eurex rundschreiben 185/14

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1 eurex rundschreiben 185/14 Datum: 18. August 2014 Empfänger: Alle Handelsteilnehmer der Eurex Deutschland und Eurex Zürich sowie Vendoren Autorisiert von: Mehtap Dinc Aktiendividenden-: Designated Market-Making-Programme: Verlängerung und Anpassung Verweis auf Eurex-Rundschreiben: 101/13 Verweis auf Eurex Clearing-Rundschreiben: 113/14 Kontakt: Lorena Dishnica, Product Development, T , lorena.dishnica@eurexchange.com Christine Heyde, Product Development, T , christine.heyde@eurexchange.com Zielgruppe: Alle Abteilungen Anhänge: (nur in Englisch) 1. Designated Market-Making scheme obligations 2. Eurex Clearing-Rundschreiben 113/14 einschließlich Designated Market Maker Rebate Agreement Die Geschäftsführung der Eurex Deutschland, die Geschäftsleitung der Eurex Zürich AG und der Vorstand der Eurex Clearing AG haben beschlossen, das laufende Designated Market-Making (DMM)-Programm für Aktiendividenden- auf Dividenden von Komponenten des EURO STOXX 50 -Index, nicht-komponenten des EURO STOXX 50 -Index sowie für Schweizer und britische Aktiendividenden- mit Wirkung zum 1. September 2014 anzupassen und bis zum 31. August 2015 zu verlängern. Bei Erfüllung der Quotierungsverpflichtungen erstattet Eurex Exchange den Designated Market Makern in den einzelnen Aktiendividenden--Paketen 50 Prozent der Transaktionsentgelte für alle auf den M-Konten abgeschlossenen Kontrakte. Zudem wird die Summe der Transaktionsentgelte für auf dem M- und P- Konto jedes Designated Market Makers in allen bestehenden und neuen Aktiendividenden- für einen 12- monatigen Zeitraum vom 1. September 2014 bis 31. August 2015 auf EUR begrenzt, wenn die Quotierungsverpflichtungen für Aktiendividenden- auf Dividenden von Komponenten des EURO STOXX 50 -Index und eines ausgewählten zweiten Pakets (Aktiendividenden- auf Dividenden von nicht- Komponenten des EURO STOXX 50 -Index; Britische Aktiendividenden- oder Schweizer Aktiendividenden- ) in mindestens elf Monaten erfüllt werden. Details zu diesem Programm entnehmen Sie bitte Anhang 1. Teilnehmer, die sich als Designated Market Maker für das angepasste und verlängerte Programm anmelden möchten, benutzen hierfür bitte das Formular in Anhang 2 in Eurex Clearing-Rundschreiben 113/14. Eurex Exchange nimmt Neuanträge für diese Designated Market Maker-Programme bis zum 30. September 2014 an, sofern nichts anderes bekannt gegeben wird. Eurex Deutschland Börsenplatz Frankfurt/Main Postanschrift: Frankfurt/Main Deutschland T F memberservices@ eurexchange.com Internet: Geschäftsführung: Dr. Thomas Book, Mehtap Dinc, Michael Peters, Andreas Preuß ARBN:

2 Attachment 1 to Eurex Circular 185/14 1. Designated Market-Making scheme for Single Stock Dividend on dividends of constituents of the EURO STOXX 50 Index Outline This Designated Market-Making scheme covers those Single Stock Dividend (SSDFs) whose underlying shares are constituents of the EURO STOXX 50. The Designated Market Maker will be obliged to provide two-way quotes only for a certain number of these 50 constituents in order to receive the fee rebates detailed. The quote size obligation for the third expiry is lower than those for the first and second expiries no obligation is in place to quote longer expirations. The spread and size classification will be reviewed on a quarterly basis. Scheme obligations In the order book: Provision of quotes during the trading session Provision of two-way quotes for the first, second and third contracts in the series of each constituent listed - with a minimum size on the bid and ask side and with a maximum percentage spread as detailed in Table 1 below Provision of two-way quotes for each of the contracts in the series mentioned above - during 70 percent of the quotation period of the trading day, from 09:00 to 17:30 CET, calculated on a monthly average. Designated Market Maker Fees Order Book Trades & Block Trades executed on M- accounts receive 50 percent fee rebate upon fulfilment of obligations in regards of 30 out of 50 constituents Respond to Eurex Pricing Requests Market Maker must respond to all Eurex Market Supervision pricing requests up to a maximum of two requests per contract per day - within 30 minutes - subject to this information being retained for use by Eurex in its calculations and not being for public dissemination in its original form Valid from 1 September 2014 Page 1 of 7

