clear to trade 

Christopher Kirkpatrick 

Secretary 

Commodity Futures Trading Commission 

1155 21st Street NW 

Three Lafayette Centre 

Washington, DC 20581 

December 16, 2016 

Re: Submission of Swaps for the Commission's Mandatory Clearing Determination 

Dear Mr. Kirkpatrick, 

Eurex Clearing AG ("Eurex Clearing"), a derivatives clearing organization ("DCO") registered 

with the Commodity Futures Trading Commission (the "Commission· or "CFTC"), is submitting the 

following contracts (the "Contracts") for the Commission's mandatory clearing determination under 

Commission Regulation 39.S(b): 

Interest Rate Swaps: 

Products: 

- interest rate swaps (including basis swaps and zero coupon swaps) ("IRS"), and 

- forward rate agreements ("FRA"). 

Currencies: 

Danish Krone ("DKK"), Swedish Krona ("SEK"), Norwegian Krone ("NOK"), and Polish Zloty ("PLN") 

There currently is no mandate in place for any IRS or FRA denominated in DKK, SEK, NOK, or PLN. 

Eurex Clearing does not presently plan to offer the Contracts to U.S. Clearing Members under its 

DCO registration but may do so in the future. Eurex Clearing is eligible to accept the Contracts and, 

in the event that the Contracts were required to be cleared, would be able to maintain compliance. 

Required Information under Commission Regulation 39.5(b)(3) 

The existence of significant outstanding notional exp osures, trading liquidity, and adequate 

pricing data 

There currently is no outstanding notional exposures or trading liquidity in the Contracts. 

Updated daily figures for the notional exposures are provided daily at: 

http://www.eurexclearing.com/clearing-en/markets-services/eurex-otc-clear/interest-rateswaps/clearing-volume . 

In addition, settlement prices are provided at: 

EGre• cl e a tln l 

Eurex Clearing AG 

Mergenthaleranee 61 

65760 Eschborn 

Maifing address: 

60485 Frankfurt/Main 

T 312·544-1087 

F 312·544·1001 

eric.selnsheimer@ 

eurexchange.com 

Internet: 

www.eurexdearing.com 

Chairman of the 

Supervisory Board: 

Hugo Bllnziger 

Executive Board: 

Erik Tim MOiier (CEO). 

Helke Eckert (Deputy CEO), 

Matthias Graulich, 

Thomas Laux, 

Manfred Matusza 

Aktiengesellschafl mil 

Sitz In Frankfurt/Main 

HRB Nr. 44828 

USl·ldNr. OE194821553 

Amtsgerichl 

Frankfurt/Main 
http://www.eurexclearing.com/clearing-en/markets-services/eurex-otc-clear/interest-rateswaps/settlement-prices. 

Chapter VIII, Part 2, Number 2.1.5 (Daily Evaluation Price) of Eurex Clearing's Clearing Conditions 

("Clearing Conditions") provides that 

"Eurex Clearing AG determines the daily evaluation price on the basis of the fixings published 

on the Reuters screen page as defined for the relevant floating rate in Number 2.2. 5 Paragraph 

(1) below and the discount and forecast curve provided by a recognised third party provider. 

Where no information on the relevant rates is available on the relevant screen page, Eurex 

Clearing AG will determine the daily evaluation price based on quotes obtained from major 

banks in accordance with Number 2.2.5 Paragraph (9) below." 

Eurex Clearing believes use of Reuters is adequate because it is a readily available conventional 

source. Eurex Clearing receives certain pricing data from Tullett Prebon as well, as a recognised 

third party provider. 

The Clearing Conditions are available for download at: https://www.eurexclearing.com/clearingen/resources/rules-and-regulations. 

The availability of rule framework, capacity, operational exp ertise and resources, and credit 

support infrastructure to clear the contract on terms that are consistent with the material 

terms and trading conventions on which the contract is then traded 

Eurex Clearing already has a well-developed rule framework and support infrastructure for 

clearing the Contracts. Eurex Clearing intends to leverage this existing operational capacity when 

clearing the Contracts on the DCO. Eurex Clearing ensures that it has the appropriate risk 

management, operations, and technology capabilities in place to ensure that it is able to liquidate 

positions in the Contracts in an order manner in the event of a default. The Contracts are subject to 

margin and clearing fund requirements set forth the Clearing Conditions. 

The effect on mitigation of systemic risk, taking Into account the size of the market for s uch 

contract and the resources of the DCO available to clear the contract 

The benefits of central clearing of the Contracts through Eurex Clearing are significant, 

including reduction of counterparty risk, margin and collateral efficiencies, client asset segregation, 

and legal certainty. With an overall collateral pool of EUR 57 billion, Eurex Clearing's stress-tested 

lines of defense, and around 190 Clearing Members from 17 countries, Eurex Clearing has the 

necessary resources to clear the Contracts from a market size and resources perspective. 

The effect on competition, Including appropriate fees and charges applied to clearing 

Eurex Clearing does not believe that its clearing of the Contracts will have a negative or 

material impact on the competition. The fee schedules for the Contracts are attached as Exhibit A. 

The existence of reasonable legal certainty in the event of the insolvency of the relevant DCO 

or one or more of its Clearing Members with regard to the treatment of customer and swap 

counterparty positions, funds and property 

Eurex Clearing observes the "Principles for financial market infrastructures" published by the 

Committee on Payment and Settlement Systems and International Organisation of Securities 

Commissions (the "PFMls"). In February 2015, Eurex Clearing published an assessment of its 

compliance with the PFMls, including the conclusion that it fully complies with the PFMls. This 

assessment and conclusion was reviewed and validated by KPMG as an independent outside 

auditor. This assessment is available at: 

http://www.eurexclearing.com/blob/148684/58e6fe89e3f54ebe169e530ac2235b43/datafcpss-ioscopfmi assessment 2014 en.pdf. 

2 
As part of this assessment, Eurex Clearing's default management procedures were 

assessed to be certain in the event of its or its Clearing Members' insolvency with regard to the 

treatment of customer and counterparty positions and collateral. 

Eurex Clearing also has previously provided a legal memorandum to the Commission on the 

ring-fenced treatment of cleared swaps customer collateral pursuant to Part 22 of the Commission's 

regulations. 

A potential insolvency of Eurex Clearing and the operation of default management 

procedures under the Clearing Conditions would be governed by German Law, except for certain 

Clearing Conditions that relate to cleared swaps customer collateral that are governed by U.S. 

federal laws. 

Further information CCFTC Regulation §39.S(b)(iii-viii) 

Product terms of the Contracts are market standard and follow the 2000 and 2006 ISDA 

Derivatives Definitions. 

Participant eligible standards are the same as Eurex Clearing's general Clearing Member 

standards. 

There are no additional price sources required as prices are readily available from the price 

sources already used by Eurex Clearing. 

Eurex Clearing has a sound framework for the comprehensive management of all material 

risks. In this regard Eurex Clearing has established documented policies, procedures, and systems 

to identify, monitor, and manage such risks. 

The rules, policies, and procedures that apply to the clearing of the Contracts are set forth in 

the Clearing Conditions. 

The maximum remaining term for IRS denominated in DKK. SEK, and NOK is no more than 

30 years and 10 business days, and for IRS denominated in PLN is no more than 10 years and 10 

business days. The maximum remaining term for in FRA denominated in SEK is no more than 36 

months and 10 business days, and for FRA denominated in DKK, NOK, and PLN is no more than 24 

months and 10 business days. The minimum term for IRS or FRA denominated in PLN is at least 

one business day, and for IRS or FRA denominated in DKK, SEK, and NOK is at least two business 

days. 

Eurex Clearing is providing notice of this submission to Clearing Members by posting this 

submission under the CFTC DCO Filings webpage at: http://www.eurexclearing.com/clearingen/resources/cftc-dco-filings. 

If you have any questions, please contact Eric Seinsheimer, US Compliance Officer. Eurex 

Clearing AG, at eric.seinsheimer@eurexchange.com or (312) 544-1087. 

