Eurex Clearing
Dear customer,
With this Newsflash, Eurex Clearing wants to draw your attention to a corporate action event that will take place in C7 simulation.
Based on Member demand, we would like to offer the following corporate action event in simulation on 10 October 2024.
Clearing Participants are invited to test the corporate action harmonization scenario should they wish to do so. The aim of this test is to support preparations for the process changes which are planned to be introduced by Eurex Clearing in the long term (November 2025). The new process aims to standardize the approach across the industry by eliminating the fractional element of the resulting trading unit following a corporate action event.
For more details, please refer to Eurex Clearing Readiness Newsflash C7: Handling of Corporate Actions – Changes planned for November 2025, provided on 11 June 2024.
On this particular occasion, Clearing Members will be able to test the trading unit rounding logic as a one-off in simulation. After this event, the simulation environment will continue to behave as usual.
On business day 10 October 2024, the following Corporate Action capital increase in simulation will take place with an R-factor adjustment and a change on the version number on single stock option of Adidas AG. The corporate action itself will also impact the corresponding single stock future ADSF, but please note that single stock futures are not impacted by the corporate action harmonization.
As a result of the corporate action harmonization, the resulting trading unit will no longer have fractions and will be rounded to the increment of one share. A premium adjustment (equalization payment) will take place on Ex Date +1 to neutralize the rounding. Please see the Attachment for details.
Trading and Clearing simulation batch days and events are available in the Simulation Calendar. The simulation calendar can be found on the Eurex Clearing website at the following location:
Support > Initiatives & Releases > Simulation calendar
Kind regards,
Your Client Services Team
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Recipients: | All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration | |
Contact: | ||
Web: | www.eurex.com/ec-en/ |