3 Attachment 1 to Eurex Circular 185/14 Table 1 i Maximum percentage spreads and minimum quote size permissible for fulfilment of Market- Making: Maximum Spreads Minimum Size Product 1st 2nd 3rd 1st 2nd 3rd Product Name ID Expiry Expiry Expiry Expiry Expiry Expiry Air Liquide Dividend A4IR 30%20% 30%20% 40%30% Allianz Dividend A2LV 15% 15% 25% Anheuser-Bush Dividend I2TK 15% 15% 25% ASML Dividend A2SM 30% 30% 40% Assicurazioni Generali Dividend A2SG 25% 25% 35% AXA Dividend A2XA 20% 20% 30% Banco Bilbao Vizcaya Argentaria Dividend B3BV 20% 20% 30% Banco Santander Dividend S2SD 20% 20% 30% BASF Dividend B2AS 15% 15% 25% Bayer Dividend B2AY 15% 15% 25% BMW Dividend B2MW 15% 15% 25% BNP Paribas Dividend B2NP 20% 20% 30% Carrefour Dividend C3AR 30% 30% 40% CRH Dividend C2RG 30% 30% 40% Daimler Dividend D2AI 15% 15% 25% Danone Dividend B2SN 20% 20% 30% Deutsche Bank Dividend D3BK 20% 20% 30% Deutsche Post Dividend D2PW 30% 30% 40% Deutsche Telekom Dividend D2TE 20% 20% 30% E.ON Dividend E2OA 15% 15% 25% Airbus Dividend E2AS 30% 30% 40% Enel Dividend E2NL 25% 25% 35% Eni Dividend E2NT 15% 15% 25% Essilor International Dividend E2SL 25% 25% 35% Orange Dividend F2TE 20% 20% 30% GDF Suez Dividend G2ZF 15% 15% 25% Iberdrola Dividend I2BE 25% 25% 35% Inditex Dividend I5XD 40%20% 40%20% 50%30% ING Groep Dividend I2NN 100% 100% 100% Intesa Sanpaolo Dividend I3ES 100% 100% 100% Koninklijke Philips Dividend P2HI 20% 20% 30% L'Oréal Dividend L2OR 20% 20% 30% LVMH Dividend M2OH 20% 20% 30% Münchener Rück Dividend M2UV 15% 15% 25% Repsol Dividend R3EP 25% 25% 35% RWE Dividend R3WE 15% 15% 25% Saint-Gobain Dividend G2OB 20% 20% 30% Sanofi-Aventis Dividend S2NW 15% 15% 25% SAP Dividend S3AP 20% 20% 30% Schneider Electric Dividend S3ND 20% 20% 30% Valid from 1 September 2014 Page 2 of 7

4 Attachment 1 to Eurex Circular 185/14 Siemens Dividend S2IE 15% 15% 25% Société Générale Dividend S2GE 25% 25% 35% Telefónica Dividend T2NE 25% 25% 35% Total Dividend T2OT 15% 15% 25% Unibail-Rodamco Dividend U2BL 20% 20% 30% UniCredit Dividend C3RI 100% 100% 100% Unilever Dividend U2NI 20% 20% 30% Vinci Dividend S2QU 20% 20% 30% Vivendi Dividend V3VU 20% 20% 30% VW pref. Dividend V2W3 15% 15% 25% Designated Market-Making scheme for Single Stock Dividend on dividends of non-constituents of the EURO STOXX50 index (non-euro STOXX 50 package) Outline This Designated Market-Making scheme covers those Single Stock Dividend (excluding Swiss and British SSDFs) on European stocks whose underlying shares are not constituents of the EURO STOXX 50, combined in the non-euro STOXX 50 package. The package allocation will be reviewed as and when additional SSDFs will be introduced. The Designated Market Maker will be obliged to provide two-way quotes for 50 percent of the SSDFs contained in the non-euro STOXX 50 package in order to receive the fee rebates detailed. The quote size obligation for the third expiry is lower than those for the first and second expiries there is no obligation to quote longer expirations. Scheme obligations In the order book: Provision of quotes during the trading session Provision of two-way quotes for the first, second and third contracts in the series of each constituent listed - with a minimum size on the bid and ask side and with a maximum percentage spread as detailed in Table 2 below Provision of two-way quotes for each of the contracts in the series mentioned above - during 50 percent of the quotation period of the trading day, from 09:00 to 17:30 CET, calculated on a monthly average. Designated Market Maker Fees Order Book Trades & Block Trades executed on M- accounts receive 50 percent fee rebate upon fulfilment of obligations in 50 percent of the products in the non-euro STOXX 50 package (i.e. 7 out of 15 products) Valid from 1 September 2014 Page 3 of 7