Yours faithfully, 

Eric Seinsheimer 

US Compliance Officer, Eurex Cleaing AG 

3 
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

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 / Recording of Derivatives Transactions (Trade)......................................... 7

Order Book Transactions ................................................................................................... 7

Off-Book Transactions ..................................................................................................... 15

3.2 Rebates ........................................................................................................................... 23

Market Making Rebates for Products without Market Making in Option 

Strategies ......................................................................................................................... 23

Market Making Rebates for Products with Market Making in Option 

Strategies ......................................................................................................................... 25

Volume Rebates............................................................................................................... 26

Rebates for Order Book Transactions in Money Market Futures Strategies ................... 31

3.3 Position Closing Adjustments...................................................................................... 31

3.4 Cash Settlement............................................................................................................. 34

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

(Notification)................................................................................................................... 37

3.6 Allocation of the Bonds / Swaps / currency to be delivered (Allocation) ................ 38

3.7 Exercise of Options ....................................................................................................... 38

3.8 Assignment of Options ................................................................................................. 40

3.9 Delivery resulting from Futures.................................................................................... 41

3.10 Position Transfer with Cash Transfer.......................................................................... 41

3.11 Physical Delivery resulting from Derivatives Positions and 

Combination Transactions Option-Share.................................................................... 41

Clearing Fees................................................................................................................... 41
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 2

3.11.1.1 Physical Delivery from Derivatives Positions................................................................... 41

3.11.1.2 Physical Delivery from Combination Transactions Option-Share.................................... 42

Fees for Delivery Management........................................................................................ 42

Settlement Fees ............................................................................................................... 43

3.12 Fees for the CMF Market Integrity Process (GMEX IRS Constant 

Maturity Futures)............................................................................................................ 44

3.13 Self-Match Prevention ................................................................................................... 44

3.14 Maintenance Fees .......................................................................................................... 45

3.15 Average Price Processing............................................................................................. 45

4. Transaction Fees of Eurex Bonds GmbH.................................................................... 46

4.1 Transaction Fees of Transactions regarding Danish Securities with 

Settlement in the Home Market Denmark (“Homemarket-Transactions”) ............... 46

5. Transaction Fees of Eurex Repo GmbH ...................................................................... 46

6. Transaction Fees of the Frankfurt Stock Exchange (Frankfurter 

Wertpapierbörse, FWB)................................................................................................. 47

6.1 Clearing Fees.................................................................................................................. 48

Xetra transactions in Shares and Other Non-Fixed Income Securities ........................... 48

Xetra Frankfurt Specialist transactions in Shares and Other Non-Fixed 

Income Securities............................................................................................................. 50

6.2 Fees for Delivery Management..................................................................................... 50

6.3 Settlement Fees.............................................................................................................. 51

7. Transaction Fees Irish Stock Exchange (ISE)............................................................. 52

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

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

Securities Lending Transactions ................................................................................. 52

8.1 Special Service Fees Eurex Deutschland and Eurex Zürich ..................................... 53

Service Fees for Provision of Gross Delivery Management (without Netting 

Agreement) for Combination Transactions Option-Share ............................................... 53

8.2 Special Service Fees Frankfurter Wertpapierbörse ................................................... 53
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 3

Service Fees for Provision of Gross Delivery Management ............................................ 53

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

in Shares and Other Non-Fixed Income Securities ......................................................... 54

8.2.1.2 Gross Delivery Management with Netting Agreement (“Extended Net Service”) for 

Transactions in Shares and Other Non-Fixed Income Securities.................................... 54

Service Fees for FWB Trading Participants not authorized to Clearing .......................... 55

Service Fees for Master Data Management .................................................................... 55

8.3 General Service Fees..................................................................................................... 56

Service Fees for Gross Delivery Management ................................................................ 56

Service Fees for Provision of Data via Online Requests ................................................. 56

Service Fees for Marking and Recording of Blocked Transactions................................. 56

Service Fees for Provision of Reports ............................................................................. 57

Service Fees for Master Data Management .................................................................... 58

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

provided for the Fulfilment of Own Funds or equivalent Regulatory 

Capital Requirements .................................................................................................... 58

9.1 Service Fees for Eligible Margin Assets in the Form of Cash................................... 58

9.2 Service Fees for Eligible Margin Assets in the Form of Securities .......................... 59

9.3 Service Fees for intra-day Exchange of Eligible Margin Assets............................... 59

9.4 Service Fees for Clearing Fund Contributions ........................................................... 60

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

equivalent Regulatory Capital Requirements ............................................................. 60

10. Transaction Fees for OTC Interest Rate Derivative Transactions ............................ 60

10.1 Clearing Fees.................................................................................................................. 60

10.2 Standard Pricing Model................................................................................................. 61

Booking Fee per OTC Interest Rate Derivative Transaction ........................................... 61

Booking Fee per OTC Interest Rate Derivative Transaction for Trade 

Transfer............................................................................................................................ 62

Booking Fee per OTC Interest Rate Derivative Transaction for Backloading ................. 63

Rebate scheme on the OTC Interest Rate Derivative Booking Fee for 

Registered Customers ..................................................................................................... 63
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 4

Maintenance Fee ............................................................................................................. 64

Rebate scheme on the Maintenance Fee for Registered Customers.............................. 64

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

Customers ...................................................................................................................... 65

Booking Fee..................................................................................................................... 65

Booking Fee for Trade Transfer....................................................................................... 67

Booking Fee for Backloading ........................................................................................... 67

Maintenance Fee ............................................................................................................. 67

10.4 Rebate Scheme for Clearing Members’ Own Accounts............................................. 67

10.5 Fees for Post Trade Events........................................................................................... 69

Trade Netting Fees .......................................................................................................... 69

Multilateral Compression ................................................................................................. 69

11. Clearing Fees and Service Fees for Securities Lending Transactions .................... 69

11.1 Clearing Fees.................................................................................................................. 70

Booking Fees ................................................................................................................... 70

Maintenance Fees ........................................................................................................... 70

11.2 Service Fees ................................................................................................................... 70

Collateral Management Servicing Fees........................................................................... 70

Service Fees for Dispute Resolution Procedure.............................................................. 71

12. Due Dates........................................................................................................................ 71

13. Applicable Law and Place of Jurisdiction................................................................... 72

14. Amendments and Supplements ................................................................................... 72
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 5

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”) as well as of the Conditions for Utilization of the Eurex Trade Entry 

Services (“General Conditions for Participation”), 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 
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 6

other Clearing License for which the annual fee is applicable, until this clause is 

revoked in writing.

(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/recording, administration 

and regulation of transactions on Eurex Deutschland and Eurex Zürich as well as options 

and futures transactions concluded off-book pursuant to Chapter II of the Clearing 

Conditions.

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 defined in Part 4 of the Conditions for 

Trading at Eurex Deutschland and Eurex Zürich.

Where M-Position 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 Eurex Clearing AG to be charged P-Position 

Account fees for all transactions on their M-Position Accounts. In this case, Market 

Making rebates in these products or product segments are not applicable even if Market 

Making obligations are fulfilled. Otherwise, the regulations concerning the transaction 

accounts shall remain unaffected.

In general, transaction fees for FX Derivatives (FX-Futures and FX-Options) are charged 

in USD. Alternatively, Eurex Clearing AG offers Clearing Members, Non-Clearing 

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.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 7

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 whose 

transactions they clear.

3.1 Matching / Recording of Derivatives Transactions (Trade)

Order Book Transactions

For transactions executed via the order book on the Eurex Exchanges, the following fees 

per contract apply. For some products specified in the table below, a reduced fee is 

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

transactions booked on M-Accounts, the fee defined in the “Standard Fee” category is 

applied.

Sentence 3 does not apply to Stock Futures that are correctly booked on M-accounts. In 

these cases, the sliding fee scale as defined in sentence 2 applies.

Contract1) Currency

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced Fee 

per Contract 

(contract

volume > 

threshold)

Threshold AAccounts

(number of 

contracts)

Threshold 

P-Accounts

(number of 

contracts)

Equity Derivatives

Stock Future 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 0.10 0.00 3,000 2,000

BR01, CA01, CA02, RU01, 

US01, US02

USD 0.15 0.00 3,000 2,000

CH01, CH02 CHF 0.15 0.00 3,000 2,000

GB01 GBP 0.08 0.00 3,000 2,000

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

DE11, DE12, DE13, DE142) EUR 0.15 0.08 1,000 500

AT11, AT12, BE11, BE12, 

BE13, ES11, ES12, ES13, 

FI11, FI12, FI13, FI14, FR11, 

FR12, FR13; FR14, IE11, 

IT11, IT12, IT13, NL11, NL12, 

NL13, NL14, SE11, US11

EUR 0.10 0.05 1,000 500

CH11, CH12, CH13, CH143) CHF 0.20 0.10 1,000 500

GB11 GBP 0.15 0.08 1,000 500

RU11, RU12 USD 0.15 0.08 1,000 500

Equity Index Derivatives

Futures

ATX® Futures EUR 0.30 n. a.

ATX®five Futures EUR 0.30 n. a.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 8

Contract1) Currency

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced Fee 

per Contract 

(contract

volume > 

threshold)

Threshold AAccounts

(number of 

contracts)

Threshold 

P-Accounts

(number of 

contracts)

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® Futures4)

EUR 0.25 n. a.

TecDAX® Futures EUR 0.20 n. a.

Eurex Daily Futures-Contracts 

on KOSPI 200 Options5) KRW 0.04% n. a.

Eurex Daily Futures Contracts 

on Mini KOSPI 200 Futures5) KRW 0.0003% n.a

Daily Futures on TAIEX 

Futures

TWD 28,00 n. a.

Daily Futures on TAIEX 

Options

TWD 10,00 n. a.

Futures on STOXX®Indices

(denominated in EUR)

EUR 0.30 n. a.

Futures on STOXX®Indices 

(denominated in USD)

12) USD 0.60 n. a.

EURO STOXX 50® Variance 

Futures6)

EUR 0.30 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-25 Futures USD 0.30 n. a.

