EUROPEAN UNION: Eurex Deutschland and Zurich Exchange Rules Come into Effect

Monday October 30 2017

The New Eurex Exchange Rules entered into effect on the 30^th October 2017. The amendments are with regards to Chapter II of the Clearing Conditions of Eurex Clearing.

Chapter II forms an integral part of the Clearing Conditions of Eurex Clearing AG and respective references in other rules or documents to the Clearing Conditions shall also apply to this Chapter II. In accordance with Chapter I Part 2 Number 2.1.1, Chapter I together with this Chapter II and all references to other Chapters or Annexes of the Clearing Conditions shall apply for all Clearing Members (including FCM Clearing Members) with a respective Clearing License, their Non-Clearing Members, Registered Customers, ICM Clients and FCM Clients as well as all Interim Participants

On the issue of Cash Settlement rules article 3.7.5 (2) provide that  cash settlement shall be determined according to the difference between the exercise price of the options series and its final settlement price. The final settlement price shall be determined by the Management Boards of the Eurex exchanges on the exercise date of the options series.

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