5 Attachment 1 to Eurex Circular 185/14 Respond to Eurex Pricing Requests Market Maker must respond to all Eurex Market Supervision pricing requests up to a maximum of two requests per contract per day - within 30 minutes - subject to this information being retained for use by Eurex in its calculations and not being for public dissemination in its original form Table 2 ii Maximum percentage spreads and minimum quote size permissible for fulfilment of Market- Making: Maximum Spreads Minimum Size Product 1st 2nd 3rd 1st 2nd 3rd Product Name ID Expiry Expiry Expiry Expiry Expiry Expiry Adidas Dividend A2DS 30% 30% 40% AEGON Dividend A2EN 100% 100% 100% ArcelorMittal Dividend I2SP 25% 25% 35% ALSTOM Dividend A2OM 20% 20% 30% Crédit Agricole Dividend X2CA 100% 100% 100% Deutsche Börse Dividend D3B1 20% 20% 30% EDF Dividend E2DF 40% 40% 50% METRO Dividend M2EO 30% 30% 40% Nokia Dividend N3OA 100% 100% 100% Pernod-Ricard Dividend P2ER 30% 30% 40% PPR Dividend P2PX 30% 30% 40% Renault Dividend R2NL 30% 30% 40% Royal KPN Dividend K3PN 20% 20% 30% Telecom Italia Dividend T2QI 30% 30% 40% ThyssenKrupp Dividend T2KA 40%30% 40%30% 50%40% Designated Market-Making scheme for British Single Stock Dividend Outline This Designated Market-Making scheme covers Single Stock Dividend (SSDFs) on British stocks which are combined in the British SSDFs package for Designated Market-Making. The package allocation will be reviewed as and when additional British SSDFs will be introduced. The Designated Market Maker will be obliged to provide two-way quotes only on a certain percentage of the SSDFs contained in the British package. The quote size obligation of the third expiry is lower than those for the first and second expiries there is no obligation to quote longer expirations. Valid from 1 September 2014 Page 4 of 7

6 Attachment 1 to Eurex Circular 185/14 Scheme obligations In the order book: Provision of quotes during the trading session Provision of two-way quotes for the first, second and third contracts in the series of each constituent listed - with a minimum size on the bid and ask side and with a maximum percentage spread as detailed in Table 3 below Provision of two-way quotes for each of the contracts in the series mentioned above - during 70 percent of the quotation period of the trading day, from 09:00 a.m. to 17:30 p.m. (CET), calculated on a monthly average. Designated Market Maker Fees Order Book Trades & Block Trades executed on M- accounts receive 50 percent fee rebate upon fulfilment of obligations in 50 percent of the products in the British SSDFs package (i.e. 8 out of 15 products). Respond to Eurex Pricing Requests Market Maker must respond to all Eurex Market Supervision Pricing Requests up to a maximum of two requests per contract per day - within 30 minutes - subject to this information being retained for use by Eurex in its calculations and not being for public dissemination in its original form Table 3 iii Maximum percentage spreads and minimum quote size permissible for fulfilment of Market- Making: Product Name Product ID 1st Expiry Maximum Spreads 2nd Expiry 3rd Expiry 1st Expiry Minimum Size 2nd Expiry Anglo American Dividend A2AL 100% 100% 100% AstraZeneca Dividend A2ZN 40% 45% 55% Aviva Dividend A2V 20% 25% 35% Barclays Dividend B3AR 200% 200% 200% BG Group Dividend B2G 40% 45% 55% BHP Billiton Dividend B2LT 100% 100% 100% BP Dividend B2P 100% 100% 100% BT Group Dividend B2T 40% 45% 55% Diageo Dividend D2GE 40% 45% 55% GlaxoSmithKline Dividend G3SK 40% 45% 55% HSBC Dividend H2SB 100% 100% 100% Royal Dutch Shell Dividend R2DA 20% 25% 35% Rio Tinto Dividend R2TZ 100% 100% 100% Tesco Dividend T2SC 20% 25% 35% Vodafone Group Dividend V4O 20% 25% 35% rd Expiry Valid from 1 September 2014 Page 5 of 7

7 Attachment 1 to Eurex Circular 185/14 4. Designated Market-Making scheme for Swiss Single Stock Dividend Outline This Designated Market-Making scheme covers Single Stock Dividend (SSDFs) on Swiss stocks which are combined in the Swiss SSDFs package for Designated Market-Making. The package allocation will be reviewed as and when additional Swiss SSDFs will be introduced. The Designated Market Maker will be obliged to provide two-way quotes only on a certain percentage of the SSDFs contained in the Swiss package. The quote size obligation of the third expiry is lower than those for the first and second expiries there is no obligation to quote longer expirations. Scheme obligations In the order book: Provision of quotes during the trading session Provision of two-way quotes for the first, second and third contracts in the series of each constituent listed - with a minimum size on the bid and ask side and with a maximum percentage spread as detailed in Table 4 below Provision of two-way quotes for each of the contracts in the series mentioned above - during 70 percent of the quotation period of the trading day, from 09:00 to 17:30CET, calculated on a monthly average. Designated Market Maker Fees Order Book Trades & Block Trades executed on M-accounts receive 50 percent fee rebate upon fulfilment of obligations in 50 percent of the products in the Swiss SSDFs package (i.e. 6 out of 11 products). Respond to Eurex Pricing Requests Market Maker must respond to all Eurex Market Supervision pricing requests up to a maximum of two requests per contract per day - within 30 minutes - subject to this information being retained for use by Eurex in its calculations and not being for public dissemination in its original form Valid from 1 September 2014 Page 6 of 7

