number 2.13.5 of the Clearing Conditions), ECAG shall charge the 

following fees:

(1) If a CMF Participant requests a MIP for a LDX IRS Constant Maturity Future in a 

specific tenor pursuant to Chapter II Part 2 Number 2.8.6 Paragraph 4 of the Clearing 

Conditions or if a FX Rolling Spot Participant requests a MIP for a FX Rolling Spot 

Future pursuant to Chapter II Part 2 Number 2.13.6 Paragraph 5 of the Clearing 

Conditions, ECAG shall charge a fee of EUR 5,000 independent of the amount of 

contracts and the result of the First MIP Assessment (as defined in Chapter II Part 2 

Number 2.8.6 Paragraph 5 or Number 2.13.6 Paragraph 6 of the Clearing Conditions 

respectively).

(2) If a CMF Participant confirms that it wishes to proceed with the Second CMF MIP 

Assesssment according to Chapter II Part 2 Number 2.8.6 Paragraph 7 lit. b) and 

Paragraph 8 of the Clearing Conditions or a FX Rolling Spot Participant confirms that 

it wishes to proceed with the Second FX MIP Assessment according to Chapter II 

Part 2 Number 2.13.6 Paragraph 8 lit. b) and Paragraph 9 of the Clearing Conditions, 

ECAG shall charge a fee of EUR 50,00 per contract independent of the result of the

respective Second MIP Assessment. In case the total amount of the fee is below 

EUR 1,000.00, ECAG shall charge a minimum fee of EUR 1,000.00.

3.13 Self-Match Prevention

The Self-Match Prevention functionality (SMP) for order book transactions is an optional 

Eurex functionality that allows market participants to prevent, where appropriate, own buy 

and sell orders from matching with each other (“Prevented Transactions”).

Prevented Transactions are treated in terms of fees and rebates equal to executed 

transactions. The fees and rebates pursuant to Chapter 3 with regard to order book 

transactions shall hence apply mutatis mutandis to Prevented Transactions.
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3.14 Maintenance Fees

For open positions ECAG shall charge the following fees in addition to the transaction fees 

for matching and registration of transactions as outlined in Number 3.1.

(1) For open positions the daily accrued maintenance fee shall be as follows:

Product / Productgroup Currency Accounts Fee per Contract

Total Return Equity Index Derivatives

Total Return Equity Index Futures

Total Return Futures on 

STOXX®Indices

(denominated in EUR)

EUR A/P/M 0.002000

LDX IRS Constant Maturity Derivatives

LDX IRS CM Futures

2-3 year LDX IRS Constant 

Maturity Futures

EUR

A 0.003288

P/M 0.002740

4-8 year LDX IRS Constant 

Maturity Futures

EUR

A 0.001644

P/M 0.001370

9-30 year LDX IRS Constant 

Maturity Futures

EUR

A 0.000822

P/M 0.000685

FX Derivatives

FX-Futures

FX Rolling Spot Futures USD A/P/M 0.001644

FX Rolling Spot Futures 

(alternative fee currency CHF):

Sterling-Swiss Franc Rolling 

Spot Futures,

Euro-Swiss Franc Rolling Spot 

Futures,

US-Dollar-Swiss Franc Rolling 

Spot Futures

CHF A/P/M 0.001753

FX Rolling Spot Futures 

(alternative fee currency 

GBP):

Euro-Sterling Rolling Spot 

Futures

GBP A/P/M 0.001315

The maintenance fee shall be determined on a daily basis (calendar day) and 

calculated at the end of each calendar month.

3.15 Average Price Processing 

Several transactions with different volumes and prices can be merged into one transaction 

with an average price applicable to this merged transaction (Average Price Processing). 
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For the usage of the Average Price Processing functionality, a fee per contract of the 

merged transaction is charged. The fee depends on the fee currency of the merged 

transaction:

Currency Fee per contract

EUR 0.02

GBP 0.02

CHF 0.02

USD 0.02

Merged transactions are excluded from a Reduced Fee per contract. The Reduced Fee per 

contract is not applicable on the original transactions prior to the merge.

4. Transaction Fees of Eurex Bonds GmbH

For transactions pursuant to Chapter I Part 1 Number 5.1 of the Clearing Conditions in 

connection with transactions on Eurex Bonds GmbH pursuant to Chapter III Number 2.1 of 

the Clearing Conditions (“Eurex Bonds Transactions”), ECAG shall charge fees for the 

settlement of transactions and positions as follows:

Volume of transactions per month in 

million:

(EUR and USD)

Fee based on the nominal value:

≤ 2,000 0.00050%

> 2,000 ≤ 4,000 0.00025%

> 4,000 0.00002%

The fees are calculated separately for every individual transaction currency. The 

transaction volumes of different transaction currencies are not added together.

4.1 Transaction Fees of Transactions regarding Danish Securities with 

Settlement in the Home Market Denmark (“HomemarketTransactions”)

For transactions pursuant to Chapter I Part 1 Number 5.1 of the Clearing Conditions in 

connection with transactions on Eurex Bonds GmbH pursuant to Chapter III Number 3.1 

of the Clearing Conditions (Transactions regarding Danish Securities with Settlement in 

the Home Market Denmark (“Homemarket-Transactions”)), ECAG shall charge fees for 

the settlement of transactions and positions as follows:

Monthly fee based on the nominal transaction value (DKK)
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0.00050%

5. Transaction Fees of Eurex Repo GmbH

For transactions pursuant to Chapter I Part 1 Number 5.1 of the Clearing Conditions in 

connection with sale and Repurchase Agreements (Repo Transactions) on Eurex Repo 

GmbH pursuant to Chapter IV Part 2 Number 2.1 of the Clearing Conditions (“Eurex 

Repo Transactions”), ECAG shall charge fees for the Settlement of Repo Transactions 

and Positions:

Transaction fee * for 

all Repo 

Transactions with the 

exception of Select 

Invest and Select 

Finance

Transaction fee *

for GC Pooling 

Select Invest

Repo Transactions 

Transaction fee *

for Select 

Finance Repo 

Transactions

Clearing Members other 

than Basic Clearing 

Members and NonClearing Members

0.0038 % p.a.

minimum fee **

EUR 15.00, CHF 17.00, 

GBP 14.00 or USD 17.00 

respectively

0.0076 % p.a.

minimum fee**

EUR 15.00, CHF 17.00, 

GBP 14.00 or USD 

17.00 respectively

0.0076 % p.a.

minimum fee**

EUR 15.00, CHF 

17.00, GBP 14.00 or 

USD 17.00 

respectively

Basic Clearing 

Members

n.a. n.a. 0.0038 % p.a.

minimum fee **

EUR 15.00, CHF 

17.00, GBP 14.00 or 

USD 17.00 

respectively

Specific Repo License 

Holders

n.a. 0.0000 n.a.