Options

ATX® Options EUR 0.30 0.15 3,000 2,000

ATX®five Options EUR 0.30 0.15 3,000 2,000

CECE® EUR Options EUR 0.30 0.15 3,000 2,000

DAX® Options EUR 0.50 0.25 3,000 2,000

DivDAX® Options EUR 0.75 0.38 3,000 2,000

MDAX® Options EUR 0.30 0.15 3,000 2,000
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 9

Contract1) Currency

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced Fee 

per Contract 

(contract

volume > 

threshold)

Threshold AAccounts

(number of 

contracts)

Threshold 

P-Accounts

(number of 

contracts)

TecDAX® Options EUR 0.20 0.10 3,000 2,000

MSCI Options

(denominated in EUR)

EUR 0,50 0,25 3,000 2,000

MSCI Options (denominated in 

USD)

USD 0.50 0.25 3,000 2,000

OMXH25 Options EUR 0.50 0.25 3,000 2,000

Options on STOXX®Indices7) EUR 0.30 0.15 3,000 2,000

RDX® EUR Options EUR 0.30 0.15 1,000 1,000

RDX® USD Options USD 0.40 0.20 1,000 1,000

Sensex Options USD 0.20 0.10 3,000 2,000

SLI - Swiss Leader Index®

Options

CHF 0.40 0.20 3,000 2,000

SMI® Options CHF 1.00 0.50 3,000 2,000

SMIM® Options CHF 0.40 0.20 3,000 2,000

Total Return Equity Index Derivatives

Futures

Total Return Futures on 

STOXX®Indices

(denominated in EUR)

EUR 0.60 n.a.

Index Dividend Derivatives

Index Dividend Futures

DAX® Kursindex

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

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

Index Dividend Options

EURO STOXX 50®

Index Dividend Options

EUR 1.20 n. a.

Derivatives on Exchange Traded Index Fund Shares

Futures
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 10

Contract1) Currency

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced Fee 

per Contract 

(contract

volume > 

threshold)

Threshold AAccounts

(number of 

contracts)

Threshold 

P-Accounts

(number of 

contracts)

iShares ETF Futures (in CHF) CHF 0.50 n. a.

iShares ETF Futures (in EUR) EUR 0.30 n. a.

Options

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

iShares ETF Options (in CHF) CHF 0.50 n. a.

iShares ETF Options (in EUR) EUR 0.30 n. a.

Lyxor ETF Options EUR 0.30 n. a.

Source ETF Sector Options EUR 0.30 n. a.

GMEX IRS Constant Maturity 

Futures

2-3 year GMEX IRS Constant 

Maturity Futures

EUR 1.00 n. a.

4-8 year GMEX IRS Constant 

Maturity Futures

EUR 0.50 n. a.

9-30 year GMEX Constant 

Maturity Futures 

EUR 0.25 n. a.

Volatility Index Derivatives

Futures

VSTOXX®-Mini Futures (FVS) EUR 0.20 n. a.

Options

VSTOXX®-Options EUR 0.30 n. a.

Interest Rate Derivatives

Futures

EUR Secured Funding

Futures8)

EUR 0.40 n.a.

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

30-year Euro Swap Futures

EUR 0.20 n.a.

CONF Futures CHF 0.30 n. a.

Three-Month EURIBOR 

Futures

EUR 0.20 n. a.

EONIA Futures9) EUR 0.40 n. a.

Euro Bobl Futures, 

Euro Bund Futures, 

Euro Buxl® Futures

Euro Schatz Futures, 

EUR 0.20 n. a.

Euro-Bono-Futures EUR 0.20 n.a.

Euro-BTP Futures,

Mid-Term-Euro-BTP Futures, 

Short-Term Euro-BTP Futures

EUR 0.20 n. a.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 11

Contract1) Currency

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced Fee 

per Contract 

(contract

volume > 

threshold)

Threshold AAccounts

(number of 

contracts)

Threshold 

P-Accounts

(number of 

contracts)

Euro-OAT-Futures,

Mid-Term-Euro-OAT Futures

EUR 0.20 n.a.

Options

Options on Three-Month 

EURIBOR Future,

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

Mid-Curve Options on ThreeMonth EURIBOR Future

EUR 0.20 n.a. 

Options on Euro Bobl Future,

Options on Euro Bund Future,

Options on Euro Schatz 

Future

EUR 0.20 0.10 4,000 4,000

Options on Euro-OAT Future EUR 0.20 n.a.

Property Index Derivatives 

Futures

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.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 12

Contract1) Currency

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced Fee 

per Contract 

(contract

volume > 

threshold)

Threshold AAccounts

(number of 

contracts)

Threshold 

P-Accounts

(number of 

contracts)

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.

FX Derivatives10)

Futures

FX-Futures USD 0.30 n. a.

FX-Futures (alternative fee 

currency CHF):

Sterling-Swiss Franc Futures,

Euro-Swiss Franc Futures,

US Dollar-Swiss Franc 

Futures

CHF 0.32 n. a.

FX-Futures (alternative fee 

currency GBP):

Euro-Sterling Futures

GBP 0.24 n. a.

Options

FX- Options USD 0.30 n. a.

FX-Options (alternative fee 

currency CHF):

Sterling-Swiss Franc Options,

Euro-Swiss Franc Options,

US Dollar-Swiss Franc 

Options

CHF 0.32 n. a.

FX-Options (alternative fee 

currency GBP):

Euro-Sterling Options

GBP 0.24 n. a.

Precious Metal Derivatives 

Futures
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 13

Contract1) Currency

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced Fee 

per Contract 

(contract

volume > 

threshold)

Threshold AAccounts

(number of 

contracts)

Threshold 

P-Accounts

(number of 

contracts)

Gold-Futures USD 0.70 n. a.

Silver-Futures USD 0.70 n. a.

Xetra-Gold®-Futures EUR 0.20 n. a.

Options

Gold-Options USD 0.70 n. a.

Silver-Options USD 0.70 n. a.

Xetra-Gold®- Options EUR 0.20 n. a.

Commodity Index Derivatives 

Futures

Futures on Bloomberg Indices USD 1.00 n. a.

Options

Options on Bloomberg Indices USD 1.00 n. a.

Derivates on Exchange-traded Commodities Securities

Futures

ETFS Physical Gold Futures USD 0.20 n. a.

ETFS WTI Crude Oil Futures USD 0.50 n. a.

Options

ETFS Physical Gold Options USD 0.20 n. a.

ETFS WTI Crude Oil Options USD 0.50 n. a.

Stock Dividend Futures with Group ID assigned in Annex D of the Eurex Contract Specifications11)

Dividend of 

the 

underlying 

stock

CH21

>= 1.00

CHF

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

DE21, BE21, 

ES21, FR21, 

FI21, GB23, 

IE21, NL21, 

IT21

>= 1.00

EUR

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

>= 1.00

GBP

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 >= 1.00 USD 1.20 n.a.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 14

Contract1) Currency

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced Fee 

per Contract 

(contract

volume > 

threshold)

Threshold AAccounts

(number of 

contracts)

Threshold 

P-Accounts

(number of 

contracts)

0.75 – 0.99 1.00

0.50 – 0.74 0.80

0.25 – 0.49 0.60

< 0.25 0.20

US21, US22

>= 1.00

USD

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

1) The fees already accumulated in connection with a transaction pursuant to Number 3.1.1.1 of the Price List 

will be cancelled, if such transaction was rescinded pursuant to the regulations under Number 2.7 of the 

Conditions for Trading at Eurex Deutschland and Eurex Zürich.

2) For German Stock Options, the standard fee per contract for transactions booked on P-Accounts or MAccounts respectively is 0.10 EUR. The reduced fee per contract for transactions booked on P-Accounts is 

0.05 EUR.

3) For Swiss Stock Options, the standard fee per contract for transactions booked on P-Accounts or MAccounts respectively is 0.15 CHF. The reduced fee per contract for transactions booked on P-Accounts is 

0.08 CHF.

4) For Mini-DAX Futures, the standard fee per contract for transactions booked on P-Accounts or M-Accounts 

respectively is 0.20 EUR.

5) 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 percentage from the table above times the traded price 

times the contract value of 500,000 South Korean Won (KRW).

 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 percentage from the table above times the traded 

price times the contract value of 100,000 South Korean Won (KRW).

6) For EURO STOXX 50® Variance Futures the standard fee per contract for transactions booked on PAccounts or M-Accounts respectively is 0.20 EUR.

7) For EURO STOXX 50® Index Options (OESX), there is a second threshold for the reduced Fee per 

Contract (contract volume > 2. threshold) for transactions on P-Accounts. For all contracts above 10,000 

per transaction the standard fee of 0.30 EUR will be reduced by 75% resulting in 0.075 EUR.

8) For EUR Secured Funding Futures, the standard fee per contract for transactions booked on P-Accounts or 

M-Accounts respectively is 0.20 EUR.

9) For EONIA Futures, the standard fee per contract for transactions booked on P-Accounts or M-Accounts 

respectively is 0.20 EUR.

10) For FX Derivatives (FX-Futures and FX-Options) the standard fee per contract for transactions booked on 

P-Accounts is 0.15 USD respectively 0.12 GBP or 0.16 CHF when the alternative fee currency has been 

chosen.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 15

Contract1) Currency

Standard 

Fee per 

Contract 

(contract 

volume ≤ 

threshold)

Reduced Fee 

per Contract 

(contract

volume > 

threshold)

Threshold AAccounts

(number of 

contracts)

Threshold 

P-Accounts

(number of 

contracts)

11) The fee classification for an individual Single Stock Dividend Future shall be based on the relevant dividend 

amount for such Single Stock Dividend Future on the reference date and shall become effective on 

September 1. The reference 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 

succeeding year. 12) For Futures on STOXX®Indices (denominated in USD), the standard fee per contract 

for transactions booked on P-Accounts or M-Accounts respectively is 0.50 USD.