8 Attachment 1 to Eurex Circular 185/14 Table 4 iv Maximum percentage spreads and minimum quote size permissible for fulfilment of Market- Making: Maximum Spreads Minimum Size Product 1st 2nd 3rd 1st 2nd 3rd Product Name ID Expiry Expiry Expiry Expiry Expiry Expiry ABB Dividend A2BB 40% 45% 55% Cie Financière Richemont Dividend C2FR 40% 45% 55% Credit Suisse Group Dividend C3SG 20% 25% 35% Nestlé Dividend N2ES 20% 25% 35% Novartis Dividend N2OV 20% 25% 35% Roche Holding Dividend R2OG 20% 25% 35% Swisscom Dividend S2CM 20% 25% 35% Swiss Re Dividend S4RE 20% 25% 35% Syngenta Dividend S2YN 20% 25% 35% UBS Dividend U2BS 200% 200% 200% Zurich Financial Services Dividend Z2UR 20% 25% 35% For the avoidance of doubt: Where the first expiry in the contract series is December 2014 and the permissible percentage spread is noted as 20 percent for that expiry - then to fulfil the obligations the offer price must be no greater than the bid price plus 20 percent of that bid price. For example: If the quoted bid is 3.50 and the permissible percentage spread is 20 percent then the offer price must be no greater than If a successor product in one of the underlying instruments is admitted for trading with a standard contract size due to a corporate action, the successor product will become part of the Quotation Requirements with effect from the first trading day of the next calendar month. This shall also apply if any index component is changed. i Designated Market Maker Fee Cap: The sum of transaction fees for all existing and new SSDF contracts traded on M- and P-accounts will be capped for each Designated Market Maker for a 12 months fee cap period (1 Sep 2014 to 31 Aug 2015) to 600,000 Euro, if the quote obligations for the defined Market Maker package EURO STOXX 50 Single Stock Dividend and one selected second SSDF package (respective package combination to be ticked in Designated Market Maker Application Form) are fulfilled in at least 11 months for both packages. ii See above (endnote I) iii See above (endnote I) iv See above (endnote I) Valid from 1 September 2014 Page 7 of 7

9 e u rex c leari ng Datum: 18. August 2014 Empfänger: Alle Clearing-Mitglieder der Eurex Clearing AG und Vendoren Autorisiert von: Heike Eckert Hohe Priorität Aktiendividenden-: Neue Transaktionsentgelte und Begrenzung der Transaktionsentgelte für Designated Market-Maker Verweis auf Eurex Clearing-Rundschreiben: 058/13, 109/13, 135/13 Verweis auf Eurex-Rundschreiben: 185/14 Kontakt: Paul Beck, Sales & Marketing, T , paul.beck@eurexclearing.com, Elie Rasolo, Pricing, T , elie.rasolofondranohatra@eurexclearing.com Zielgruppe: Anhang: D Alle Abteilungen 1. Transaktionsentgelte für Aktiendividenden- für den Zeitraum vom 1. September 2014 bis 31. August Designated Market Maker Rebate Agreement (nur in Englisch) Zusammenfassung: Der Vorstand der Eurex Clearing AG hat die genaue Höhe der Transaktionsentgelte je Aktiendividenden- Future zum Stichtag festgelegt. Für den Zeitraum vom 1. September 2014 bis 31. August 2015 gelten die Transaktionsentgelte, die in Anhang 1 aufgeführt sind. Darüber hinaus wird die Summe der Transaktionsentgelte für auf dem M- und P-Konto jedes Designated Market-Maker in allen bestehenden und neuen Aktiendividenden- für einen 12- monatigen Zeitraum vom 1. September 2014 bis 31. August 2015 auf EUR begrenzt, wenn die von der Eurex Deutschland und der Eurex Zürich AG definierten Verpflichtungen erfüllt sind. Eurex Clearing AG Mergenthalerallee Eschborn Postanschrift: Frankfurt/Main Deutschland T F memberservices@ eurexclearing.com Internet: Vorsitzender des Aufsichtsrats: Dr. Hugo Bänziger Vorstand: Dr. Thomas Book (Vorsitzender), Heike Eckert, Matthias Graulich, Thomas Laux, Erik Tim Müller Aktiengesellschaft mit Sitz in Frankfurt/Main HRB Nr USt-IdNr. DE Amtsgericht Frankfurt/Main