* In relation to the purchase price of the Front-Leg and the period of time between the starting date for the

Front-Leg (inclusive) and the end date for the Term-Leg of the respective Repo Transaction (exclusive), such 

calculation being made on the basis of Act/360

** Per concluded transaction, depending on the currency of the underlying Repo Transaction

6. Transaction Fees of the Frankfurt Stock Exchange (Frankfurter 

Wertpapierbörse, FWB)

For activities of ECAG pursuant to Chapter I Part 1 Number 5.1 of the Clearing 

Conditions being in connection either with transactions concluded on the Frankfurt Stock 

Exchange (FWB) pursuant to Chapter V Part 1 and 2 of the Clearing Conditions 

(hereafter referred to as ”FWB transactions”) or with off-exchange entries in the 

electronic trading system of FWB pursuant to Chapter V Number 1.3 of the Clearing 

Conditions (hereafter referred to as “OTC transactions”), ECAG shall charge transaction 

fees pursuant to Number 6.1 and 6.2.The service fees additionally occurring for 

aforementioned transactions are regulated in Number 8.
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6.1 Clearing Fees

For FWB transactions the basis for the calculation of clearing fees 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 OTC transactions, the clearing fees are calculated per entry.

No Clearing fees shall be charged for transactions in fixed income securities until further 

notice.

Xetra transactions in Shares and Other Non-Fixed Income Securities

With regard to the clearing of FWB transactions which are accordingly marked with the 

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

(“Xetra-transactions”), in shares and other non-fixed income securities, fixed and valuebased fees according to the following charts shall be paid.

Fixed Clearing Fee for Xetra Transactions in Shares and Other Non-Fixed 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%

Value-based Clearing Fee for Xetra Transactions in Shares and Other Non-Fixed 

Income Securities denominated in EUR

 

1 For FWB transactions concluded by the Xetra BEST facility and booked in the A-Account of an Order Flow Provider or the EAccount of BEST Executors, the fixed clearing fee does not apply.
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Value of executed orders 

and entries in mn EUR 

(monthly per trading 

participant and Clearing 

Member)

Value-based fee ... ... equates rebate on valuebased clearing fee

0 – 2,000 0.0008% 0%

2,000 – 4,000 0.0007% 12.5%

4,000 – 8,000 0.0006% 25%

8,000 – 15,000 0.0005% 37.5%

15,000 – 30,000 0.0004% 50%

> 30,000 0.0003% 62.5%

The value-based fee per executed order / version is limited insofar as a maximal value of 

500,000 EUR is assumed per executed order / version.

Fixed and Value-based Clearing Fee for Xetra Transactions in Shares and Other 

Non-Fixed Income Securities not denominated in EUR

Transactions Fixed fee per 

executed order / 

version

Value-based fee Maximal value for 

value-based fee 

calculation

Denominated in AUD AUD 0.04 0.0008% AUD 700,000.00

Denominated in CAD CAD 0.04 0.0008% CAD 700,000.00

Denominated in CHF CHF 0.04 0.0008% CHF 700,000.00

Denominated in CNY CNY 0.21 0.0008 % CNY 3,500,000.00

Denominated in GBP GBP 0.03 0.0008% GBP 450,000.00

Denominated in JPY JPY 3.00 0.0008% JPY 55,000,000.00

Denominated in SEK SEK 0.28 0.0008% SEK 4,500,000.00

Denominated in USD USD 0.04 0.0008% USD 700,000.00

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

assumed per executed order / version according to the chart above.

Börse Frankfurt transactions 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 
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(“Börse Frankfurt transactions”).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.

Fixed and Value-based Clearing Fee for Börse Frankfurt Transactions in Shares 

and Other Non-Fixed Income Securities

Transactions Fixed fee per 

executed order / 

version or entry

Value-based fee Maximal value for 

value-based fee 

calculation

Denominated in AUD AUD 0.08 0.0008% AUD 700,000.00

Denominated in CAD CAD 0.08 0.0008% CAD 700,000.00

Denominated in CHF CHF 0.08 0.0008% CHF 700,000.00

Denominated in CNY CNY 0.42 0.0008% CNY 3,500,000,00

Denominated in EUR EUR 0.06 0.0008% EUR 500,000.00

Denominated in GBP GBP 0.06 0.0008% GBP 450,000.00

Denominated in JPY JPY 6.00 0.0008% JPY 55,000,000.00

Denominated in SEK SEK 0.56 0.0008% SEK 4,500,000.00

Denominated in USD USD 0.08 0.0008% USD 700,000.00

6.2 Fees for Delivery Management

ECAG charges a fee for the delivery management of claims arising from FWB transactions 

in shares and other non-fixed income securities and from OTC transactions in shares and

other non-fixed income securities. ECAG shall not charge fees for the delivery 

management of claims arising from FWB transactions in fixed income securities and from 

OTC transactions in fixed income securities.

The fees stated in the chart shall be charged for the following security claims:

a) For claims determined for setoff according to Chapter I Part 1 Number 1.3.1 (1) 

(b) and 1.3.1 (2) of the Clearing Conditions of ECAG, below-mentioned fee shall 

be charged only once for all claims on the due date. No fee shall be charged if 

no claim to delivery of securities results from aforementioned netting.

b) For claims not determined for setoff on the due date, below-mentioned fee shall 

respectively be charged individually on this day. When calculating the fee, claims 

according to Chapter V Number 2.5.3 Paragraph 3 of the Clearing Conditions 

shall be handled as netted claims.
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Delivery Management of claims resulting from 

FWB and OTC transactions for Shares and other 

non-fixed income securities

Fees per Security Claim of the Clearing Member 

or against the Clearing Member on the Due Date

Collective Safe 

Custody

Non-Collective Safe 

Custody

Determination of necessary security assignments 

and payment instructions

EUR 0.60 EUR 1.50

7. Transaction Fees Irish Stock Exchange (ISE)

For transactions pursuant to Chapter I Part 1 Number 5.1 of the Clearing Conditions in 

connection with transactions concluded at the Irish Stock Exchange (ISE) in securities 

and rights (ISE transactions) pursuant to Chapter VI of the Clearing Conditions, ECAG 

levies fees for the regulation and the Clearing of ISE transactions carried out by it 

(“Clearing Fees”) including clearing services (corporate actions, position management 

etc.) carried out by CrestCo Ltd. (Crest) of ISE transactions2.

