Amendments to the Price List of Eurex Clearing regarding the introduction of a new Non-ECAG GC Pooling Re-use Fee

1.    Introduction

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

• A. Introduction of a new Non-ECAG GC Pooling Re-use Fee 
• B. Further editorial changes 

The amendments to the Price List will become effective as of 1 June 2025. 

2.    Required action

There is no action required.

3.    Details of the initiative

A. Introduction of a new Non-ECAG GC Pooling Re-use Fee 

Eurex Clearing will introduce a Non-ECAG GC Pooling Re-use service fee of 0.00 percent for Clearing Members which re-use some or all of the securities received under the front-leg of a GC Pooling Repo Transaction for any purpose other than providing Margin to Eurex Clearing AG. 

Eurex Clearing’s GC Pooling Re-use functionality already allows market participants to re-use received collateral for further money market transactions, the Eurex Clearing Margining process and for monetary policy instruments of the Eurosystem.  

The following provision of the Price List will be amended as outlined in the Attachment:  

• Number 5 of the Price List of Eurex Clearing AG 

B. Further editorial changes

Eurex Clearing will introduce a new provision to Number 12 of the Price List to clarify that fees in the amount of zero or 0 percent may not be separately displayed in any invoice. 

The following provision of the Price List will be amended as outlined in the Attachment:  

• Number 12 of the Price List of Eurex Clearing AG

The amendments to the Price List will become effective as of 1 June 2025. 

As of the effective date, the full versions of the amended Price List will be available for download on the Eurex Clearing website www.eurex.com/ec-en/ under the following link:  Rules & Regs > Eurex Clearing Rules & Regulations > 3. Price List 

The amendments to the legal framework of Eurex Clearing AG published by this circular are deemed accepted by each affected contractual party of Eurex Clearing AG, unless the respective contractual party objects by written notice to Eurex Clearing AG prior to the relevant effective date(s) as stipulated in this circular. In case of an objection by the respective contractual party pursuant the preceding sentence, Eurex Clearing AG is entitled to terminate the respective contract (including a Clearing Agreement, if applicable). Instead of submitting an objection, the respective contractual party may submit in writing to Eurex Clearing AG comments to any amendments of the legal framework of Eurex Clearing AG within the first 10 Business Days after the publication of the amendments. Eurex Clearing AG shall assess whether these comments prevent the published amendments from becoming effective taking into account the interests of Eurex Clearing AG and all contractual parties.

Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions or FCM Clearing Conditions of Eurex Clearing AG, as applicable.
 

Attachment:

• Amended sections of the Price List of Eurex Clearing AG 

Further information