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Interest rates on cash collateral

Interest rates on cash collateral

Eurex Clearing generally places cash on a collateralized basis or through direct investments with highly liquid financial instruments to the extent possible and passes on interest earned from such cash investments to, or demands reimbursement of expenses arising from such investment from, its Clearing Members, reduced/complemented by a cash service fee (service fee according to Number 9.1 of the Price List of Eurex Clearing) per currency (Customer Interest Rates). Customer Interest Rates are in principle calculated based on a predefined benchmark rate per currency as shown in the table below.

* Registered Customers and Specified Clients active in Eurex Exchange Traded Derivatives (Eurex ETD) only or in both Eurex ETD and OTC Interest Rate Swap Derivatives Transactions (OTC IRS) and FCM Clients active in OTC IRS Transactions (same member ID/ same account) will be charged half of the cash handling fee. For such purpose, Clearing Members will be required to setup for their Registered Customers and Specified Clients in gross omnibus segregation a separate collateral pool (ETD Collateral Incentive Pool).

** 1 day notice period for deposit/withdrawal. A temporary reduction of the cash service fee to 20 bps until further notice.

For the setup of the separate collateral incentive pool it is required to submit a special form.

The relevant Customer Interest Rate per day and per currency is published daily in the member section portal.

In a negative interest rate environment, Eurex Clearing only applies the above-mentioned benchmarks if the Customer Interest Rates calculated on the basis of such benchmarks are more beneficial to the customer than those calculated on the basis of actually realized expenses. However, in exceptional cases in a positive interest rate environment such as, but not limited to, extraordinary market conditions or disruptions Eurex Clearing reserves the right to calculate Customer Interest Rates on the basis of interest earned through the placement of funds instead of predefined benchmark rates.  

In case of questions please contact your Group Client Key Account Manager Clearing.