10 eurex clearing Aktiendividenden-: Neue Transaktionsentgelte und Begrenzung der Transaktionsentgelte für Designated Market-Maker 1. Neue Transaktionsentgelte ab dem 1. September 2014 Das Eurex Preismodell für Aktiendividenden- umfasst gestaffelte Transaktionsentgelte, die nach der Höhe der zu erwartenden Dividenden der jeweils zugrunde liegenden Aktie differenziert sind. Die genaue Höhe der Transaktionsentgelte je Aktiendividenden-Future wird einmal pro Jahr festgelegt und per Eurex Clearing-Rundschreiben bekannt gegeben. Der Vorstand der Eurex Clearing AG hat die genaue Höhe der Transaktionsentgelte je Aktiendividenden- Future zum Stichtag festgelegt. Für den Zeitraum vom 1. September 2014 bis 31. August 2015 gelten die Transaktionsentgelte, die im Anhang aufgeführt sind. 2. Begrenzung der Transaktionsentgelte für Designated Market-Maker Das laufende Designated Market-Making-Programm für Aktiendividenden- wird mit Wirkung zum 1. September 2014 angepasst und bis zum 31. August 2015 verlängert. Die Summe der Transaktionsentgelte für auf dem M- und P-Konto jedes Designated Market Maker in allen bestehenden und neuen Aktiendividenden- für einen 12-monatigen Zeitraum vom 1. September 2014 bis 31. August 2015 wird auf EUR begrenzt, wenn die von der Eurex Deutschland und der Eurex Zürich AG definierten Quotierungsverpflichtungen für a) Aktiendividenden- auf Dividenden von Komponenten des EURO STOXX 50 -Index und b) eines ausgewählten zweiten Pakets (Aktiendividenden- auf Dividenden von nicht-euro STOXX 50 -Komponenten, britische Aktiendividenden- oder Schweizer Aktiendividenden-) in mindestens elf Monaten erfüllt werden. Details zu den genauen Parametern des Designated Market-Making-Programms für Aktendividenden- entnehmen Sie bitte Eurex-Rundschreiben 185/14. Mitglieder, die sich für die Begrenzung der Transaktionsentgelte anmelden möchten, benutzen hierfür bitte das Formular in Anhang August 2014 Seite 1 von 1

11 Anhang 1 zu Eurex Clearing-Rundschreiben 113/14 Transaktionsentgelte für Aktiendividenden- für den Zeitraum vom 1. September 2014 bis 31. August 2015 Entgelt pro Kontrakt Gruppen kennung BE21 Produkt- ID I2TK Produktname Anheuser-Busch-InBev Dividend Orderbuch- Off-Book- Barausgleich Währung 1,20 1,80 1,20 EUR CH21 A2BB ABB Dividend 1,10 1,65 1,10 CHF CH21 CH21 CH21 C2FR C2SG C3SG Cie Financière Richemont Dividend Credit Suisse Group Dividend Credit Suisse Group Dividend 1,60 2,40 1,60 CHF 1,10 1,65 1,10 CHF 1,10 1,65 1,10 CHF CH21 N2ES Nestlé Dividend 1,60 2,40 1,60 CHF CH21 N2OV Novartis Dividend 1,60 2,40 1,60 CHF CH21 R2OG Roche Holding Dividend 1,60 2,40 1,60 CHF CH21 S2RE Swiss Re Dividend 1,60 2,40 1,60 CHF CH21 S3RE Swiss Re Dividend 1,60 2,40 1,60 CHF CH21 S2CM Swisscom Dividend 1,60 2,40 1,60 CHF CH21 S2YN Syngenta Dividend 1,60 2,40 1,60 CHF CH21 U2BS UBS Dividend 0,80 1,20 0,80 CHF CH21 Z2UR Zurich Financial Services Dividend 1,60 2,40 1,60 CHF DE21 A2DS Adidas Dividend 1,20 1,80 1,20 EUR DE21 A2LV Allianz Dividend 1,20 1,80 1,20 EUR DE21 B2AS BASF Dividend 1,20 1,80 1,20 EUR DE21 B2AY Bayer Dividend 1,20 1,80 1,20 EUR DE21 B2MW BMW Dividend 1,20 1,80 1,20 EUR DE21 D2AI Daimler Dividend 1,20 1,80 1,20 EUR DE21 D2BK Deutsche Bank Dividend 0,80 1,20 0,80 EUR Seite 1 von 7

12 Anhang 1 zu Eurex Clearing-Rundschreiben 113/14 Entgelt pro Kontrakt Gruppen kennung Produkt- ID Produktname Orderbuch- Off-Book- Barausgleich Währung DE21 D3BK Deutsche Bank Dividend 0,80 1,20 0,80 EUR DE21 D2B1 Deutsche Börse Dividend 1,20 1,80 1,20 EUR DE21 D3B1 Deutsche Börse Dividend 1,20 1,80 1,20 EUR DE21 D2PW Deutsche Post Dividend 1,00 1,50 1,00 EUR DE21 D2TE Deutsche Telekom Dividend 0,60 0,90 0,60 EUR DE21 E2OA E,ON Dividend 0,60 0,90 0,60 EUR DE21 M2EO Metro Dividend 1,00 1,50 1,00 EUR DE21 M2UV Münchener Rück Dividend 1,20 1,80 1,20 EUR DE21 R2WE RWE Dividend 1,00 1,50 1,00 EUR DE21 R3WE RWE Dividend 1,00 1,50 1,00 EUR DE21 S2AP SAP Dividend 1,20 1,80 1,20 EUR DE21 S3AP SAP Dividend 1,20 1,80 1,20 EUR DE21 S2IE Siemens Dividend 1,20 1,80 1,20 EUR DE21 S3IE Siemens Dividend 1,20 1,80 1,20 EUR DE21 T2KA ThyssenKrupp Dividend 0,20 0,30 0,20 EUR DE21 V2W3 VW pref, Dividend 1,20 1,80 1,20 EUR ES21 ES21 B2BV B3BV Banco Bilbao Vizcaya Argentaria Dividend Banco Bilbao Vizcaya Argentaria Dividend 0,60 0,90 0,60 EUR 0,60 0,90 0,60 EUR ES21 S2SD Banco Santander Dividend 0,60 0,90 0,60 EUR ES21 I2BE Iberdrola Dividend 0,60 0,90 0,60 EUR ES21 I2XD Inditex Dividend 0,60 0,90 0,60 EUR ES21 I3XD Inditex Dividend 0,60 0,90 0,60 EUR ES21 I4XD Inditex Dividend 0,60 0,90 0,60 EUR Seite 2 von 7

