EUREX CLEARING TO ADD NEW CLEARING SERVICES OFFERINGS

Posted August 26, 2008

FRANKFURT – Eurex Clearing, the joint venture of the Deutsche Börse and the SWX Swiss Exchange, plans to launch new service packages in November for clearing cash market transactions. Its current offering, to be called Full Service, will be joined by new Basic Net Service and Extended Net Service.

The Basic Net Service will automatically net all transactions at the end of the trading day and inform clearing participants of their remaining net positions. The Extended Net Service will give clearing participants the option to further manage their net positions until settlement date.

“Eurex Clearing is the first clearing house offering differentiated service packages for netting,” says Thomas Book, Eurex Board Member for Clearing. “This innovation allows our clearing members to provide their own clients with individual offers tailored to their business models.”

The new services are intended to address proprietary trading and institutional investors’ needs. The new services will have new prices but promise cost savings of up to 40 percent for clearing customers depending on which model they choose. Customers with the lowest information needs and highest trading volumes will benefit most. Eurex Clearing is projecting savings in Xetra transaction clearing, under the new services, of €25 million annually, based on volumes during the first half of 2008.