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Press release Box-ID: 199620

Gruppe Deutsche Börse AG Neue Börsenstr. 1 60487 Frankfurt am Main, Germany http://www.deutsche-boerse.com
Contact Gruppe Deutsche Börse AG +49 69 21111500
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Gruppe Deutsche Börse AG

Eurex Clearing to expand service offering in cash market

Three different service offerings for clearing of transactions from November 2008/ First Clearing House with alternative service offerings for netting of positions

(PresseBox) (Frankfurt am Main, )
Starting November 2008, Eurex Clearing is to offer three different service packages for clearing of cash market transactions. As alternatives to the current comprehensive offering (to be called "Full Service" in the future),

Eurex Clearing will also offer a "Basic Net Service" and an "Extended Net Service". In the "Basic Net Service", all transactions will be automatically netted at the end of the trading day with the clearing participant being informed about the remaining net position. With the "Extended Net Service",

clearing participants will also have the option of further managing their net positions until settlement date. The new service packages primarily address the requirements for proprietary trading and of institutional investors, for example in algorithmic trading. "Full Service", which will continue to be offered, enables clearing participants to manage each individual trade until fulfillment.

"Eurex Clearing is the first Clearing House offering differentiated service

packages for netting. This innovation allows our clearing members to provide their own clients with individual offers tailored to their business models,"

said Thomas Book, Eurex Board Member for clearing.

New prices apply along with the different service offerings, which allow cost savings of up to 40 percent for clearing customers depending on the selected clearing model. In particular, customers with lower information needs and high trading volumes will benefit.

On the basis of the volume figures of the first half of 2008, Eurex Clearing members would benefit from savings for clearing Xetra transactions of a projected € 25 million per year - depending on the change to the new service offerings. Due to the price sensitivity of trading models, Deutsche Börse expects positive impacts on transaction volumes and a correspondingly large compensation of the price effects on turnover.
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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.