13 Anhang 1 zu Eurex Clearing-Rundschreiben 113/14 Entgelt pro Kontrakt Gruppen kennung Produkt- ID Produktname Orderbuch- Off-Book- Barausgleich Währung ES21 R2EP Repsol Dividend 1,00 1,50 1,00 EUR ES21 R3EP Repsol Dividend 1,00 1,50 1,00 EUR ES21 T1NE Telefónica Dividend 0,80 1,20 0,80 EUR ES21 T2NE Telefónica Dividend 0,80 1,20 0,80 EUR FI21 N2OA Nokia Dividend 0,20 0,30 0,20 EUR FI21 N3OA Nokia Dividend 0,20 0,30 0,20 EUR FR21 A3IR Air Liquide Dividend 1,20 1,80 1,20 EUR FR21 A4IR Air Liquide Dividend 1,20 1,80 1,20 EUR FR21 A2OM ALSTOM Dividend 0,60 0,90 0,60 EUR FR21 A2XA AXA Dividend 1,00 1,50 1,00 EUR FR21 B2NP BNP Paribas Dividend 1,20 1,80 1,20 EUR FR21 C2AR Carrefour Basket Dividend 0,80 1,20 0,80 EUR FR21 C3AR Carrefour Dividend 0,80 1,20 0,80 EUR FR21 X2CA Crédit Agricole Dividend 0,60 0,90 0,60 EUR FR21 B2SN Danone Dividend 1,20 1,80 1,20 EUR FR21 E2AS EADS Dividend 1,20 1,80 1,20 EUR FR21 FR21 E2DF E2SL Electricité de France Dividend Essilor International Dividend 1,20 1,80 1,20 EUR 1,20 1,80 1,20 EUR FR21 G2ZF GDF Suez Dividend 1,00 1,50 1,00 EUR FR21 P2PX Kering Dividend 1,20 1,80 1,20 EUR FR21 L2OR L'Oréal Dividend 1,20 1,80 1,20 EUR FR21 M2OH LVMH Dividend 1,20 1,80 1,20 EUR FR21 F1TE Orange Dividend 0,80 1,20 0,80 EUR Seite 3 von 7

14 Anhang 1 zu Eurex Clearing-Rundschreiben 113/14 Entgelt pro Kontrakt Gruppen kennung Produkt- ID Produktname Orderbuch- Off-Book- Barausgleich Währung FR21 F2TE Orange Dividend 0,80 1,20 0,80 EUR FR21 P2ER Pernot-Ricard Dividend 1,20 1,80 1,20 EUR FR21 R2NL Renault Dividend 1,20 1,80 1,20 EUR FR21 G2OB Saint-Gobain Dividend 1,20 1,80 1,20 EUR FR21 S2NW Sanofi Dividend 1,20 1,80 1,20 EUR FR21 FR21 S2ND S3ND Schneider Electric Dividend Schneider Electric Dividend 1,20 1,80 1,20 EUR 1,20 1,80 1,20 EUR FR21 S2GE Société Générale Dividend 1,20 1,80 1,20 EUR FR21 T2OT TOTAL Dividend 1,20 1,80 1,20 EUR FR21 S2QU Vinci Dividend 1,20 1,80 1,20 EUR FR21 V2VU Vivendi Universal Dividend 0,60 0,90 0,60 EUR FR21 V3VU Vivendi Universal Dividend 0,60 0,90 0,60 EUR GB21 A2V Aviva Dividend 0,04 0,06 0,04 GBP GB21 B2AR Barclays Dividend 0,04 0,06 0,04 GBP GB21 B3AR Barclays Dividend 0,04 0,06 0,04 GBP GB21 B2G BG Group Dividend 0,04 0,06 0,04 GBP GB21 B2P BP Dividend 0,04 0,06 0,04 GBP GB21 B2T BT Group Dividend 0,04 0,06 0,04 GBP GB21 D2GE Diageo Dividend 0,20 0,30 0,20 GBP GB21 G2SK GlaxoSmithKline Dividend 0,26 0,39 0,26 GBP GB21 G3SK GlaxoSmithKline Dividend 0,26 0,39 0,26 GBP GB21 R2TZ Rio Tinto Dividend 0,30 0,45 0,30 GBP GB21 T2SC Tesco Dividend 0,04 0,06 0,04 GBP Seite 4 von 7

