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Effective June 3, 2025, Eurex Clearing is introducing a temporary incentive scheme designed to attract new clients for clearing Over-the-Counter (OTC) Interest Rate Derivatives (IRD) transactions. This initiative is part of a broader strategy by Eurex to support market participants in becoming more active on its platform and to help them comply with upcoming regulatory requirements, such as EMIR 3.0 and its Active Account Requirement (AAR).
Here’s a breakdown of the key aspects of this incentive scheme:
Target Audience:
* New clients at Eurex Clearing. Specifically, DC-Related Transaction accounts (for Disclosed Direct Clients and FCM Clients) that have cleared no more than five (5) OTC IRD transactions between May 1, 2024, and May 29, 2025.
Incentive Details:
* “Clear two, pay only for one!”: This is the core benefit. New eligible clients will receive a rebate on their OTC IRD transaction fees.
* Rebate Period: The rebate applies to OTC IRD Booking, Maintenance, and Monthly Basis Fees generated between June 3, 2025, and September 30, 2025.
* Rebate Application: This rebate will then be used to reduce all regular OTC IRD Booking, Maintenance, and Monthly Basis Fees for the same DC-related transactions between October 1, 2025, and December 31, 2025.
* Maximum Rebate: The total rebate will be applied to reduce the fees to a maximum of zero (0) in trade currency per month.
* No Registration Required: Eligible accounts will automatically participate in this program; a separate registration is not necessary.
* Expiry: Any unused rebates will expire without further notification or compensation on December 31, 2025.
Broader Context and Benefits:
This incentive scheme complements Eurex Clearing’s ongoing efforts to enhance its OTC IRD offering, which include:
* Support for EMIR 3.0 and AAR: The scheme directly supports market participants in meeting the Active Account Requirement under EMIR 3.0, encouraging more euro-denominated clearing within the EU.
* Increased Liquidity: By attracting new participants, Eurex aims to further boost liquidity in its OTC IRD clearing segment.
* Cost Efficiency: Clients can benefit from reduced clearing costs during the incentive period, potentially leading to overall operational savings.
* Enhanced Choice and Competition: This initiative contributes to a more competitive clearing landscape, offering market participants more options for their IRD clearing needs.
* Robust Infrastructure: Eurex Clearing emphasizes its state-of-the-art technology and risk management framework, which underpins its clearing services.
This temporary incentive is a strategic move by Eurex Clearing to solidify its position as a leading central counterparty for OTC Interest Rate Derivatives, particularly in the European market.

Video courtesy of CSOB

https://www.youtube.com/live/vkFW_m5m7m8?si=b3A0VcKiVN54hrq-

Video courtesy of CSOB