Eurex Clearing - Give-up/take-up

Clearing Transaction management Transaction management listed derivatives Give-up/take-up
Give-up/take-up
We make it possible for Clearing Members to perform give-ups and take-ups. Certain rules apply:
• Transactions can be given up from the agent accounts (A1-A9) and from the principal account
(P1/P2 - NCMs only).
• Transactions can be taken up in the agent accounts (A1-A9) and in principal accounts (P1/P2).
• Give-ups and take-ups may only be performed for transactions executed on the same trading day
(current give-up) or the second last trading day (historical give-up).
All give-up and take-up transactions require that the Exchange Participant and its respective Clearing
Member accept them. Members may accept these transactions automatically (Clearing Member
approval for the underlying Exchange Participant transaction only) or manually.
Acceptance must take place on the same day as the transaction took place. If a give-up transaction is
not accepted by the end of the post full-trading period, the transaction remains in the agent account
(A1/or P1, where no A account exists) of the original Exchange Participant. However, if a give-up
transaction is not fully processed at the end of the day and has not reached the state “Take-Up
Accepted” or “Rejected” it will be automatically re-allocated as a historical give-up on the next day.
Deleted or rejected give-up transactions also remain in the agent account of the exchange member.
Transactions originating from combination orders can only be transferred as single give-up
transactions.
Give-up transactions cannot be undertaken for products that are in “holiday” status. No historical giveup
is possible the next business day for products that are on “holiday” the day before.
What is a give-up/take-up?

The give-up functionality allows members to transfer transactions to other members. The receiving
member and the respective Clearing Member must accept the give-up for it to become valid. Only
transactions originating on the trading day (current give-up) or the previous T-2 trading day (historical
give-up) may be designated for give-up. The acceptance of transferred transactions is called take-up.
In our clearing brochure you’ll find more indepth information.
Benefit from eGAINS
Since Eurex Clearing supports the eGAINS service from the FIA Technology Services, Inc., we will
submit give-up and take-up information for all participating members to the eGAINS system.
What is eGAINS?
The eGAINS service is aimed to address inefficiencies in the brokerage, billing and payment process related
to the processing of give-ups to allow for an electronic handling, reconciliation and break-management
between executing and clearing brokers.
The eGAINS service is offered by FIA Technology Services, Inc., a wholly-owned subsidiary of FIA (Futures
Industry Association).
How does Eurex support eGAINS?
Eurex Clearing incorporates a daily transfer of give-up and take-up related transaction data to the eGAINS
system. To comply with data protection and privacy only give-up and take-up data where all involved
parties have subscribed to the eGAINS service will be prepared for transmission to the eGAINS system.
How can a member participate in the eGAINS service?
In order to participate in this automated billing service, interested firms need to initiate an eGAINS
agreement with the FIA Technology Service, Inc. This agreement covers the authorization to access
participants' data and the authorization to pull the necessary funds from the participants' accounts.
Following this agreement between the participant and the FIA Technology Services, Inc., the members will
be set up accordingly by Eurex Clearing.
The following members are participating in the eGAINS service so far :

Company name Member ID
Dresdner Kleinwort KLBLO
Tradition Securities and Futures STAPA
Barclays Capital BZWFR
Bache Commodities Ltd. PRULO
MF Global UK Ltd. EDFLO
Goldman Sachs International GSIEB
Marex Financial Ltd. MFLLO
ADM Investor Services International Ltd. ADMLO
Deutsche Bank DBKFR
Link TLALO
Citigroup SAILO
Merrill Lynch International MLILO
The Royal Bank of Scotland BOSLO
JPMorgan JPMFR
Morgan Stanley & Co. International PLC MGILO
Voltrex Limited VTXLO
Credit Suisse Europe (Securities) CSBLO
HSBC Bank MIDLO
Newedge Group (UK Branch) FIMFR
R.J. O'Brien & Associates LLC ROBCH
Nomura International PLC NOICX
UBS SBVZH
Royal Bank of Canada Europe Limited RBOLO
Further information
FIA website on eGAins

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