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Position transfer

Position transfer

Eurex Clearing distinguishes internal position account transfers (Own Accounts of the Clearing Member) and external position transfer (Transfer to another Member).

Internal position account transfer (between own accounts of the Clearing Member)

Internal position transfers are executed immediately; exercised or assigned positions cannot be transferred.

External position transfer (to another Clearing Member)

All external position transfers are immediate and can optionally carry a cash amount. When transferring a position, Members have the choice to adjust the position transfer price and/ or to transfer a cash amount. 
External position transfers in futures or options positions, where the premium is settled futures-style, are executed with the previous day’s settlement price (irrespective of whether the transferred positions result from transactions of the previous business day or the current business day). 
External position transfers in premium-style options positions are executed @ 0.
External position transfers for newly created series are rejected by the system. A transfer can be initiated via a give-up/take-up transaction instead. 
Exercised or assigned positions cannot be transferred. 

Processing of external position transfers

External position transfers require the approval/acceptance of the initiating and receiving Member, as well as their respective Clearing Members. As long as the position transfer has not been approved by all relevant parties, the transfer remains pending until the end-of-day processing or until the request is cancelled by the initiator or rejected/denied by one of the related parties.