Clearing Fees

Fees per transaction: EUR 0.12

8. Service Fees Eurex Deutschland and Eurex Zürich, Eurex Bonds 

GmbH, Eurex Repo GmbH, Frankfurt Stock Exchange (FWB) and 

Securities Lending Transactions

For the utilisation of the services offered by ECAG in connection with the clearing, the 

regulation and the settlement of Derivatives Transactions with Physical Delivery, of 

Eurex Bonds GmbH transactions, of Eurex Repo GmbH transactions, transactions on the 

Frankfurter Wertpapierbörse (FWB) and off-exchange entries in the electronic trading 

system of FWB and Securities Lending Transactions, the following fees shall be 

charged:

8.1 Special Service Fees Eurex Deutschland and Eurex Zürich

Service Fees for Provision of Gross Delivery Management (without Netting 

Agreement) for Combination Transactions Option-Share

For the provision of the electronically supported service for optimization of the delivery 

processes (”Gross Delivery Management”) according to Chapter I Part 1 Number 1.4.2 of 

the Clearing Conditions, ECAG shall, depending on a sameday netting of claims from 

 

2

ISE transactions are not included in the Gross Delivery Facility of ECAG.
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security transactions in connection with Combination Transactions Option-Share, charge 

the following fees. The value-based fee per same-day executed order or per entry is 

limited insofar as a maximal value is assumed per same-day executed order or entry.

Provision Fee for Gross Delivery Management without same-day netting of claims held in 

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

Transactions Fixed fee per 

security transaction

Value-based fee 

per security 

transaction

Maximal value for 

value-based fee 

calculation

CSC NCSC CSC NCSC

Denominated in CHF CHF 0.12 CHF 0.24

0.0003

%

0.0006

%

CHF 700,000.00

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 USD USD 0.12 USD 0.24

0.0003

%

0.0006

%

USD 700,000.00

8.2 Special Service Fees Frankfurter Wertpapierbörse

Service Fees for Provision of Gross Delivery Management

For provision of the electronically supported service for optimization of the delivery 

processes (Gross Delivery Management) pursuant to Chapter I Part 1 Number 1.4.2 of 

the Clearing Conditions, ECAG shall charge the following fees subject to a same-day 

netting of claims from FWB transactions in shares and other non-fixed income securities 

and from OTC transactions in shares and other non-fixed income securities pursuant to 

Chapter V Number 2.5 of the Clearing Conditions (Netting Agreement).

No service fees for provision of Gross Delivery Management with regard to transactions 

in fixed income securities shall be charged until further notice.

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 OTC transactions, 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.
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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 3

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.

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 Frankfurt 0.0006% 0.0012%

 

3 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.
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For transactions 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.

Service Fees for FWB Trading Participants not authorized to Clearing

For the FWB trading participant connected to the Clearing Member (with Direct or 

General Clearing License) - such trading participants not being authorized to clearing 

(Non-Clearing Members) - a monthly service fee according to the following chart shall be 

charged by ECAG to the Clearing Member:

Service Fees for FWB Trading Participants not authorized to Clearing

Fee per Non-Clearing Member and Month

EUR 200.00

Service Fees for Master Data Management

Service Fee per Change and Settlement Account

Agreement/Cancellation of Netting Agreement and 

(in case of Netting Agreement) determination of 

Utilization / Waiver of Provision of Gross Delivery 

Management for Trading Accounts of FWB Trading 

Participants

EUR 100.00

8.3 General Service Fees

Service Fees for Gross Delivery Management

Service: Fees per Transaction:

Marking of a transaction for Gross-/Net Processing EUR 0.00

Blocking/Releasing of a transaction via VALUES

API

EUR 0.04

Blocking/Releasing of a transaction via data carrier EUR 0.06

Manual linking of two transactions EUR 0.04
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Service: Fees per Transaction:

Automatic linking of two or more transactions EUR 0.04

Unlinking of transactions EUR 0.00

Service Fees for Provision of Data via Online Requests

The online request of transactions by a Clearing Member within a defined number of 

requests within one day (exemption limit) is free of charge.

The exemption limit for free online requests shall comprehensively apply to all 

transactions regarding physical delivery from all futures positions (Eurex Deutschland 

and Eurex Zürich), Eurex Bonds GmbH, Eurex Repo GmbH and Frankfurter 

Wertpapierbörse (FWB) and shall be determined as follows: Exemption limit per Clearing 

Member and day = 0.5 x number of transactions. If the number of online requests 

exceeds this exemption limit one day, a fee per online request shall be charged for the 

number of requests exceeding such exemption limit. The basis for counting the online 

requests and the fee calculation are the data packages sent upon the request; such data 

package may contain up to 12 transactions. For the provision of data packages 

exceeding the exemption limit, ECAG shall charge the following fees:

Service: Fees per Data Package

Provision of data packages on basis of online 

requests exceeding the defined exemption limit

EUR 0.05

Service Fees for Marking and Recording of Blocked Transactions

According to the specifications for delivery processes of transactions at Eurex 

Deutschland and Eurex Zürich (Chapter II of the Clearing Conditions), of Eurex Bonds 

transactions (Chapter III of the Clearing Conditions), of Eurex Repo transactions 

(Chapter IV of the Clearing Conditions) and of FWB transactions (Chapter V of the 

Clearing Conditions), ECAG offers its Clearing Members a service to mark blocked 

transactions in the setoff block after conclusion of the same-day settlement (SDS2) 

respectively the day-time processing (DTP) of Clearstream Banking AG, Frankfurt, on 

the day of the settlement contractually provided for or on the day of delivery respectively 

provided for. Marked transactions shall be marked and separated as “open”, i.e. as not 

fulfilled, in respective reports regarding the relationship between the respective Clearing 

Members and its customer.

For a marking of blocked transactions in the setoff block and their recording in reports, 

the following fees shall be charged:
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Service: Fees per Blocked Transaction and per Day after 

SDS2/DTP of the contractual Settlement Day

Marking / Recording of Blocked Transactions in the 

Setoff Block after SDS2/DTP

EUR 0.05

When choosing “deferred cash accounting“, the transactions marked in the setoff block 

shall not be regulated, but also marked and separated as ”open”, i.e. not fulfilled, in the 

respective reports regarding the relationship between the respective Clearing Member 

and ECAG.

For “deferred cash accounting“, additional fees of EUR 700 shall be charged per 

Clearing Member and month.

Service Fees for Provision of Reports

Service: Fee per Report and Month:

Risk-Based-Margining Reports EUR 0.00

Raw Data Reports for Clearing Member or 

Settlement Institution

EUR 0.00

Formatted Reports for Clearing Member or 

Settlement Institution

EUR 300.00**

Raw Data Reports or Formatted Reports for NonClearing-Members* 

EUR 300.00***

Securities Lending Reports (Pipe Separated 

Format)

EUR 0.00

GC Pooling Select Reports for Specific Repo 

License Holder via Common Report Engine (CRE)

EUR 0.00

* With approval by Clearing Member

** If formatted reports of Clearing Members/Settlement Institutions are required for both transactions at FWB 

and Eurex Bonds and/or Eurex Repo, only one report provision shall be charged.

*** If both the raw data report and the formatted report are provided at the same time, only one report 

provision shall be charged.