15 Anhang 1 zu Eurex Clearing-Rundschreiben 113/14 Entgelt pro Kontrakt Gruppen kennung Produkt- ID Produktname Orderbuch- Off-Book- Barausgleich Währung GB21 V2O Vodafone Group Dividend 0,04 0,06 0,04 GBP GB21 V3O Vodafone Group Dividend 0,04 0,06 0,04 GBP GB21 V4O Vodafone Group Dividend 0,04 0,06 0,04 GBP GB22 A2AL Anglo American Dividend 1,00 1,50 1,00 USD GB22 A2ZN AstraZeneca Dividend 1,20 1,80 1,20 USD GB22 B2LT BHP Billiton Dividend 1,20 1,80 1,20 USD GB22 H2SB HSBC Dividend 0,80 1,20 0,80 USD GB23 R2DA Royal Dutch Shell Dividend 1,20 1,80 1,20 EUR IE21 C2RG CRH Dividend 0,80 1,20 0,80 EUR IT21 A2SG Assicurazioni Generali Dividend 0,80 1,20 0,80 EUR IT21 E2NL Enel Dividend 0,20 0,30 0,20 EUR IT21 E2NT Eni Dividend 1,20 1,80 1,20 EUR IT21 I2ES Intesa Sanpaolo Dividend 0,20 0,30 0,20 EUR IT21 I3ES Intesa Sanpaolo Dividend 0,20 0,30 0,20 EUR IT21 T2QI Telecom Italia Dividend 0,20 0,30 0,20 EUR IT21 C2RI UniCredit Dividend 0,20 0,30 0,20 EUR IT21 C3RI UniCredit Dividend 0,20 0,30 0,20 EUR NL21 A2EN AEGON Dividend 0,20 0,30 0,20 EUR NL21 I2SP Arcelor Mittal Dividend 0,20 0,30 0,20 EUR NL21 A2SM ASML Holding Dividend 0,80 1,20 0,80 EUR NL21 I2NN ING Dividend 0,20 0,30 0,20 EUR NL21 P2HI Philips Dividend 1,00 1,50 1,00 EUR NL21 K2PN Royal KPN Dividend 0,20 0,30 0,20 EUR Seite 5 von 7

16 Anhang 1 zu Eurex Clearing-Rundschreiben 113/14 Entgelt pro Kontrakt Gruppen kennung Produkt- ID Produktname Orderbuch- Off-Book- Barausgleich Währung NL21 K3PN Royal KPN Dividend 0,20 0,30 0,20 EUR NL21 U2BL Unibail-Rodamco Dividend 1,20 1,80 1,20 EUR NL21 U2NI Unilever NV Dividend 1,20 1,80 1,20 EUR US21 M2MM 3M Co Dividend 1,20 1,80 1,20 USD US21 M2OF Altria Group Inc Dividend 1,20 1,80 1,20 USD US21 US21 B2AC B2MY Bank of America Corp Dividend Bristol-Myers Squibb Co Dividend 0,20 0,30 0,20 USD 1,20 1,80 1,20 USD US21 C2VX Chevron Corp Dividend 1,20 1,80 1,20 USD US21 C2IT Citigroup Inc Dividend 0,20 0,30 0,20 USD US21 US21 US21 US21 US21 K2OF G2EC I2BM J2NJ J2PM Coca-Cola Co., The Dividend General Electric Co Dividend Intl Business Machines Corp. Dividend Johnson & Johnson Dividend JPMorgan Chase & Co Dividend 1,20 1,80 1,20 USD 1,00 1,50 1,00 USD 1,20 1,80 1,20 USD 1,20 1,80 1,20 USD 1,20 1,80 1,20 USD US21 M2CD McDonald's Corp Dividend 1,20 1,80 1,20 USD US21 P2EP PepsiCo Inc Dividend 1,20 1,80 1,20 USD US21 P2FE Pfizer Inc Dividend 1,20 1,80 1,20 USD US21 US21 P2M W2MT Philip Morris International In Dividend Wal-Mart Stores Inc Dividend 1,20 1,80 1,20 USD 1,20 1,80 1,20 USD US22 A2MZ Amazon.com Inc Dividend 0,20 0,30 0,20 USD US22 A2AP Apple Inc Dividend 1,20 1,80 1,20 USD US22 C2SC Cisco Systems Inc Dividend 1,00 1,50 1,00 USD US22 I2NT Intel Corp Dividend 1,00 1,50 1,00 USD US22 M2ST Microsoft Corp Dividend 1,20 1,80 1,20 USD Seite 6 von 7

