Press

At the request of its market participants, Eurex is offering a special so-called rollover facility for the March contracts in the BUND, BOBL and SHAZ futures, making it possible to transfer open positions from one settlement month to the next settlement month. DM-denominated futures on German federal bonds run out as of the March contract date on March 8; only futures denominated in euros will be available after that time. The new functionality, a technically modified version of the inter-product spreads, allows participants with open positions in the DM March BUND, which runs out on March 8, 1999, for example, to move over directly into the Euro June BUND (FGBL). Eurex is thus giving the participants an additional trading functionality that enables them to roll over and switch into the euro contracts at the same time. The new functionality is available as of February 25.

More detailed information about the new facility can be found at the Eurex website under www.eurexchange.com/ Entrance Hall/News and Events/Product News.