Service Fees for Master Data Management

Service Fee per Modification and Settlement 

Account

Change of Standard Release Procedure

(Positive-/Negative Procedure)

EUR 100.00

Change of Standard Processing Procedure

(Gross-/Net Processing)

EUR 100.00

Change of Settlement-Netting Unit EUR 100.00

Change of Method of marking / separating of 

blocked Transactions

EUR 100.00

Deletion/Addition of a Settlement Account EUR 100.00
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9. Service Fees for Collaterals, Default Fund Contributions and Funds 

provided for the Fulfilment of Own Funds or equivalent Regulatory 

Capital Requirements

9.1 Service Fees for Eligible Margin Assets in the Form of Cash

For Eligible Margin Assets in the form of cash delivered as cover, a fee will be charged. 

The fee will be charged on the entire Eligible Margin Assets in the form of cash delivered 

by Clearing Members.

The fee for Eligible Margin Assets in the form of cash delivered as cover is determined 

according to the currency in which the delivery of Eligible Margin Assets in form of cash 

by the Clearing Member occurs. The respective fee therefore amounts to in case of cash 

in:

CHF: 0.20% p.a.

EUR: 0.20% p.a.

GBP: 0.20% p.a.

USD: 0.50% p.a.

The calculation of the fee will be performed act / 365 based on the value of the Eligible 

Margin Assets in the form of cash delivered and recorded in the Internal Margin Account 

(Chapter I Part 2 Number 4.2 of the Clearing Conditions of Eurex Clearing AG), the 

Segregated Internal Margin Account (Chapter I Part 3 Subpart A Number 4.1.2 of the 

Clearing Conditions of Eurex Clearing AG) and the Internal Net Omnibus Margin Account 

(Chapter I Part 4 Number 4.2 of the Clearing Conditions of Eurex Clearing AG) of the 

Clearing Member.

ECAG principally reserves the right to charge a lower fee.

If the Clearing Member has chosen to use a Settlement Bank for payments in EUR, CHF 

or GBP pursuant to Chapter I Part 1 Number 2.1.2 (4) (b) (ff) of the Clearing Conditions 

of Eurex Clearing AG, a fee shall be charged per Clearing Member as specified below. 

The settlement bank fee of 0.001% will be charged on a monthly basis on the full 

amounts settled through the Settlement Bank to cover cash obligations according to 

Chapter I Part 1 Number 1.4.1 of the Clearing Conditions of Eurex Clearing AG and is 

determined according to the corresponding clearing currency (“Settlement Bank Fee”). A 

monthly minimum Settlement Bank Fee (Floor) of EUR 3,000 (equivalent to CHF 3,300 

or GBP 2,400) shall apply per Clearing Member and shall be charged if a Settlement 

Bank is used for one or more currencies at least for one day of the respective calendar 

month.

9.2 Service Fees for Eligible Margin Assets in the Form of Securities

For Eligible Margin Assets in the form of securities or book-entry securities (Wertrechte) 

delivered as cover, a fee in the corresponding clearing currency will be charged daily in the 

amount of 0.05 per cent p.a. if the ratio of Eligible Margin Assets in the form of cash to the

margin requirements is equal to or exceeds 30:100, 0.075 per cent p.a. if the ratio of 
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Eligible Margin Assets in the form of cash to the margin requirements is between 15:100 

and 29.99:100, and 0.10 per cent p.a. if the ratio of Eligible Margin Assets in the form of 

cash to the margin requirements is between 0:100 and 14.99:100. For Eligible Margin 

Assets in the form of securities or book-entry securities (Wertrechte) which are delivered 

through the GC Pooling reuse functionality, a fee in the corresponding clearing currency 

will be charged daily in the amount of 0.03 per cent p.a. The calculation of the fee will be 

performed act / 365 based on the value of the Eligible Margin Assets in the form of 

securities or book-entry securities (Wertrechte) delivered to cover margin requirements 

which are recorded in the Internal Margin Account (Clearing Conditions of Eurex Clearing 

AG, Chapter 1 Part 2 Number 4.2 and Part 6 Number 5.3), the Segregated Internal Margin 

Account (Clearing Conditions of Eurex Clearing AG,Chapter 1 Part 3 Subpart A Number 

4.1.2), the Internal Net Omnibus Margin Account (Clearing Conditions of Eurex Clearing 

AG, Chapter 1 Part 4 Number 4.2) and the Internal FCM Client Margin Accounts (Clearing 

Conditions of Eurex Clearing AG, Chapter 1 Part 5 Number 3.3) of the Clearing Member. 

Therefore,

a) Eligible Margin Assets in the form of securities or book-entry securities 

(Wertrechte) recorded in the margin accounts whose delivery is not required to 

cover the respective margin requirements,

b) margin requirements determined for OTC Interest Rate Derivative Transactions 

relating to Registered Customers

are not part of the calculation basis.

9.3 Service Fees for intra-day Exchange of Eligible Margin Assets

In accordance with the specifications determined by ECAG for an intra-day exchange of 

Eligible Margin Assets in the form of cash as deposited for Eligible Margin Assets in the 

form of securities or book-entry securities (Wertrechte) respectively the intra-day 

exchange of Eligible Margin Assets in the form of securities or book-entry securities 

(Wertrechte) as deposited for Eligible Margin Assets in the form of securities or bookentry securities (Wertrechte) other than those deposited, ECAG shall charge a service 

fee in the amount of EUR 50.00 or CHF 80.00 for each such exchange.

The respective service fees shall be charged without turnover tax.

9.4 Service Fees for Default Fund Contributions

For Default Fund Contributions in the form of cash Number 9.1 applies mutatis

mutandis.

For Default Fund Contributions in the form of securities Number 9.2 applies mutatis 

mutandis. The calculation of the fee will thereby be performed act / 365 based on the 

value of the entire Contributions in the form of securities or book-entry securities 

(Wertrechte) which are recorded on the internal Default Fund account (i.e. including any 

Excess Contribution) and instead of the ratio of Eligible Margin Assets in the form of 

cash to the margin requirement, the ratio of the Contribution in the form of cash amounts 

to the respective Contribution requirement to the Default Fund is applicable.
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9.5 Service Fees for Funds provided for the Fulfilment of Own Funds or 

equivalent Regulatory Capital Requirements

For funds in the form of cash provided for the fulfilment of own funds or equivalent 

regulatory capital requirements Number 9.1 applies mutatis mutandis.

For funds in the form of securities provided for the fulfilment of own funds or equivalent 

regulatory capital requirements, no service fees are charged.

10. Transaction Fees for OTC Interest Rate Derivative Transactions

For the clearing of OTC Interest Rate Derivative Transactions pursuant to Chapter VIII 

Part 2 of the Clearing Conditions, ECAG will charge fees for the clearing and settlement 

of OTC Interest Rate Derivative Transactions and positions– as far as the OTC Interest 

Rate Derivative Transaction has been novated pursuant to Chapter VIII Part 1 and Part 2

of the Clearing Conditions (“CCP Transaction”) – as follows:

10.1 Clearing Fees

(1) The fees and their calculation outlined in Numbers 10.2 to 10.5 apply to OTC Interest 

Rate Derivative Transactions. The fees charged for ZCIS in some respects differ from 

fees charged for all other OTC Interest Rate Derivative Transactions (IRS, OIS and 

FRA). Numbers 10.2 to 10.4 therefore differentiate between ZCIS on the one hand 

and IRS, OIS and FRA on the other hand. In general, the fees are based on the 

underlying notional amount (the “OTC Interest Rate Derivate Notional Amount”) 

and the currency of the relevant transaction.

