On Oct. 9, 2026, EUREX Clear issued Circular 069/26 Amendments to the Clearing Conditions and Price List of Eurex Clearing AG, with respect to several amendments.
These include A. Introduction of a monthly Minimum Activity Charge on the Repo Clearing Layer, as well as on B. Enhancement of GC Pooling settlement processing.
Also relating C. Introduction of Scandinavian currencies as eligible settlement currencies for GC Pooling, as well as relating to requirement D. Adjustment of GC Pooling Target Settlement Timings for non-same-day transactions in GBP and CHF.
On E. Introduction of early novation and netting for ISA Direct Light trades, and on F. Decommissioning of the Linking before Aggregation service, and on G. Clarification on the Maximum Purchase Price in context of fractions due to a corporate action event.
Attachments are provided for the amendments: Attachment 1 – Amended sections of Chapter IV of Clearing Conditions, effective Nov. 16, 2026, Attachment 2 - effective as of Nov. 23, 2026, and Attachment 3 - Chapter V of Clearing Conditions, Nov. 16, 2026.
Also, Attachment 4 - Amended section of the Price List, effective as of Nov. 1, 2026, and then Attachment 5 - Amended sections of Price List, effective as of Nov. 16, 2026.
Clearing members, ISA direct clearing members, Disclosed direct clients, Vendors and other contractual parties should note the changes to Clearing Conditions and Price List.
Amendments become effective on Nov. 16, 2026, except for Topic A., which will enter into force on Nov. 1, 2026 and Topic E., which will enter into force on Nov. 23, 2026.
On Apr. 9, EUREX Clear issued amendments to conditions, price list.
EUREX Clear issued Circular 020/26 with Amendments to the Clearing Conditions and Price List of Eurex Clearing AG, relating to two specific changes to all services offered.
Alongside amended sections of Chapter I Clearing Conditions (attachment 1); amended sections of Chapter IV Clearing Conditions (attachment 2); and amended sections of the Price List of Eurex Clearing AG (attachment 3).
Circular contains info re amendments to Clearing Conditions and Price List.
I.e., amendments to Clearing Conditions to enable Trading Participants acting on account of an ISA Direct Clearing Member or ISA Direct Light License Holder.
Amendments to Clearing Conditions/Price List re changes to GC Pooling CTD Baskets.
Name of GC Pooling CTD Baskets will be changed to GC Pooling Single Issuer Baskets.
Introduction of additional non-EUR currencies USD, CHF and GBP as settlement currencies for the GC Pooling Single Issuer Baskets; and adjustment of Target Settlement Timing for GC Pooling Single Issuer Baskets traded in EUR.
With new functionality implemented at Eurex Repo, Trading Participants enabled to enter Repo trade on behalf of ISA Direct Clearing Member/Direct Light License Holder.
With the introduction of the additional currencies, the gap of cash currencies in combination with the Single Issuer Baskets will be closed.
Target Settlement Time for the GC Pooling Single Issuer Baskets will be moved from 7:30 hours (Frankfurt am Main time) to 8:45 hours (Frankfurt am Main time).
Action Required
Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, Vendors and other affected contractual parties should take the amendments to the Clearing Conditions and Price List into consideration.
Effectiveness
Amendments will become effective as of May 11, 2026.
Apr. 27, 2026 CFTC Certification
On Apr. 27, 2026, CFTC reported certified status of amendments to clearing conditions.
May 2026 Updated Clearing Conditions and Prices
On May 11, 2026, EUREX Clear published updated Chapter IV Clearing of Repo Transactions of the clearing conditions and updated Price List, effective May 11, 2026.
May 13, 2026 Updated Conditions and Prices
On May 13, 2026, EUREX Clear issued Circular 025/26 on Amendments to the Clearing Conditions and Price List, relating to two separate specific changes to services offered.
The first matter relates to Amendment of the Clearing Conditions resulting from the enhancement of the novation process for ISA Direct Light License Holder transactions.
The second matter is Amendment of the Price List with regards to Service Fees for Master Data Management for the optional Payment Free of Delivery (PFOD) service.
Clearing Members, ISA Direct Clearing Members, and Disclosed Direct Clients of Eurex Clearing AG, Vendors and all of the other affected contractual parties should take the amendments to the Clearing Conditions and Price List into consideration.