17 Anhang 1 zu Eurex Clearing-Rundschreiben 113/14 Die Zuordnung des Entgeltes eines einzelnen Aktiendividenden- basiert auf der für den Aktiendividenden-Future maßgeblichen Dividende am jeweiligen Stichtag mit Wirksamkeit zum 1. September jeden Jahres und wird jeweils durch Rundschreiben bekannt gegeben. Stichtag ist der letzte Handelstag im Juli eines jeden Jahres. Wird in einem Aktiendividenden-Future aufgrund einer Kapitalmaßnahme in der zugrundeliegenden Aktie ein Nachfolgeprodukt zum Handel zugelassen, gelten die dem Vorgängerprodukt zugewiesene Transaktionsentgelte auch für das Nachfolgeprodukt. Seite 7 von 7

18 Attachment 2 to Eurex Clearing circular 113/14 Please return by fax to: Lorena Dishnica/Christine Heyde Fax no.: Designated Market Maker Rebate Agreement in Single Stock Dividend on dividends of constituents of EURO STOXX 50 Index, non-constituents of EURO STOXX 50 Index, Swiss stocks and British stocks 1. Eurex Clearing AG (Eurex Clearing) and ( Member ) (name of Member) hereby enter into this Designated Market Maker Rebate Agreement (the Agreement ) under the conditions as outlined below with respect to the following products. Single Stock Dividend on dividends of: x x x x Constituents of EURO STOXX 50 Index Non-constituents of EURO STOXX 50 Index Swiss stocks British stocks and (as ticked) the following package combination to qualify for the Designated Market Maker fee cap (according to no. 3b of this Agreement): x Single Stock Dividend on dividends of constituents of EURO STOXX 50 Index and Non-constituents of EURO STOXX 50 Index x Single Stock Dividend on dividends of constituents of EURO STOXX 50 Index and on dividends of Swiss stocks x Single Stock Dividend on dividends of constituents of EURO STOXX 50 Index and on dividends of British stocks for the period from 1 September 2014 until 31 August Valid from 1 September 2014 Page 1 of 3

19 Attachment 2 to Eurex Clearing circular 113/14 2. The Member will a) Fulfil the Market-Making obligations as set out by the Management Boards of the Eurex Exchanges ( Eurex Market-Making Obligations ) and published via Eurex circular. The current Eurex Market-Making Obligations for Single Stock Dividend are published in Eurex circular 185/14 and can be amended from time to time; b) provide Eurex Clearing with the name of a manager, and an alternate, who has the authorization and expertise necessary to fulfil the commitments required under the Eurex Market-Making Obligations; c) provide Eurex Clearing with the name of a manager who has the authorization and expertise necessary to make decisions and act as the coordinator for the Participant, who will be available for Eurex with respect to this Agreement and d) inform Eurex Clearing in the event the Member is or will be unable to fulfil the Eurex Market- Making Obligations without undue delay and at the latest within one business day. 3. Eurex Clearing will a) Refund 50 percent of all transaction fees (order book and off-book-transactions on the Eurex Exchanges) for the contracts traded by the Designated Market Makers on M- accounts up to and including 31 August The refund for the respective month will be calculated at the beginning of the subsequent month. Refunds will be paid in full only if the Eurex Market-Making Obligations have been fulfilled in the month prior to the month in which they are applicable. No refunds will be made for contracts traded on A- or P-accounts; b) cap the sum of transaction fees for all existing and new SSDF contracts traded on M- and P- accounts for each Designated Market Maker for a 12 months fee cap period (1 Sep 2014 to 31 Aug 2015) to 600,000 Euro, if the quote obligations in one of the selected package combinations (as selected in no. 1 of this Agreement) are fulfilled in at least 11 months counted as of the date of this Agreement for both packages. Valid from 1 September 2014 Page 2 of 3

20 Attachment 2 to Eurex Clearing circular 113/14 4. Eurex Clearing shall, upon the occurrence of one of the following events be entitled to terminate this Agreement: a) The Member does not comply with the Eurex Market-Making Obligations for four consecutive months counted as of the date of this Agreement. The conformance of the Member with the Eurex Market-Making Obligations shall be monitored by Eurex Clearing. Eurex Clearing will determine in its sole discretion whether the Member has fulfilled the Eurex Market-Making Obligations. Eurex Clearing can rely on information from the Eurex Exchanges for its assessment. b) The Member does not comply with any other of its obligations stated under No. 2 above. 5. The Member shall, upon the occurrence of one of the following events be entitled to terminate this Agreement: a) A significant change in the Contract Specifications for Contracts and Options Contracts at Eurex Deutschland and Eurex Zürich for Single Stock Dividend, b) A significant change to the Eurex Market-Making Obligations. 6. The Member and Eurex Clearing shall be entitled to terminate this Agreement without giving any reason with one calendar month prior notice. SHOULD BE FILLED OUT BY THE PERSON DESIGNATED IN ACCORDANCE WITH PARAGRAPH 2. b) Place, date Name Position Phone Fax (Signature / Stamp of the company) address Please return the completed Agreement to the fax number indicated above. Valid from 1 September 2014 Page 3 of 3