(2) The standard pricing model pursuant to Number 10.2 (“Standard Pricing Model”) 

applies to IRS, OIS, FRA and ZCIS for Registered Customers and Clearing Members. 

ECAG can grant a Registered Customer upon its Clearing Member’s request access 

to the high turnover pricing model pursuant to Number 10.3 (“High Turnover Pricing 

Model”) or ECAG can grant a Clearing Member (Basic Clearing Members are 

exempt) upon its request access to the rebate scheme pursuant to Number 10.4. The 

High Turnover Pricing Model is only available for IRS, OIS and FRA. For ZCIS, a 

change between Standard Pricing Model and High Turnover Pricing Model is not 

possible for Registered Customers.

Model

IRS, OIS, FRA ZCIS

Clearing Members Basic 

Clearing 

Members

Registered 

Customers

Clearing Members Basic 

Clearing 

Members

Registered 

Customers

House 

Account

Agent 

Account

House 

Account

Agent 

Account

Standard Pricing 

Model

- Volume Rebates

Yes Yes Yes Yes Yes Yes Yes Yes

No No No Yes No No No Yes

High Turnover 

Pricing Model

No No No Yes No No No No

Rebate scheme 

(Chapter 10.4)

Yes No No No Yes No No No
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(3) The receipt by ECAG of the request to change between the Standard Pricing Model 

and any of the other models will trigger a one month processing period. The 

respective other pricing model shall be applied as of the first Business Day of the 

calendar month following the expiry of such processing period.

10.2 Standard Pricing Model

OTC Interest Rate Derivative Booking Fee

IRS, OIS, FRA ZCIS

Fixed Booking Fee per million in trade currency 0.25 0.375

Maturity Premium per million per year in trade currency 0.75 1.125

Fee cap (Fixed Booking Fee + Maturity Premium) per million in trade 

currency

18.00 27.00

Maintenance Fee

IRS, OIS, FRA ZCIS

Maintenance fee per million notional per day in trade currency 0.007 0.028

Booking Fee per OTC Interest Rate Derivative Transaction

(1) For each OTC Interest Rate Derivative Transaction a fixed booking fee per OTC 

Interest Rate Derivative Transaction (“Fixed Booking Fee”) of

 EUR 0.25 for IRS, OIS and FRA; and

 EUR 0.375 for ZCIS

per million OTC Interest Rate Derivative Notional Amount in the respective Trade 

Currency shall be paid by the relevant Clearing Member. In case the relevant Trade 

Currency is not Euro, the same amount (0.25 or 0.375 respectively) shall be applied in 

the relevant Trade Currency without currency conversion.

“Trade Currency” means the currency, in which the relevant OTC Interest Rate 

Derivative Transaction was entered into.

(2) In addition to the Fixed Booking Fee pursuant to Paragraph (1), the relevant Clearing 

Member shall pay a maturity premium to ECAG in each Calculation Period of

 EUR 0.75 for IRS, OIS and FRA; and

 EUR 1.125 for ZCIS

per million OTC Interest Rate Derivative Notional Amount in the relevant Trade 

Currency multiplied by the Day Count Fraction (“Maturity Premium”, together with 

the Fixed Booking Fee the “OTC Interest Rate Derivative Booking Fee”). In case 

the relevant Trade Currency is not Euro, the same amount (0.75 or 1.125 

respectively) shall be applied in the relevant Trade Currency without currency 

conversion.
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“Day Count Fraction” means the actual number of days in a Calculation Period, 

divided by 365.

“Calculation Period” means with respect to the Maturity Premium, the period from 

(and including) the novation pursuant to Chapter VIII Part 2 Number 2.1.4.3 of the 

Clearing Conditions to (and including) the Maturity Date of the OTC Interest Rate 

Derivative Transaction pursuant to Chapter VIII Part 2 Number 2.3.1 and 2.4.4 of 

the Clearing Conditions.

(3) If the OTC Interest Rate Derivative Booking Fee exceeds the defined fee cap, the 

relevant Clearing Member shall only pay the amount equal to the fee cap to ECAG of

 EUR 18.00 for IRS, OIS and FRA; and

 EUR 27.00 for ZCIS

per million OTC Interest Rate Derivative Notional Amount in the respective Trade 

Currency. In case the relevant Trade Currency is not Euro, the same amount (18.00 

or 27.00 respectively) shall be applied in the relevant Trade Currency without 

currency conversion.

(4) The OTC Interest Rate Derivative Booking Fee shall exclusively be paid by the 

Clearing Member with the invoice, issued for the relevant calendar month. By payment 

of the OTC Interest Rate Derivative Booking Fee, all services to be provided by ECAG 

in relation to an OTC Interest Rate Derivative Transaction pursuant to Chapter VIII 

Part 2 Number 2.1.4.3 Paragraph (4), Number 2.6 (with the exception of Trade Netting 

Fees in accordance with Number 10.5.1), Number 2.7 (except for the transfer of an 

OTC Interest Rate Derivative Transaction to another Clearing Member (Trade 

Transfer) pursuant to Number 2.7.1) and Number 2.8 of the Clearing Conditions shall 

be covered.

Booking Fee per OTC Interest Rate Derivative Transaction for Trade Transfer

For each transfer of an OTC Interest Rate Derivative Transaction to another Clearing 

Member (Trade Transfer) pursuant to Chapter VIII Part 2 Number 2.7.1 of the Clearing 

Conditions, ECAG may charge the respective Transferee Clearing Member a percentage

of the originally calculated OTC Interest Rate Derivative Booking Fee for the relevant OTC 

Interest Rate Derivative Transaction. Such percentage is currently equal to zero per cent.

Booking Fee per OTC Interest Rate Derivative Transaction for Backloading

For the novation of the Bulk Backloaded Original OTC Transactions pursuant to Chapter 

VIII Part 2 Number 2.1.4.5 of the Clearing Conditions, ECAG shall charge the respective 

Clearing Member a percentage of the originally calculated OTC Interest Rate Derivative 

Booking Fee for the relevant OTC Interest Rate Derivative Transaction. Such percentage is 

currently equal to 30 per cent.
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Rebate scheme on the OTC Interest Rate Derivative Booking Fee for Registered 

Customers

(1) A Registered Customer shall receive a rebate on the OTC Interest Rate Derivative 

Booking Fee calculated based on the Standard Pricing Model. The rebate depends 

on the cumulated cleared notional.