Off-Book Transactions

(1) For transactions executed off-book and entered into the Eurex System via the Eurex 

Trade Entry Services (as described in theGeneral Conditions for Participation), the 

following fees per contract apply. For some products specified in the table below a 

reduced fee is applied on the contract volume of an off-book transaction entered into 

the Eurex System that exceeds the defined threshold. For transactions booked on MAccount the fee defined in the “Standard Fee” category is applied.

Sentence 3 does not apply to transactions in stock futures that are correctly booked 

on M-accounts. In these cases the sliding fee scale as defined in sentence 2 applies.

(2) For off-book transactions in products other than stock options/LEPOs and Options on 

Interest Rate Futures that are entered into the Eurex System via the Eurex Trade 

Entry Service for multilateral trades (Multilateral Trade Registration Service) the 

standard fee is applicable on the entire volume of the transaction. In these cases, the 

reduced fee is not applied.

Contract Currency

Standard 

Fee per 

Contract 

(contract

volume ≤

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

A-Accounts 

(number of 

contracts)

Threshold 

P-Accounts 

(number of 

contracts)

Equity Derivatives

Stock 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 0.15 0.00 3,000 2,000

BR01, CA01, CA02, RU01, 

US01, US02

USD 0.23 0.00 3,000 2,000

CH01, CH02 CHF 0.23 0.00 3,000 2,000

GB01 GBP 0.12 0.00 3,000 2,000

Stock Options/LEPOs with Group ID assigned in Annex B of the Eurex Contract Specifications1)
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 16

Contract Currency

Standard 

Fee per 

Contract 

(contract

volume ≤

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

A-Accounts 

(number of 

contracts)

Threshold 

P-Accounts 

(number of 

contracts)

DE11, DE12, DE13, DE142) EUR 0.15 0.08 1,000 500

AT11, AT12, BE11, BE12, 

BE13, ES11, ES12, ES13, 

FI11, FI12, FI13, FI14, FR11, 

FR12, FR13, FR14, IE11, 

IT11, IT12, IT13, NL11, NL12, 

NL13, NL14, SE11, US11

EUR 0.10 0.05 1,000 500

CH11, CH12, CH13, CH143) CHF 0.20 0.10 1,000 500

GB11 GBP 0.15 0.08 1,000 500

RU11, RU12 USD 0.15 0.08 1,000 500

Equity Index Derivatives

Futures

ATX® Futures EUR 0.45 n. a.

ATX®five Futures EUR 0.45 n. a.

CECE® EUR Futures EUR 0.45 n. a.

DAX® Futures EUR 0.75 n. a.

DivDAX® Futures EUR 0.45 n. a.

MDAX® Futures EUR 0.45 n. a.

Mini-DAX® Futures4)

EUR 0.37 n. a.

TecDAX® Futures EUR 0.30 n. a.

Eurex Daily Futures Contracts 

on KOSPI 200 Options5) KRW 0.04% n. a.

Eurex Daily Futures Contracts 

on Mini KOSPI 200 Futures5) KRW 0.0003% n. a.

Daily Futures on TAIEX 

Futures TWD 38,00 n. a.

Daily Futures on TAIEX 

Options

TWD 14,00 n. a.

Futures on STOXX®Indices

(denominated in EUR) EUR 0.45 n. a.

Futures on STOXX®Indices

(denominated in USD) 12) USD 0.90 n. a.

EURO STOXX 50® Variance 

Futures6) EUR 0.45 n. a.

MSCI Futures

(denominated in EUR)

EUR 0.75 n. a.

MSCI Futures

(denominated in GBP) GBP 0.75 n. a.

MSCI Futures

(denominated in USD)

USD 0.75 n. a.

OMXH25 Futures EUR 0.75 n. a.

RDX® EUR Futures EUR 0.45 n. a.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 17

Contract Currency

Standard 

Fee per 

Contract 

(contract

volume ≤

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

A-Accounts 

(number of 

contracts)

Threshold 

P-Accounts 

(number of 

contracts)

RDX® USD Futures USD 0.60 n. a.

Sensex Futures USD 0.30 n. a.

SLI - Swiss Leader Index®

Futures CHF 0.30 n. a.

SMI® Futures CHF 0.60 n. a.

SMIM® Futures CHF 0.30 n. a.

TA-25 Futures USD 0.30 n. a.

Options

ATX® Options EUR 0.30 0.15 3,000 2,000

ATX®five Options EUR 0.30 0.15 3,000 2,000

CECE® EUR Options EUR 0.30 0.15 3,000 2,000

DAX® Options EUR 0.50 0.25 3,000 2,000

DivDAX® Options EUR 0.75 0.38 3,000 2,000

MDAX® Options EUR 0.30 0.15 3,000 2,000

TecDAX® Options EUR 0.20 0.10 3,000 2,000

MSCI Options

(denominated in EUR)

EUR 0.50 0.25 3,000 2,000

MSCI Options (denominated in 

USD)

USD 0.50 0.25 3,000 2,000

OMXH25 Options EUR 0.50 0.25 3,000 2,000

Options on STOXX®Indices7) EUR 0.30 0.15 3,000 2,000

RDX® EUR Options EUR 0,30 0,15 1.000 1.000

RDX® USD Options USD 0.40 0.20 1,000 1,000

Sensex Options USD 0.20 0.10 3,000 2,000

SLI - Swiss Leader Index®

Options

CHF 0.40 0.20 3,000 2,000

SMI® Options CHF 1.00 0.50 3,000 2,000

SMIM® Options CHF 0.40 0.20 3,000 2,000

Total Return Equity Index Derivatives

Futures

Total Return Futures on 

STOXX®Indices

(denominated in EUR)

EUR 0.60 n.a.

Index Dividend Derivatives

Index Dividend Futures

DAX® Kursindex

Index Dividend Futures

EUR 3.00 n. a.

DivDAX®

Index Dividend Futures

EUR 3.00 n. a.

EURO STOXX 50®

Index Dividend Futures

EUR 1.80 n. a.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 18

Contract Currency

Standard 

Fee per 

Contract 

(contract

volume ≤

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

A-Accounts 

(number of 

contracts)

Threshold 

P-Accounts 

(number of 

contracts)

EURO STOXX® Sector

Index Dividend Futures

EUR 1.80 n. a.

EURO STOXX® Select 

Dividend 30

Index Dividend Futures

EUR 1.80 n. a.

SMI®

Index Dividend Futures

CHF 2.40 n. a.

STOXX® Europe 600 Sector 

Index Dividend Futures

EUR 1.80 n. a.

Index Dividend Options Contracts

EURO STOXX 50®Index 

Dividend Options

EUR 1.20 n. a.

Derivatives on Exchange Traded Index Fund Shares

Futures

iShares ETF Futures (in CHF) CHF 0.70 n. a.

iShares ETF Futures (in EUR) EUR 0.40 n. a.

Options

db x-trackers ETF Options EUR 0.40 n. a.

iShares ETF Options (in CHF) CHF 0.70 n. a.

iShares ETF Options (in EUR) EUR 0.40 n. a.

Lyxor ETF Options EUR 0.40 n. a.

Source ETF Sector Options EUR 0.40 n. a.

GMEX IRS Constant Maturity

Futures

2-3 year GMEX IRS Constant 

Maturity Futures

EUR 1.00 n. a.

4-8 year GMEX IRS Constant 

Maturity Futures

EUR 0.50 n. a.

9-30 year GMEX Constant 

Maturity Futures

EUR 0.25 n. a.

Volatility Index Derivatives

Futures

VSTOXX®-Mini Futures (FVS) EUR 0.30 n. a.

Options

VSTOXX®-Options EUR 0.30 n. a.

Interest Rate Derivatives

Futures

EUR Secured Funding

Futures8)

EUR 0.60 n.a.

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

30-year Euro Swap Futures

EUR 0.30 n.a.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 19

Contract Currency

Standard 

Fee per 

Contract 

(contract

volume ≤

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

A-Accounts 

(number of 

contracts)

Threshold 

P-Accounts 

(number of 

contracts)

CONF Futures CHF 0.45 n. a.

Three-Month EURIBOR 

Futures

EUR 0.30 n. a.

EONIA Futures9) EUR 0.60 n. a.

Euro Bobl Futures,

Euro Bund Futures,

Euro Buxl® Futures

Euro Schatz Futures

EUR 0.30 n. a.

Euro-Bono-Futures EUR 0.30 n.a.

Euro-BTP Futures,

Mid-Term-Euro-BTP

Futures,Short-Term-Euro-BTP 

Futures

EUR 0.30 n. a.

Euro-OAT-Futures,

Mid-Term-Euro-OAT Futures

EUR 0.30 n. a.

Options

Options on Three-Month 

EURIBOR Futures,

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

Mid-Curve Options on ThreeMonth EURIBOR Future

EUR 0.20 n. a. 

Options on Euro Bobl Future, 

Options on Euro Bund Future

Options on Euro Schatz 

Future

EUR 0.20 0.10 4,000 4,000

Options on Euro-OAT Future EUR 0.20 n.a.

Property Index Derivatives

Futures

IPD® UK Annual All Industrial

Index Futures

GBP 12.00 n. a.

IPD® UK Annual All Office

Index Futures

GBP 12.00 n. a.

IPD® UK Annual All Property 

(Excluding Residential 

Specialist Funds) Index 

Futures

GBP 12.00 n. a.