Attachments consist of 1 – Amended section of Chapter IV of the Clearing Conditions of Eurex Clearing AG and 2 – Amended section of the Price List of Eurex Clearing AG.
The amendments, as set out in the Circular, will become effective as of Jun. 15, 2026.
May 20, 2026 EUREX Clear Rule Certification
On May 20, 2026, EUREX Clear reported submitted certification of circulars 025-26, 028-26 for 10 day review; intended implementation Jun. 15, and Jul. 15, respectively.
Proposed amendment no. 2 is subject to consultation with the expiry of Jun. 18, 2026.
Jun. 2026 Clearing of Repo Transactions
On Jun. 15, 2026, EUREX Clear published an updated Chapter IV Clearing of Repo Transactions of the clearing conditions and updated price list, effective Jun 15, 2026.
The changes follow those included in the previous process stated in Circular 025/26, on special conditions for clearing of GC Pooling Repo Transactions with ISA Direct Light License Holders and associated GC Pooling Repo Transactions with Clearing Members.
Jun. 2026 Transactions Concluded
On Jun. 17, 2026, EUREX Clear published updated version of Chapter II Transactions Concluded at Eurex Deutschland (Eurex Exchange) on changes effective Jun 17, 2026.
The changes include Part 1 General Provisions, in 1.3.2 Account Management section.
Also, Part 2 Clearing of Futures Contracts, in 2.1.2 Daily Settlement Price, and in 2.3.1 Delivery and Payment Procedures, and 2.3.4 Fulfilment, Delivery, in 2.5.1 Delivery and Payment Procedures, in addition to changes in 2.22.2 Daily Settlement Price section.
Also, Part 3 Clearing of Options Contracts, in 3.2.5 Procedure for Exercise of Options and in 3.3.5 Procedure for Exercise of Options, as well as 3.12.5 Procedure for Exercise of Options, in addition to changes made in 3.13.5 Procedure for Exercise of Options.
In addition, various changes are made to 3.14.4 Procedure for Exercise of Options, and in 3.15.4 Procedure for Exercise of Options, completing all the relevant amendments.
Jul. 2026 Removal of FCM Client from Basic DC
On Jul. 6, 2026, EUREX Clear published updated version of Chapter I of the Clearing Conditions of Eurex Clearing AG to remove from the definition for Basic DC the category of an FCM Client, with change having effect from Jul. 6, 2026.
On Jul. 15, 2026, EUREX Clear issued a new version of Chapter I – General Provisions.
The document was accompanied by a tracked changes version, to highlight changes.
The relevant updated document is now effective from its publication on Jul. 15, 2026.
Oct. 2026 Further Amendments
On Oct. 9, 2026, EUREX Clear issued Circular 069/26 Amendments to the Clearing Conditions and Price List of Eurex Clearing AG, with respect to several amendments.
These include A. Introduction of a monthly Minimum Activity Charge on the Repo Clearing Layer, as well as on B. Enhancement of GC Pooling settlement processing.
Also relating C. Introduction of Scandinavian currencies as eligible settlement currencies for GC Pooling, as well as relating to requirement D. Adjustment of GC Pooling Target Settlement Timings for non-same-day transactions in GBP and CHF.
On E. Introduction of early novation and netting for ISA Direct Light trades, and on F. Decommissioning of the Linking before Aggregation service, and on G. Clarification on the Maximum Purchase Price in context of fractions due to a corporate action event.
Attachments are provided for the amendments: Attachment 1 – Amended sections of Chapter IV of Clearing Conditions, effective Nov. 16, 2026, Attachment 2 - effective as of Nov. 23, 2026, and Attachment 3 - Chapter V of Clearing Conditions, Nov. 16, 2026.
Also, Attachment 4 - Amended section of the Price List, effective as of Nov. 1, 2026, and then Attachment 5 - Amended sections of Price List, effective as of Nov. 16, 2026.
Clearing members, ISA direct clearing members, Disclosed direct clients, Vendors and other contractual parties should note the changes to Clearing Conditions and Price List.
Amendments become effective on Nov. 16, 2026, except for Topic A., which will enter into force on Nov. 1, 2026 and Topic E., which will enter into force on Nov. 23, 2026.