(2) The accumulation of the cleared notional starts with the month ECAG has granted the 

Registered Customer access to this rebate scheme and ends after 12 months.

(3) The cumulated cleared notional and the rebates are calculated separately for the PP 

account and all flexible accounts. In doing so, all transactions for FRA, IRS, OIS and 

ZCIS are taken into account. The transactions pursuant to 10.2.2 and 10.2.3 are not 

included in the calculation of the cleared cumulated notional and rebates.

(4) The rebate shall be determined on a monthly basis in the 12-month period defined in 

(2).

Rebate applied to the OTC Interest Rate 

Derivative Booking Fee calculated based 

on the Standard Pricing Model

Threshold: Cumulated Cleared Notional 

(billion Euro) considering ZCIS, IRS, OIS 

and FRA

Tier 1 15 % (R1) 240 (S1)

Tier 2 25 % (R2) 720 (S2)

Tier 3 35 % (R3) 1,500 (S3)

The rebate calculation for the transactions in a certain month of the 12-month period is 

performed as follows: 

Let v be the cleared notional of an OTC Interest Rate Derivative Transaction in the 

given month and N be the cumulated cleared notional of all relevant OTC Interest 

Rate Derivative Transactions since the start of the 12-month period mentioned above.

Let for example be S1 ≤ N ≤ S2.

If N + v ≤ S2, then the OTC Interest Rate Derivative Booking Fee for the transaction 

with cleared notional v will receive a rebate of R1.

If N + v > S2 and ≤ S3, then the OTC Interest Rate Derivative Booking Fee for the 

transaction with cleared notional v will receive a rebate of R2.

The total monthly rebate is then the sum of all individual rebates for eligible OTC 

Interest Rate Derivative Transactions in the month.

If the cumulated cleared notional lies between other thresholds than the ones used in 

the example above, the same methodology applies mutatis mutandis.

(5) The rebate shall be granted per trade in the trade currency of the product.
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Maintenance Fee

(1) The maintenance fee shall be

 EUR 0.007 for IRS, OIS and FRA; and

 EUR 0.028 for ZCIS

per million OTC Interest Rate Derivative Notional Amount and day in the relevant 

Trade Currency. In case the relevant Trade Currency is not Euro, the same amount 

(0.007 or 0.028 respectively) shall be applied in the relevant Trade Currency without 

currency conversion.

The maintenance fee for current OTC Interest Rate Derivative Transactions shall be 

determined on a daily basis and calculated at the end of a calendar month. The same 

maintenance fee logic applies to post trade events. No maintenance fee will be 

charged for an OTC Interest Rate Derivative Transaction if it is terminated before or at 

the end of the last trading day of a calendar month.

(2) The maintenance fee shall be charged during the relevant Calculation Period at the 

end of each calendar month based on the actual number of days in the relevant 

calendar month.

“Calculation Period” means with respect to the maintenance fee, the period from 

(and including) the novation pursuant to Chapter VIII Part 2 Number 2.1.4.3 of the 

Clearing Conditions to (and including) the earlier of

 the Maturity Date of the OTC Interest Rate Derivative Transaction pursuant to 

Chapter VIII Part 2 Number 2.3.1 and 2.4.4 of the Clearing Conditions and

 the date, on which the termination of the relevant OTC Interest Rate Derivative

Transaction becomes effective in accordance with Chapter VIII Part 2

Number 2.8 of the Clearing Conditions prior to the respective Maturity Date 

pursuant to Chapter VIII Part 2 Number 2.3.1 and 2.4.4 of the Clearing 

Conditions.

Rebate scheme on the Maintenance Fee for Registered Customers

(1) A Registered Customer shall receive a rebate on the maintenance fee calculated 

based on the Standard Pricing Model. The rebate depends on the outstanding 

notional at the end of each month.

(2) The rebate shall be determined at the end of each month based on the calculation for 

the eligible transactions in the month.

Rebate applied to the maintenance 

fee calculated based on the 

Standard Pricing Model

Threshold: Outstanding Notional at the end of 

each month (billion Euro)

Tier 1 15 % (R1) 240 (S1)

Tier 2 25 % (R2) 720 (S2)

Tier 3 35 % (R3) 1,500 (S3)
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The rebate calculation is performed as follows: 

Let v be the outstanding notional of an OTC Interest Rate Derivative Transaction in 

the given month and N be the outstanding notional of all relevant OTC Interest Rate 

Derivative Transactions in the same month.

Let for example be S1 ≤ N ≤ S2.

If N + v ≤ S2, then the maintenance fee for the transaction with outstanding notional v

will receive a rebate of R1.

If N + v > S2 and ≤ S3, then the maintenance fee for the transaction with outstanding

notional v will receive a rebate of R2.

The total monthly rebate is then the sum of all individual rebates for eligible OTC 

Interest Rate Derivative Transactions in the month.

If the outstanding notional lies between other thresholds than the ones used in the 

example above, the same methodology applies mutatis mutandis.

(3) The rebate shall be granted per trade in the trade currency of the product.

(4) For Variable Notional Swaps, the trade notional of the last calendar day of the month 

is used in the aggregation of the outstanding notional.

10.3 High Turnover Pricing Model for IRS, OIS and FRA of Registered 

Customers

ECAG shall only grant a Clearing Member access to the High Turnover Pricing Model 

outlined in this Number 10.3 with regard to RC-Related Transactions with a specific 

Registered Customer pursuant to Chapter I Part 1 Number 1.1.6 in connection with 

Appendices 2 and 3 of the Clearing Conditions upon corresponding request of such 

Registered Customer through its Clearing Member.

Booking Fee

(1) The Fixed Booking Fee for RC-Related Transactions of a Clearing Member in relation 

to specific Registered Customers, payable by the relevant Clearing Member, shall be 

equal to the amount specified in the table below per million IRS, OIS and FRA Notional 

Amount in the relevant Trade Currency. If such OTC Interest Rate Derivative Booking 

Fee exceeds the Maximum Booking Fee (as specified below), the relevant Clearing 

Member shall only pay the amount equal to such Maximum Booking Fee to ECAG. If 

the Fixed Booking Fee falls below the Minimum Booking Fee (as specified below), the 

relevant Clearing Member shall pay the amount equal to such Minimum Booking Fee to 

ECAG.
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(2) The Fixed Booking Fee pursuant to this pricing model shall be charged with the 

invoice, issued for the relevant calendar month. By payment of the Fixed Booking Fee 

in accordance with this pricing model, all services to be provided by ECAG in relation 

to the relevant RC-Related Transaction of such Clearing Member in relation to a 

specific Registered Customer pursuant to Chapter VIII Part 2 Number 2.1.4.3 

Paragraph (4), Number 2.6 (with the exception of Trade Netting Fees in accordance 

with Number 10.5.1), Number 2.7 and Number 2.8 of the Clearing Conditions shall be 

covered.