IPD® UK Annual All Retail

Index Futures

GBP 12.00 n. a.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 20

Contract Currency

Standard 

Fee per 

Contract 

(contract

volume ≤

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

A-Accounts 

(number of 

contracts)

Threshold 

P-Accounts 

(number of 

contracts)

IPD® UK Quarterly City Office 

Index Futures Calendar Year 

Returns

GBP 12.00 n. a.

IPD® UK Quarterly Retail 

Warehouse Index Futures 

Calendar Year Returns

GBP 12.00 n. a.

IPD® UK Quarterly Shopping 

Centre Index Futures 

Calendar Year Returns

GBP 12.00 n. a.

IPD® UK Quarterly South 

Eastern Industrial Index 

Futures Calendar Year 

Returns

GBP 12.00 n. a.

IPD® UK Quarterly Westend & 

Midtown Office Index Futures 

Calendar Year Returns

GBP 12.00 n. a.

IPD® UK Quarterly All Property 

Index Futures Calendar Year 

Returns

GBP 12.00 n. a.

IPD® UK Quarterly All Retail 

Index Futures Calendar Year 

Returns

GBP 12.00 n. a.

IPD® UK Quarterly All Office 

Index Futures Calendar Year 

Returns

GBP 12.00 n. a.

IPD® UK Quarterly All 

Industrial Index Futures 

Calendar Year Returns

GBP 12.00 n. a.

FX Derivatives10)

Futures

FX-Futures USD 0.45 n. a.

FX-Futures (alternative fee 

currency CHF):

Sterling-Swiss Franc Futures,

Euro-Swiss Franc Futures,

US Dollar-Swiss Franc 

Futures

CHF 0.48 n. a.

FX-Futures (alternative fee 

currency GBP):

Euro-Sterling Futures

GBP 0.36 n. a.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 21

Contract Currency

Standard 

Fee per 

Contract 

(contract

volume ≤

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

A-Accounts 

(number of 

contracts)

Threshold 

P-Accounts 

(number of 

contracts)

Options

FX-Options USD 0.45 n. a.

FX-Options (alternative fee 

currency CHF):

Sterling-Swiss Franc Options,

Euro-Swiss Franc Options,

US Dollar-Swiss Franc 

Options

CHF 0.48 n. a.

FX-Options (alternative fee 

currency GBP):

Euro-Sterling Options

GBP 0.36 n. a.

Precious Metal Derivatives

Futures

Gold-Futures USD 0.70 n. a.

Silver-Futures USD 0.70 n. a.

Xetra-Gold®-Futures EUR 0.30 n. a.

Options

Gold-Options USD 0.70 n. a.

Silver-Options USD 0.70 n. a.

Xetra-Gold®-Options EUR 0.30 n. a.

Commodity Index Derivatives 

Futures

Futures on Bloomberg Indices USD 1.50 n. a.

Options

Options on Bloomberg Indices USD 1.50 n. a.

Derivates on Exchange-traded Commodities Securities 

Futures

ETFS Physical Gold Futures USD 0.30 n.a.

ETFS WTI Crude Oil Futures USD 0.75 n.a.

Options

ETFS Physical Gold Options USD 0.20 n.a.

ETFS WTI Crude Oil Options USD 0.50 n.a.

Stock Dividend Futures with Group ID assigned in Annex D of the Eurex Contract Specifications11)

Dividend of 

the 

underlying 

stock

CH21

>= 1.00

CHF

2.40

n.a.

0.75 – 0.99 1.95

0.50 – 0.74 1.65

0.25 – 0.49 1.20
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 22

Contract Currency

Standard 

Fee per 

Contract 

(contract

volume ≤

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

A-Accounts 

(number of 

contracts)

Threshold 

P-Accounts 

(number of 

contracts)

< 0.25 0.45

DE21, BE21, 

ES21, FR21, 

FI21, GB23, 

IR21, NL21, 

IT21

>= 1.00

EUR

1.80

n.a.

0.75 – 0.99 1.50

0.50 – 0.74 1.20

0.25 – 0.49 0.90

< 0.25 0.30

GB21

>= 1.00

GBP

0.45

n.a.

0.75 – 0.99 0.39

0.50 – 0.74 0.30

0.25 – 0.49 0.15

< 0.25 0.06

GB22

>= 1.00

USD

1.80

n.a.

0.75 – 0.99 1.50

0.50 – 0.74 1.20

0.25 – 0.49 0.90

< 0.25 0.30

US21, US22

>= 1.00

USD

1.80

n.a.

0.75 – 0.99 1.50

0.50 – 0.74 1.20

0.25 – 0.49 0.90

< 0.25 0.30

1) For security transactions in shares resulting from Combination Transactions Option-Share, transaction fees 

according to Number 3.11 in connection with Number 9.1.1 shall be charged.

2) For German Stock Options, the standard fee per contract for transactions booked on P-Accounts or MAccounts respectively is 0.10 EUR. The reduced fee per contract for transactions booked on P-Accounts is 

0.05 EUR.

3) For Swiss Stock Options, the standard fee per contract for transactions booked on P-Accounts or MAccounts respectively is 0.15 CHF. The reduced fee per contract for transactions booked on P-Accounts is 

0.08 CHF.

4) For Mini-DAX Futures, the standard fee per contract for transactions booked on P-Accounts or M-Accounts 

respectively is 0.30 EUR.

5) 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 percentage from the table above times the traded price 

times the contract value of 500,000 South Korean Won (KRW).

 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 percentage from the table above times the traded 

price times the contract value of 100,000 South Korean Won (KRW).

6) For EURO STOXX 50® Variance Futures the standard fee per contract for transactions booked on PAccounts or M-Accounts respectively is 0.30 EUR.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 23

Contract Currency

Standard 

Fee per 

Contract 

(contract

volume ≤

threshold)

Reduced 

Fee per 

Contract 

(contract 

volume > 

threshold)

Threshold 

A-Accounts 

(number of 

contracts)

Threshold 

P-Accounts 

(number of 

contracts)

7) For EURO STOXX 50® Index Options (OESX), there is a second threshold for the reduced Fee per 

Contract (contract volume > 2. threshold) for transactions on P-Accounts. For all contracts above 10,000 

per transaction the standard fee of 0.30 EUR will be reduced by 75% resulting in 0.075 EUR.

8) For EUR Secured Funding Futures, the standard fee per contract for transactions booked on P-Accounts 

or M-Accounts respectively is 0.30 EUR.

9) For EONIA Futures, the standard fee per contract for transactions booked on P-Accounts or M-Accounts 

respectively is 0.30 EUR.

10) For FX Derivatives (FX-Futures and FX-Options) the standard fee per contract for transactions booked on 

P-Accounts is 0.225 USD respectively 0.18 GBP or 0.24 CHF when the alternative fee currency has been 

chosen.

11) The fee classification for an individual Single Stock Dividend Future shall be based on the relevant 

dividend amount for such Single Stock Dividend Future on the reference date and shall become effective 

on September 1. The reference 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 succeeding year. 

12) For Futures on STOXX

®

Indices (denominated in USD), the standard fee per contract for transactions 

booked on P-Accounts or M-Accounts respectively is 0.75 USD.

3.2 Rebates

Market Making Rebates for Products without Market Making in Option Strategies

(1) Upon fulfilment of the published Market Making Obligations, rebates with regard to 

payable transaction fees 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-positions 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 

A- or 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 M-position 

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:
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 24

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 

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

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%

Equity Options

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%

Product / Product Group

RMM and PMM schemes AMM schemes

Order Book and 

Exercises

Off-Book entries

Order Book and 

Exercises

Off-Book entries

Gold-Futures,

Silver-Futures,

Gold-Options,

Silver-Options

75% n. a. n. a. n. a.

Options on Exchange 

Traded Index Fund Shares

50% 50% 75% 75%

Xetra-Gold®-Options 50% n. a. n. a. n. a.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 25

Three-Month 

EURIBOR Future

Three-Year and 

Four-Year EURIBOR 

Mid-Curve Options 

on Three-Month 

EURIBOR Future

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

For off-book transactions entered via the Flexible Options Service, market making rebates 

are not granted.

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 3.1.1, 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. 

(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 

A- or 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 M-position 

accounts.

(4) The rebate levels are as follows:
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 26

(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 published Market Making 

Obligations, the rebates for the published Market Making Obligations in Option Strategies 

do not apply. The rebate levels are as follows:

For 

offbook 

transactions entered via the Flexible Options Service, market making rebates are not 

granted.

Volume Rebates

(1) With regard to payable transaction fees which originate from the matching or the 

registration of derivatives transactions (Trade) within the meaning of Number 3.1.1 

and Number 3.1.2 that have been correctly booked on proprietary position accounts 

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 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%

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 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%
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 27

(P-Accounts) of a Clearing Member, rebates shall be granted by ECAG according to 

this Number if – with respect to specific product groups – the minimum number as 

determined in Paragraph 3 of contracts to be taken into account (transaction volume) 

is reached or exceeded within a calendar month.

Sentence 1 applies accordingly to payable transaction fees which originate from the 

matching respectively the entry of derivatives transactions within the meaning of 

Number 3.1.1 and Number 3.1.2 of a Non-Clearing Member and which have been 

correctly booked on their proprietary position accounts (P-Accounts).

