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eTriParty

eTriParty

Eurex Repo offers an electronic trading solution for bilateral repos with standardized baskets and open quote book. Executed trades will then be collateralized by Clearstream's Global Liquidity Hub.

The standardization of the bilateral Triparty Repo Market (eTriParty) allows participants to efficiently initiate transactions and benefit from straight-through-processing of Deutsche Börse Group.

Overview of content

Principles

eTriParty offers bilateral secured funding transactions without the involvement of Eurex Clearing as central counterparty (CCP). It provides an open order book and in addition the possibility to negotiate the trade details individually.

Although the participants need a bilateral account set-up within the Clearstream Banking's collateral management system, they are set-up with the same standardized baskets and currencies.

Standardized baskets

Three fixed income and one equity basket

Cash currencies

EUR, USD, CHF, GBP, AUD, CAD, JPY, DKK

Terms

Multiple standard terms from overnight until two years are offered: OverNight, TomNext, SpotNext, SpotTerm, FlexTerm

Fee model

  • No transaction fee for cash providers
  • Transaction fee for cash takers: 1bp
  • Annual fee of EUR 10.000 unless an existing Eurex Repo participant

Trading hours

07:30 - 18:00 CET

Cut-off times for Overnights:

CAD    18:00 CET                        
CHF    12:00 CET
DKK    12:00 CET
EUR    14:15 CET
GBP    14:30 CET
USD    18:00 CET

No Overnight trading in AUD and JPY.

Contract Size

Minimum EUR, USD, CHF, GBP, AUD, CAD, JPY, DKK  1 Million

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