Booking Fee for Trade Transfer

For each transfer of an OTC Interest Rate Derivative Transaction to another Clearing 

Member (Trade Transfer) pursuant to Chapter VIII Part 2 Number 2.7.1 of the Clearing 

Conditions, ECAG may charge the respective Transferee Clearing Member a percentage

of the originally calculated OTC Interest Rate Derivative Booking Fee for the relevant OTC 

Interest Rate Derivative Transaction. Such percentage is currently equal to zero per cent.

Booking Fee for Backloading

For the novation of the Bulk Backloaded Original OTC Transactions pursuant to Chapter 

VIII Part 2 Number 2.1.4.5 of the Clearing Conditions, ECAG shall charge the respective 

Clearing Member a percentage of the originally calculated OTC Interest Rate Derivative

Booking Fee for the relevant OTC Interest Rate Derivative Transaction. Such percentage is 

currently equal to 30 per cent.

Maintenance Fee

The maintenance fee, payable by the relevant Clearing Member, for RC-Related 

Transactions of such Clearing Member in relation to a specific Registered Customer will 

be calculated daily based on the relevant Initial Margin Requirement and charged on a 

monthly basis in Margin Requirement Currency. The Initial Margin Requirement shall be 

multiplied by 0.10 per cent and the corresponding result shall then be divided by 365 

(respectively 366 in a leap year) on a daily basis.

Fixed Booking Fee per million

IRS, OIS and FRA Notional 

Amount in Trade Currency

Minimum Booking Fee (floor) per 

IRS, OIS and FRA Transaction

Maximum Booking Fee (cap) per 

IRS, OIS and FRA Transaction

EUR 0.10

(in case the relevant Trade 

Currency is not Euro, the same 

amount (0.10) shall be applied in 

the relevant Trade Currency 

without currency conversion)

EUR 10.00

(if the Trade Currency is not Euro, 

the amount shall be converted in 

the respective Trade Currency of 

the product. The conversion 

calculation is based on the daily 

exchange rate provided by the 

European Central Bank)

EUR 30.00

(if the Trade Currency is not Euro, 

the amount shall be converted in 

the respective Trade Currency of 

the product. The conversion 

calculation is based on the daily 

exchange rate provided by the 

European Central Bank)
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10.4 Rebate Scheme for Clearing Members’ Own Accounts

The rebate scheme outlined in this Number 10.4 shall apply exclusively to Clearing 

Members pursuant to Chapter I Part 1 Number 1.1.3 of the Clearing Conditions, whom 

ECAG has granted access to this rebate scheme. Basic Clearing Members pursuant to 

Chapter I Part 1 Number 1.1.4 of the Clearing Conditions shall be exempted from this 

rebate scheme.

(1) The rebates (as specified below) are exclusively based on the cumulated cleared 

notional in relation to OTC Interest Rate Derivative Transactions that have been 

booked on proprietary accounts of a Clearing Member and are applicable to the OTC 

Interest Rate Derivative Booking Fee calculated based on the Standard Pricing Model.

(2) ECAG will grant Clearing Members access to the rebate scheme exclusively upon 

request. The receipt of such request will initiate a one-month processing period. The 

participation of the relevant Clearing Member in the rebate scheme will begin on the 

first Business Day of the calendar month following such processing period. ECAG will 

invoice the respective Clearing Member a corresponding annual fixed fee in 12 equally 

divided instalments, payable for each month of the rebate scheme at the beginning of 

each following month.

(3) The cumulated cleared notional calculation is based on a 12-month period starting on 

the day ECAG granted the Clearing Member access to the rebate scheme and ending 

after 12 months. The access of the relevant Clearing Member to the rebate scheme 

shall be automatically extended to another 12 months, unless the relevant Clearing 

Member has terminated its participation in the rebate scheme with a notice period of 

one month prior to the end of the relevant 12-month period. When calculating the 

applicable rebates, the cumulated cleared notional since the beginning of the 12-month

period is taken into account. The calculation of the respective cumulated cleared 

notional shall be made in Euro. Notionals in other currencies shall be converted to Euro 

based on the last exchange rate of the European Central Bank for the relevant 

calendar month. Furthermore, the cumulation and rebate calculation is performed on 

the proprietary account. The rebates will be granted per trade in the trade currency of 

the product. 

(4) Once the Clearing Member exceeds the cumulated cleared notional threshold, 

corresponding to the chosen rebate pack, a lower rebate on the OTC Interest Rate 

Derivative Booking Fee calculated based on the Standard Pricing Model will be applied 

till the end of the respective one year period.

(5) The rebate calculation for transactions in a certain month of the 12-month period is 

performed as follows: 

Let v be the cleared notional of an OTC Interest Rate Derivative Transaction in the 

given month and N be the cumulated cleared notional of all relevant OTC Interest 

Rate Derivative Transactions since the start of the 12-month period mentioned above.

Let for example be N ≤ Threshold.
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If N + v ≤ Threshold, then the OTC Interest Rate Derivative Booking Fee for the 

transaction with cleared notional v will receive a rebate of 100 per cent.

If N + v > Threshold, then the OTC Interest Rate Derivative Booking Fee for the 

transaction with cleared notional v will receive a rebate of R per cent.

a) Rebate scheme for IRS, OIS and FRA:

Gold pack Silver pack Bronze pack

Fixed fee (million Euro) per annum per pack 2.75 1.75 0.75

Threshold: cumulated cleared notional in billion Euro no threshold 2,000 200

Rebate (R) in % on the OTC Interest Rate Derivative 

Booking Fee calculated based on the Standard Pricing 

Model (above threshold) 

n.a. 75% 75%

b) Rebate scheme for ZCIS:

Gold pack Silver pack

Fixed fee per annum per pack EUR 375,000 EUR 70,000

Threshold: cumulated cleared notional in billion Euro no threshold 8

Rebate (R) in % on the OTC Interest Rate Derivative 

Booking Fee calculated based on the Standard Pricing 

Model (above threshold) 

n.a. 60%

10.5 Fees for Post Trade Events

For Multilateral Compression and Trade Netting pursuant to Chapter VIII Part 2 Numbers 

2.5 and 2.6 of the Clearing Conditions, ECAG charges transaction fees as follows:

Trade Netting Fees

For notional amounts terminated within the third netting level ("Rate Blending"), ECAG 

charges fees according to the table below. Notional amounts terminated within the first 

netting level (“Basic Netting”) or the second netting level (“Fee Netting”) are not subject to 

fees.