In determining the transaction volume to be taken into account according to this 

Number, transaction volume of trades pursuant to Number 3.1.1 and Number 3.1.2

exceeding the therein defined thresholds is considered according to the following 

formula:

Vol+ * PRed/PS

where Vol+ describes the volume of a transaction in excess of the threshold, PRed 

describes the reduced fee and PS the standard fee in the meaning of Number 3.1.1 

and Number 3.1.2. Thus, only the portion of trade volume in excess of the threshold 

is considered that is equivalent to the ratio between the reduced fee and the standard 

fee.

(2) Transaction volume from transactions within the meaning of Number 3.1.1 and 

Number 3.1.2 which are correctly booked on M-position accounts (M-Accounts), shall 

be added to the transaction volume according to Paragraph 1, in case the concerned 

Clearing Member is not granted any rebates with regard to payable transaction fees in 

connection with the execution of Market Making by the Clearing Member or its NonClearing Members.

(3) When determining the transaction volume, no volume is considered:

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

accounts and A-position accounts of the same Clearing Member, NonClearing Member or Registered Customer.

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

Member or Registered Customer.

(4) ECAG grants rebates on payable transaction fees within the meaning of Paragraph 1 

and 2, if such fee claims have arisen from transactions within one calendar month 

and if the minimum number of transactions per product group has been reached or 

exceeded. Transactions in Eurex Daily Futures Contracts on KOSPI 200 Derivate

and Daily Futures contracts on TAIEX Derivatives shall not be taken into account 

when calculating the number of contracts (transaction volume) for Equity Index 

Futures. The minimum transaction volume for each product group is listed in the 

following rebate scale:
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 28

Futures:

When calculating the minimum number of contracts to be taken into account, only 

order book transactions pursuant to number 3.1.1 are taken into account.

Product Group Level 1 Level 2 Level 3

Minimum number of contracts

Equity Index Futures 300,001 400,001 500,001

Interest Rate Futures 300,001 600,001 1,200,001

Options:

When calculating the minimum number of contracts to be taken into account, order 

book transactions pursuant to number 3.1.1 and off-book transactions pursuant to 

number 3.1.2 are taken into account.

Product / 

Product Group

Level 1 Level 2 Level 3 Level 4 Level 5

Minimum number of contracts

Equity Derivatives

Equity Options 80,001 160,001 320,001 1,000,001 2,000,001

Equity Index Derivatives

DAX-Options 40,001 80,001 160,001 500,001 1,000,001

Euro STOXX 50 

Options 

80,001 160,001 320,001 1,000,001 2,000,001

EURO STOXX and 

STOXX Europe 600 

Banks Options 

(aggregated)

15,001 35,001 70,001 140,001 280,001

Other Equity Index 

Options (aggregated)

3,001 9,001 15,001 30,001 60,001

Interest Rate Derivatives

Options on ThreeMonth EURIBOR 

Future,

One-Year, Two-Year, 

Three-Year and FourYear EURIBOR MidCurve Options on 

Three-Month 

EURIBOR Future

15,001 30,001 60,001 120,001 240,001

Options on Euro-Bund,

Options on Euro-Bobl,

Options on SchatzFuture 

90,001 180,001 280,001 480,001 760,001
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 29

(5) The amount of the granted rebates on transaction fees pursuant to Number 3.2.2 

Paragraphs 1 and 2 is determined on basis of the payable transaction fees for the 

matching of transactions per product group within a calendar month: rebates are 

granted on a pro-rata basis as soon as the levels of the rebate scale determined in 

Paragraph 3 are equalled or exceeded. Such rebates are only granted on the number 

of transactions within the respective level of each of the rebate scales.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 30

Futures:

Only fees pursuant to Number 3.1.1 are rebated.

Rebate scale Rebate 

Level 1 10%

Level 2 20%

Level 3 30%

Options:

Fees pursuant to Number 3.1.1 and 3.1.2 are rebated.

Rebate scale Rebate

Level 1 20%

Level 2 30%

Level 3 40%

Level 4 60%

Level 5 80%

(6) 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, 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.

If transactions are booked on position accounts (P-Accounts) or M-position accounts 

(M-Accounts) by Clearing Members or Non-Clearing Members, but do not fulfil the 

prerequisites for a booking into these accounts as specified in the regulations in 

Paragraph 4 of the Conditions for Trading at Eurex Deutschland and Eurex Zürich, 

ECAG reserves the right to reclaim the granted rebates. If, in this case, rebates have 

not yet been granted, ECAG is authorized, when determining the transaction volume 

per product group relevant for the calculation of rebates, to disregard such 

transactions.

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

Number 2.1.2 (7) of the Clearing Conditions applies accordingly. According to this, 

ECAG is authorized – in order to verify the orderly booking of trades into ownrespectively M-Position accounts pursuant to Paragraph 4 of the Conditions for 

Trading at Eurex Deutschland and Eurex Zürich, and to verify the transfer of rebates 

by Clearing Members to their Non-Clearing Members – to commission an auditor 

within the meaning of the German Banking Act (KWG) or similar regulations; the 

costs have to be borne by the Clearing Member.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 31

Rebates for Order Book Transactions in Money Market Futures Strategies

Strategy Currency

Fee per 

Strategy

Number of 

Contracts 

Fee per 

Contract

Three-Month EURIBOR Futures 

Packs

White Pack EUR 0.64 4 0.16

Red Pack EUR 0.60 4 0.15

Green Pack EUR 0.56 4 0.14

Blue Pack EUR 0.16 4 0.04

Gold Pack EUR 0.08 4 0.02

Bundles

2-Year Bundle EUR 0.96 8 0.12

3-Year Bundle EUR 0.96 12 0.08

4-Year Bundle EUR 0.96 16 0.06

5-Year Bundle EUR 0.80 20 0.04

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 trade, shall be priced as follows:

Contract Fee per Contract 

Stock Futures assigned in Annex A of the Eurex Contract Specifications 

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

IT01, NL01, NO01, PL01, PT01, SE01

EUR 0.20

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

CH01, CH02 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

TecDAX® Futures EUR 0.40

Futures on STOXX®Indices (denominated in EUR) EUR 0.60

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

EURO STOXX 50® Variance Futures EUR 0.60
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 32

Contract Fee per Contract 

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-25 Futures EUR 0.60

Total Return Equity Index Derivatives

Total Return Futures on STOXX®Indices

(denominated in EUR)

EUR 1.20

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

Index Dividend Derivatives 

DAX® Kursindex

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

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

CH21 CHF 3.20

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

IT21

EUR 2.40

GB21 GBP 0.60
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 33

Contract Fee per Contract 

GB22 USD 2.40

US21, US22 USD 2.40

Derivatives on Exchange-traded Index Funds

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 Products

VSTOXX® Mini-Futures (FVS) EUR 0.40

VSTOXX® Options EUR 0.60

Interest Rate Derivatives

CONF Futures CHF 0.60

Three month-EURIBOR Futures EUR 0.40

EONIA Futures EUR 0.80

EUR Secured Funding Futures EUR 0.80

Options on Three-Month EURIBOR Future,

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

EURIBOR Mid-Curve Options on Three-Month 

EURIBOR Future

Euro-Bobl-Futures,

Options on Euro-Bobl-Futures,

Euro-Bono-Futures,

Euro-BTP-Futures

Mid-Term-Euro-BTP Futures,

Short-Term-Euro-BTP Futures,

Euro-Bund-Futures,

Options on Euro-Bund-Futures,

Euro-Buxl®-Futures,

Euro-OAT-Futures,

Mid-Term-Euro-OAT Futures,

Options on Euro-OAT Futures,

Euro Schatz-Futures,

Options on Euro-Schatz-Futures

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

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
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 34

Contract Fee per Contract 

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

Precious Metal Derivatives

Gold-Futures USD 1.40

Silver-Futures USD 1.40

Xetra-Gold®-Futures EUR 0.40

Gold-Options USD 1.40

Silver-Options USD 1.40

Xetra-Gold®-Options EUR 0.40

Commodity Index Derivatives

Futures on Bloomberg Indices USD 2.00

Options on Bloomberg Indices USD 2.00

Derivates on Exchange-traded Commodities Securities

ETFS Physical Gold Futures

ETFS Physical Gold Options

USD 0.40

ETFS WTI Crude Oil Futures

ETFS WTICrude Oil Options

USD 1.00

3.4 Cash Settlement

Contract Fee per Contract

Maximum Fee for 

Contracts on the same 

underlying of each 

A-, P- and M-accounts

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

AT01, BE01, DE01, ES01, 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, CH02 CHF 0.15 CHF 460.00

GB01 GBP 0.08 GBP 240.00

Equity Index Derivatives

ATX® Futures EUR 0.30
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 35

Contract Fee per Contract

Maximum Fee for 

Contracts on the same 

underlying of each 

A-, P- and M-accounts

ATX®five Futures EUR 0.30

CECE® EUR Futures EUR 0.30

DAX® Futures EUR 0.50

DivDAX® Futures EUR 0.30

MDAX® Futures EUR 0.30

Mini-DAX® Futures EUR 0.25

TecDAX® Futures EUR 0.20

Futures on STOXX®Indices 

(denominated in EUR)

EUR 0.30

Futures on STOXX®Indices 

(denominated in USD)

USD 0.60

EURO STOXX 50® Variance Futures EUR 0.30

MSCI Futures

(denominated in EUR)

EUR 0.50

MSCI Futures

(denominated in GBP) GBP 0.50

MSCI Futures

(denominated in USD)