Clearing Fees for notional amounts terminated due to Rate Blending

Transactions Fixed Fee in trade currency per million trade notional 

terminated, where applicable exclusive of the notional of the 

resulting trade(s)

Terminated Trade 0.3

Resulting Trade Fees are calculated in accordance with Standard Pricing Model, 

High Turnover Pricing Model for Registered Customers and rebate 

scheme for Clearing Members’ Own Accounts as applicable 

pursuant to Numbers 10.2 to 10.4
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Multilateral Compression

For Multilateral Compression, ECAG charges fees for notional amounts terminated 

pursuant to Chapter VIII Part 2 Number 2.5 of the Clearing Conditions according to the 

table below:

Clearing Fees for notional amounts terminated due to Multilateral Compression

Transactions Fixed Fee in trade currency per million trade notional 

terminated, where applicable exclusive of the notional of the 

resulting trade(s)

Terminated Trade 0.15

Resulting Trade Fees are calculated in accordance with the Standard Pricing Model 

and the rebate scheme for Clearing Members’ Own Accounts as 

applicable pursuant to Numbers 10.2 and 10.4. 

11. Clearing Fees and Service Fees for Securities Lending Transactions

For Securities Lending Transactions pursuant to Chapter IX of the Clearing Conditions, 

ECAG, as of 1 April 2013, shall charge fees for the clearing and settlement of Securities 

Lending Transactions and for the maintenance of and additional services with respect to 

open Securities Lending Transactions – as far as such Securities Lending Transactions 

have been novated by ECAG pursuant to Chapter IX of the Clearing Conditions (“CCP 

Transaction”) – as follows:

11.1 Clearing Fees

Booking Fees

For the processing of novation, opening and closing of Securities Lending Transactions, 

fees according to below-listed table shall be charged:

Booking Fees for Novated Securities Lending Transactions

Transactions Fixed Fee per Novated Transaction

Lender Borrower

Transaction Currency EUR n.a. EUR 10.00

Transaction Currency USD n.a. USD 15.00

Maintenance Fees

For the maintenance of open Securities Lending Transactions ECAG shall charge fees for 

each day a Securities Lending Transaction is open. A value-based fee shall be charged 

according to the following table:

Maintenance Fees for Open Securities Lending Transactions

Transactions Value-Based Fee per Open Transaction 

Lender Borrower

Equity and ETF Loans 0.005 % p.a. 0.020 % p.a.
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Maintenance Fees for Open Securities Lending Transactions

Transactions Value-Based Fee per Open Transaction 

Lender Borrower

Fixed Income Securities Loans 0.003 % p.a. 0.012 % p.a.

Financing Loans 0.004 % p.a. 0.016 % p.a.

11.2 Service Fees

For the utilisation of the services offered by Eurex Clearing AG in connection with 

Securities Lending Transactions, the following fees shall be charged:

Collateral Management Servicing Fees

Eurex Clearing AG shall charge from Borrowers the collateral management servicing fees 

charged from it by Tri-Party Collateral Agent Euroclear Bank NV/SA for each day a 

Securities Lending Transaction is open. The collateral management servicing fee is based

on the outstanding principal collateral allocated by a Borrower to Eurex Clearing AG on a 

daily basis. The fee shall be charged according to the following table:

Collateral Management Servicing Fees

Transactions Value-Based Fee per Open Transaction

Lender Borrower

Loans secured by Non-Cash Principal 

Collateral provided at Tri-Party 

Collateral Agent Euroclear Bank 

NV/SA

n.a. 0.0015% p.a.

Service Fees for Dispute Resolution Procedure

Pursuant to Number 15.1 of the Dispute Resolution Rules in connection with a Dispute 

Resolution Procedure in accordance with the Dispute Resolution Rules, Service Fees will 

be charged from the Lender Clearing Members or Borrower Clearing Members. The fee 

shall be charged according to the following table:

Service Fees for Dispute Resolution Procedure

Service Fixed Fee per Procedure

Dispute Resolution Procedure EUR 5,000.00

12. Due Dates

(1) The fees to be paid for the clearing membership pursuant to Number 1 (including 

the membership as a Basic Clearing Member) (“Clearing Membership”) shall be 

due for payment as follows:

a) The admittance fee pursuant to Number 1 Paragraph 1 letter a) shall be due 

for payment at the time of the granting of the Clearing Membership.
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b) The annual fees pursuant to Number 1 Paragraph 1 letter b) shall be payable 

by the end of the month of January.

If a Clearing Membership is granted after the first quarter of the calendar year, the 

annual fee for such year shall be calculated on a pro rata basis based on the 

remaining calendar quarters, including the quarter of admission; such fee shall be 

payable upon receipt of an invoice.

In case the Clearing Member resigns the clearing license, ECAG shall remunerate 

the fee for the current year on a pro-rata basis. The portion of the fees which would 

be charged for the quarters following the resignation shall be remunerated.

(2) The connection fees pursuant to Number 2 shall be due for payment upon receipt 

of the invoice.

(3) The transaction fees or service fees pursuant to Number 3, to Number 9 shall be 

due for paymenton the third Exchange day of the calendar month following the 

relevant transaction or the use of the relevant services.

(4) Transaction fees according to Number 5, Number 6 and Number 9 in the 

currencies CNY, SEK, JPY, AUD and CAD are charged to the Clearing Member in 

EUR, USD, CHF or GBP. The Clearing Member is obligated to give notice in which 

of such currencies the transaction fees shall be charged (invoice currency). The 

invoice currency may be changed by the Clearing Member at any time. When 

issuing the invoice, the invoice currency which the Clearing Member has indicated 

until the last calendar day of the invoice month shall be considered. In case the 

Clearing Member does not indicate an invoice currency, ECAG is authorized to 

issue the invoice in EUR, USD, CHF or GBP.

Transaction fees according to Number 3.10, Number 4, Number 5, Number 6 and 

Number 9 in the currencies USD and GBP can also be charged to the Clearing 

Member in the invoice currency requested by the Clearing Member provided that 

the Clearing Member expressly gives notice about this.

The conversion of the transaction fees into the invoice currency shall take place at 

the last exchange rate of the European Central Bank published in the invoice 

month.

(5) The service fees for an intra-day exchange of collaterals pursuant to Number 10 

shall be due for payment on the third Exchange day of the calendar month 

following such exchange.

13. Applicable Law and Place of Jurisdiction

(1) This Price List shall be subject to the laws of the Federal Republic of Germany.

(2) Exclusive place of jurisdiction for any disputes arising in relation with this Price List 

shall be Frankfurt / Main.
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14. Amendments and Supplements

(1) ECAG reserves the right to amend to and/or supplement the Price List.

(2) Any amendments and / or supplements to the Price List shall be announced to the 

Clearing Members no later than ten Business Days prior to their taking effect.

(3) The Clearing Member accepts the amendments to the Price List, provided it does 

not file an objection in writing with ECAG, within 10 Business Days after the 

publication. In the case of an objection against the amendments to the Price List, 

ECAG reserves the right to terminate the Clearing License of the respective 

Clearing Member pursuant to Chapter I Part 1 Number 7.2.1 (4) and Part 6 Number 

10.2 et seq of the Clearing Conditions.

(4) The respective version of the Price List valid at the time is available for download 

on the internet (www.eurexclearing.com).