USD 0.50

OMHEX25 Futures EUR 0.50

RDX® EUR Future EUR 0.30

RDX® USD Future USD 0.40

Sensex Futures USD 0.20

SLI - Swiss Leader Index® Futures CHF 0.20

SMI® Futures CHF 0.40

SMIM® Futures CHF 0.20

TA-25 Futures USD 0.30

Total Return Equity Index Derivatives

Total Return Futures on STOXX®Indices

(denominated in EUR)

EUR 0.60

Index Dividend Derivatives 

DAX® Kursindex

Index Dividend Futures

EUR 2.00

DivDAX®

Index Dividend Futures

EUR 2.00

EURO STOXX 50®

Index Dividend Futures

EUR 1.20

EURO STOXX® Sector

Index Dividend Futures

EUR 1.20

EURO STOXX® Select Dividend 30 

Index Dividend Futures

EUR 1.20

SMI®

Index Dividend Futures

CHF 1.60

STOXX® Europe 600 Sector

Index Dividend Futures

EUR 1.20

Stock Dividend Futures with Group ID assigned in Annex D of the Eurex Contract Specifications *
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 36

Contract Fee per Contract

Maximum Fee for 

Contracts on the same 

underlying of each 

A-, P- and M-accounts

Dividend of the 

underlying 

stock

CH21

>= 1.00

CHF

1.60

0.75 – 0.99 1.30

0.50 – 0.74 1.10

0.25 – 0.49 0.80

< 0.25 0.30

De21, BE21, 

ES21, FR21, 

FI21, GB23, 

IE21, NL21, 

IT21, GB21

>= 1.00

EUR

1.20

0.75 – 0.99 1.00

0.50 – 0.74 0.80

0.25 – 0.49 0.60

< 0.25 0.20

GB21

>= 1.00

GBP

0.30

0.75 – 0.99 0.26

0.50 – 0.74 0.20

0.25 – 0.49 0.10

< 0.25 0.04

GB22

>= 1.00

USD

1.20

0.75 – 0.99 1.00

0.50 – 0.74 0.80

0.25 – 0.49 0.60

< 0.25 0.20

US21, US22

>= 1.00

USD

1.20

0.75 – 0.99 1.00

0.50 – 0.74 0.80

0.25 – 0.49 0.60

< 0.25 0.20

Futures on Exchange-traded Commodities Securities

ETFS Physical Gold Futures USD 0.20

ETFS WTICrude Oil Futures USD 0.50

Volatility Index Products

VSTOXX®-Mini-Futures (FVS) EUR 0.20

Interest Rate Derivatives

EUR Secured Funding Futures EUR 0.40

Three months-EURIBOR Futures EUR 0.20

EONIA Futures EUR 0.40

Property Index Derivatives

IPD® UK Annual All Industrial Index 

Futures

GBP 8.00

IPD® UK Annual All Office Index 

Futures

GBP 8.00

IPD® UK Annual All Property

(Excluding Residential Specialist 

Funds) Index Futures

GBP 8.00
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 37

Contract Fee per Contract

Maximum Fee for 

Contracts on the same 

underlying of each 

A-, P- and M-accounts

IPD® UK Annual All Retail Index 

Futures

GBP 8.00

IPD® UK Quarterly City Office Index 

Futures Calendar Year Returns

GBP 8.00

IPD® UK Quarterly Retail Warehouse 

Index Futures Calendar Year Returns

GBP 8.00

IPD® UK Quarterly Shopping Centre 

Index Futures Calendar Year Returns

GBP 8.00

IPD® UK Quarterly South Eastern 

Industrial Index Futures Calendar Year 

Returns

GBP 8.00

IPD® UK Quarterly Westend & 

Midtown Office Index Futures 

Calendar Year Returns

GBP 8.00

IPD® UK Quarterly All Property Index 

Futures Calendar Year Returns

GBP 8.00

IPD® UK Quarterly All Retail Index 

Futures Calendar Year Returns

GBP 8.00

IPD® UK Quarterly All Office Index 

Futures Calendar Year Returns

GBP 8.00

IPD® UK Quarterly All Industrial Index 

Futures Calendar Year Returns

GBP 8.00

Precious Metal Derivatives

Gold-Futures USD 0.70

Silver-Futures USD 0.70

Xetra-Gold®-Futures EUR 0.20

Commodity Index Derivatives

Futures on Bloomberg Indices USD 1.00

* The fee classification for an individual Single Stock Dividend Future shall be based on the relevant 

dividend amount for such Single Stock Dividend Future on the reference date and shall become effective 

on September 1. The reference 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 succeeding year.

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

(Notification)

Contract Fee per Contract:

Interest Rate Derivatives

CONF Futures CHF 0.30

Euro Bobl Futures,

Euro-Bono-Futures,

Euro-BTP-Futures,

Mid-Term-Euro-BTP Futures

Short-Term-Euro-BTP Futures,

EUR 0.20
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 38

Contract Fee per Contract:

Euro Bund Futures,

Euro Buxl® Futures,

Euro-OAT-Futures,

Mid-Term-Euro-OAT Futures,

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

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)

Contract Fee per Contract

Interest Rate Derivatives

CONF Futures CHF 0.30

Euro Bobl Futures,

Euro-Bono-Futures,

Euro BTP Futures,

Mid-Term-Euro-BTP Futures,

Short-Term-Euro-BTP Futures,

Euro Bund Futures,

Euro Buxl® Futures,

Euro-OAT Futures,

Mid-Term-Euro-OAT Futures,

Euro Schatz Futures,

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

Contract Fee per Contract

Stock Options with Group ID assigned in Annex B of the Eurex Contract Specifications1)

DE11, DE12, DE13, DE142) EUR 0.15
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 39

Contract Fee per Contract

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

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

FR14, IE11, IT11, IT12, IT13, NL11, NL12, NL13, 

NL14, SE11, US11

EUR 0.10

CH11, CH12, CH13, CH143) CHF 0.20

GB11 GBP 0.15

RU11, RU12 USD 0.15

Equity Index Derivatives 

ATX® Options EUR 0.30

ATX®five Options EUR 0.30

CECE® EUR Options EUR 0.30

DAX® Options EUR 0.50

DivDAX® Options EUR 0.75

MDAX® Options EUR 0.30

TecDAX® Options EUR 0.20

EURO STOXX 50® Options EUR 0.30

MSCI Options (denominated in EUR) EUR 0.50

MSCI Options (denominated in USD) USD 0.50

OMXH25 Options EUR 0.50

Options on STOXX®Indices EUR 0.30

RDX® EUR Options EUR 0.30

RDX® USD Options USD 0.40

Sensex Options USD 0.20

SLI - Swiss Leader Index® Options CHF 0.40

SMI® Options CHF 1.00

SMIM® Options CHF 0.40

Index Dividend Derivatives

EURO STOXX® 50 Index-Dividend Options EUR 1.20

Derivatives on Exchange-traded Index Funds

Options on Exchange-traded Shares on Index Funds 

(denominated in CHF)

CHF 0.50

Options on Exchange-traded Shares on Index Funds 

(denominated in EUR)

EUR 0.30

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

Interest Rate Derivatives4)

Options on Three-Months EURIBOR Future, EUR 0.20
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 40

Contract Fee per Contract

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

EURIBOR Mid-Curve Options on Three-Month 

EURIBOR Future

Options on Euro-Bobl-Future,

Options on Euro-Bund-Future,

Options on Euro-Schatz-Future,

Options on Euro-OAT Future

EUR 0.20

Precious Metal Derivatives

Gold-Options USD 0.70

Silver-Options USD 0.70

Xetra-Gold®-Options EUR 0.20

Commodity Index Derivatives

Options on Bloomberg Indices USD 1.00

Options on Exchange-traded Commodities Securities

ETFS Physical Gold Options USD 0.20

ETFS WTI Crude Oil Options USD 0.50

Volatility Index Options 

VSTOXX® Options EUR 0.30

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

2) For German Single Stock Options, the exercise fee per contract for exercises on P-Accounts 

or M-Accounts respectively is 0.10 EUR.

3) For Swiss Single Stock Options, the exercise fee per contract for exercises on P-Accounts or 

M-Accounts respectively is 0.15 CHF.

4) For transactions carried out after the option in the resulting Futures contract was exercised, the fees for 

the Futures on which such options are based shall be applicable respectively.

3.8 Assignment of Options

Contract Fee per Contract

Interest Rate Derivatives * Interest Rate Derivatives

Options on Euro Bobl Future,

Options on Euro Bund Future

Options on Euro Schatz Future,

Options on Euro-OAT Future

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

* For transactions carried out after the option in the resulting Futures contract was assigned, the 

fees for the Futures on which such options are based shall be applicable respectively.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 41

3.9 Delivery resulting from Futures

Contract Fee per Contract

Stock Futures with Group ID ES02 assigned in 

Annex A of the Contract Specifications

EUR 0.15

ETFS Physical Gold Futures USD 0.20

ETFS WTICrude 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
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 42

Clearing Fee per Transaction :

Derivatives Transactions nominated in USD USD 0.55

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.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 43

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

T2S investment cost contribution of Clearstream 

Banking AG, Frankfurt

EUR 0.094 -

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

Settlement Fees

For the settlement of Futures transactions underlying the delivery of shares or other nonfixed income securities held in collective safe custody against cash payment with 

Clearstream Banking AG, Frankfurt, ECAG shall charge a fee.1 For the settlement of 

other Futures transactions ECAG shall not charge any fees.

The fee specified in the chart shall be charged for the following deliveries/payments:

a) A delivery/payment of 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 which, however, 

cannot be set off due to the lack of a counterclaim and which shall be 

summarized to one delivery and one payment each.

b) A delivery/payment of claims not determined for setoff which shall each be 

delivered/paid individually.

If the maximum size of a delivery is exceeded and if, as a result, several deliveries are 

arranged for, the settlement fee shall be charged for each of these deliveries/payments.

If subscription rights on open claims are granted, no settlement fees for the resulting 

security assignments and payment instructions shall be charged.

For securities not nominated in EUR or CHF, the settlement fee for security assignment 

and payment instruction shall be charged in one position.

 

1 Therefore, Clearstream Banking AG, Frankfurt shall not charge any additional fees for the settlement of such transactions.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 44

Settlement of Futures Transactions (in 

Shares and Other Non-Fixed Income 

Securities held in collective safe custody) 

with Clearstream

Fees per Delivery/Payment

Payment Instruction EUR 0.15

Security Assignment EUR 0.125

T2S investment cost contribution of Clearstream 

Banking AG, Frankfurt

EUR 0.094

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 CMF Market Integrity Process (GMEX IRS Constant 

Maturity Futures)

For each CMF Market Integrity Process requested by a CMF Participant in GMEX IRS 

Constant Maturity Futures, ECAG shall charge the following fees:

(1) If a CMF Participant requests a CMF Market Integrity Process for a GMEX IRS Constant 

Maturity Future in a specific tenor pursuant to Chapter II, Number 2.8.6 Paragraph (4) 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 CMF MIP Assessment.

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

Chapter II, Number 2.8.6 Paragraph (7) b) of the Clearing Conditions, ECAG shall charge a 

fee of EUR 50,00 per contract independent of the result of the Second CMF 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”).
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 45

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

Transactions. The fees and rebates pursuant to Number 3.1.1 shall hence apply mutatis 

mutandis to Prevented Transactions.

3.14 Maintenance Fees

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

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

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

Contract Currency Account

Standard 

Fee per 

Contract 

Total Return Equity Index Derivatives

Futures

Total Return Futures on 

STOXX®Indices

(denominated in EUR)

EUR A/P/M 0.002000

GMEX IRS Constant Maturity

Futures

2-3 year GMEX IRS Constant 

Maturity Futures

EUR

A 0.003288

P/M 0.002740

4-8 year GMEX IRS Constant 

Maturity Futures

EUR

A 0.001644

P/M 0.001370

9-30 year GMEX IRS Constant 

Maturity Futures

EUR

A 0.000822

P/M 0.000685

The maintenance fee shall be determined on a daily basis and calculated at the end of 

each 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.

3.15 Average Price Processing 

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

an average price applicable to this merged transaction (Average Price Processing). 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:
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 46

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

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)

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 
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 47

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

0.0035 % p.a.

minimum fee **

EUR 10.00, CHF 12.00, 

GBP 8.00 or USD 14.00 

respectively

0.0070 % p.a.

minimum fee**

EUR 10.00, CHF 12.00, 

GBP 8.00 or USD 14.00 

respectively

0.0070 % p.a.

minimum fee**

EUR 10.00, CHF 

12.00, GBP 8.00 or 

USD 14.00 

respectively

Basic Clearing 

Members

n.a. n.a. 0.0035 % p.a.

minimum fee **

EUR 10.00, CHF 

12.00, GBP 8.00 or 

USD 14.00 

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)2

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 “Xetra OTC transactions”), ECAG shall charge 

transaction fees pursuant to Number 6.1 and 6.2. ECAG shall also charge fees for 

 

2 Number 6 as well as the other provisions of the Price List shall also apply mutatis mutandis to the clearing of transactions 

concluded on the Stock Exchange Düsseldorf, which correspond to the characteristics of the transactions concluded on the 

Frankfurt Stock Exchange described in Chapter V of the Clearing Conditions and which are included in the clearing process 

performed by Eurex Clearing AG.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 48

settlement of FWB transactions performed by Clearstream Banking AG, Frankfurt and of 

Xetra OTC transactions pursuant to Number 6.3.

The service fees additionally occurring for aforementioned transactions are regulated in 

Number 9.

6.1 Clearing Fees

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

notice.

Clearing fees shall be charged once per executed order and day, irrespective of the 

number of (partial) executions of the respective order and any different execution prices.

Xetra transactions in Shares and Other Non-Fixed Income Securities

With regard to the clearing of FWB transactions (orders) and Xetra OTC transactions 

(entries) 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 value-based 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 same-day executed 

orders and entries (monthly per 

trading participant and Clearing 

Member)

Fixed Fee per same-day 

executed order 

respectively entry 3 ...

... 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

 

3 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 per executed orders does not apply.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 49

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 same-day executed order or entry is limited insofar as a 

maximal value of 500,000 EUR is assumed for same-day executed orders or entries.

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 

same-day 

executed order 

or entry

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 same-day executed order or per entry is limited insofar as a 

maximal value is assumed per same-day executed order or entry according to the chart

above.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 50

Xetra Frankfurt Specialist transactions in Shares and Other Non-Fixed Income 

Securities

For the clearing of FWB transactions (orders) and of Xetra-OTC transactions (entries) in 

shares and other non-fixed income securities, 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 (“Xetra Frankfurt Specialist 

transactions”).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.

Fixed and Value-based Clearing Fee for Xetra Frankfurt Specialist Transactions in 

Shares and Other Non-Fixed Income Securities

Transactions Fixed fee per 

same-day 

executed order 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

The value-based fee per same-day executed order respectively entry is limited insofar as 

a maximal value is assumed for same-day executed orders respectively entries.

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 Xetra 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 

Xetra OTC transactions in fixed income securities.

The fees stated in the chart shall be charged for the following security claims:
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 51

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.

Delivery Management for Shares and other nonfixed income securitiesFees 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

T2S investment cost contribution of Clearstream 

Banking AG, Frankfurt

EUR 0.094 -

6.3 Settlement Fees

For the settlement of FWB transactions in shares and other non-fixed income securities 

held in collective safe custody and of Xetra OTC transactions in shares and other nonfixed income securities held in collective safe custody by delivery/payment with 

Clearstream Banking AG, Frankfurt, ECAG shall charge a fee.4 For the settlement of 

other FWB transactions and of other Xetra OTC transactions, ECAG shall not charge 

any fees.

The fee listed in the chart shall be charged for the following deliveries/payments:

a) A delivery/payment of 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, which, however, 

cannot be set off due to lack of a counter-claim and which shall be summarized 

to respectively one delivery and one payment each.

 

4 Therefore, Clearstream Banking AG, Frankfurt shall not charge any additional fees for the settlement of such transactions.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 52

b) A delivery/payment for claims not determined for setoff which shall each be 

delivered/paid individually.

If the maximum size of a delivery is exceeded and, as a result, several deliveries are 

arranged for, the settlement fee shall be charged for each of these deliveries/payments.

If subscription rights on open claims are granted, no settlement fees shall be charged for 

the resulting deliveries.

Settlement of FWB- and Xetra OTCTransactions in Shares and Other NonFixed Income Securities held in collective 

safe custody with Clearstream

Fees per Delivery/Payment

Security Assignment EUR 0.125

Payment Instruction EUR 0.15

T2S investment cost contribution of Clearstream 

Banking AG, Frankfurt

EUR 0.094

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 transactions5.

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 

 

5

ISE transactions are not included in the Gross Delivery Facility of ECAG.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 53

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 

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

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

in fixed income securities shall be charged until further notice.

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

pursuant to Chapter V Number 2.5 of the Clearing Conditions (Netting Agreement).
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 54

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

Transactions in Shares and Other Non-Fixed Income Securities

The provision fees “Full Service” shall be charged once per executed order and day, 

irrespective of the number of (partial) executions of the respective order and any 

different execution prices. 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 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 

respectively Entry 6

Value-Based Fee per

executed Order 

respectively Entry

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.

 

6 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 per executed orders does not apply.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 55

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 Xetra Frankfurt Specialist 0.0006% 0.0012%

For transactions regarding Xetra and Xetra Frankfurt Specialist, 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 9.2.1.1 (“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
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 56

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

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 
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 57

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:

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.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 58

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

9. Service Fees for Collaterals, Clearing 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 
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 59

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 

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 (Chapter 1 Part 2 Number 4.2 and Part 

6 Number 5.3), the Segregated Internal Margin Account (Chapter 1 Part 3 Subpart A 

Number 4.1.2), the Internal Net Omnibus Margin Account (Chapter 1 Part 4 Number 4.2) 

and the Internal FCM Client Margin Accounts (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.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 60

9.4 Service Fees for Clearing Fund Contributions

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

mutandis.

For Clearing Fund Contributions in the form of securities, no service fees are charged.

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
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 61

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

(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
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 62

 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.

“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.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 63

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.

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.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 64

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.

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.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 65

(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)

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 
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 66

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.

(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.

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)
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 67

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.

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 
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 68

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.

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
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 69

Gold pack Silver pack

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

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:
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 70

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.

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:
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 71

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.

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.
Eurex08e

Price List of Eurex Clearing AG As of 02.12.2016

Page 72

(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.

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).