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Long-Term Euro-BTP Futures

Long-Term Euro-BTP Futures (FBTP)

Product ISIN
DE000A0ZW3V8
Currency
EUR

Latest

Prices/Quotes

Displayed data is 15 minutes delayed. Last trade:

Orderbook

Opening PriceHighLowBid PriceBid VolumeAsk PriceAsk VolumeDiff. to previous dayLast PriceDateTimeDaily Settlem. PriceTraded ContractsOpen Interest (adj.)Open Interest DateLast Trading Day
No Future found

Statistics

Data is for Oct 21, 2014   Last update: Oct 22, 2014 00:00:00

Product type:
F
Stock Exchange:
n/a
Underlying closing price:
0
Delivery monthOpening priceDaily HighDaily LowClosing priceSettlem. priceTraded contractsOpen Interest (adj.)*
Dec 14128.00129.07127.61128.86128.68117,141224,538
Mar 150.000.000.000.00127.6808
Jun 150.000.000.000.00128.6800
Total     117,141224,546

Vendor Codes

Vendor NameVendor Code
Bloomberg L.P.IKA cmdty
CQGFBTP
interactive dataFBTPmy
thomsonreuters<0#FBTP:>

Trading

Contract Specifications

Version : 11 Mar 2013

Contract Standards

Notional short-, medium- or long-term debt instruments issued by the Federal Republic of Germany, the Republic of Italy, the Republic of France or the Swiss Confederation with remaining terms and a coupon of:

Contract

Product ID

Remaining Term

Years

Coupon

Percent

Currency

Euro-Schatz Futures

FGBS

1.75 to 2.25

6

EUR

Euro-Bobl Futures

FGBM

4.5 to 5.5

6

EUR

Euro-Bund Futures

FGBL

8.5 to 10.5

6

EUR

Euro-Buxl® Futures

FGBX

24.0 to 35.0

4

EUR

Short-Term Euro-BTP Futures

FBTS

2 to 3.25

6

EUR

Mid-Term Euro-BTP Futures

FBTM

4.5 to 6

6

EUR

Long-Term Euro-BTP Futures

FBTP

8.5 to 11

6

EUR

Mid-Term Euro-OAT FuturesFOAM4.5 to 5.56EUR

Euro-OAT Futures

FOAT

8.5 to 10.5

6

EUR

CONF Futures

CONF

8.0 to 13.0

6

CHF

 

Contract Values

EUR 100,000 or CHF 100,000.

 

Settlement

A delivery obligation arising out of a short position may only be fulfilled by the delivery of certain debt securities issued by the Federal Republic of Germany, the Republic of Italy, the Republic of France or the Swiss Confederation with a remaining term on the Delivery Day within the remaining term of the underlying. Settlement of debt securities issued by the Republic of France in case of physical delivery will be done via Clearstream Banking Luxemburg.

Debt securities issued by the Federal Republic of Germany must have an original term of no longer than 11 years.

Debt securities issued by the Republic of Italy must have an original term of no longer than 16 years (only for Long-Term Euro-BTP Futures).

Debt securities issued by the Republic of France must have an original term of no longer than 17 years.

In the case of callable bonds issued by the Swiss Confederation, the first and the last call dates must be between eight and 13 years.

Debt securities must have a minimum issue amount of EUR 5 billion, such issued by the Republic of Italy no later than ten exchange days prior to the Last Trading Day of the current maturity month, otherwise, they shall not be deliverable until the delivery day of the current maturity month.

Debt securities issued by the Swiss Confederation must have a minimum issue amount of CHF 500 million.

 

Price Quotation and Minimum Price Change

The Price Quotation is in percent of the par value.

Contract

Minimum Price Change

Percent

Value

Euro-Schatz Futures

0.005

EUR 5

Euro-Bobl Futures

0.01

EUR 10

Euro-Bund Futures

0.01

EUR 10

Euro-Buxl® Futures

0.02

EUR 20

Short-Term Euro-BTP Futures

0.01

EUR 10

Mid-Term Euro-BTP Futures

0.01

EUR 10

Long-Term Euro-BTP Futures

0.01

EUR 10

Mid-Term Euro-OAT Futures0.01EUR 10

Euro-OAT Futures

0.01

EUR 10

CONF Futures

0.01

CHF 10

 

Contract Months

Up to 9 months:The three nearest quarterly months of the March, June, September and December cycle.

 

Delivery Day

The tenth calendar day of the respective quarterly month, if this day is an exchange day; otherwise, the exchange day immediately succeeding that day.

 

Notification

Clearing members with open short positions must notify Eurex on the Last Trading Day of the maturing futures which debt instrument they will deliver. Such notification must be given by the end of the Post-Trading Full Period.

 

Last Trading Day

Two exchange days prior to the Delivery Day of the relevant maturity month. Close of trading in the maturing futures on the Last Trading Day is at 12:30 CET.

 

Daily Settlement Price

The Daily Settlement Prices for the current maturity month of CONF Futures are determined during the closing auction of the respective futures contract.

For all other fixed income futures, the Daily Settlement Price for the current maturity month is derived from the volume-weighted average of the prices of all transactions during the minute before 17:15 CET (reference point), provided that more than five trades transacted within this period.

For the remaining maturity months the Daily Settlement Price for a contract is determined based on the average bid/ask spread of the combination order book.

 

Final Settlement Price

The Final Settlement Price is established by Eurex on the Final Settlement Day at 12:30 CET based on the volume-weighted average price of all trades during the final minute of trading provided that more than ten trades occurred during this minute; otherwise the volume-weighted average price of the last ten trades of the day, provided that these are not older than 30 minutes. If such a price cannot be determined, or does not reasonably reflect the prevailing market conditions, Eurex will establish the Final Settlement Price.

 

 

Fixed Income Futures are available for trading in the U.S.

Trading Calendar

  • 02 Jan 2014
    Fixed Income Derivatives | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss fixed income derivatives

  • 02 Jan 2014
    Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Funds Derivatives | Interest Rate Derivatives | Switzerland | Holiday

    No cash payment in CHF

  • 24 Jan 2014
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 27 Jan 2014
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 21 Feb 2014
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 24 Feb 2014
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 06 Mar 2014
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for fixed income futures

  • 10 Mar 2014
    Fixed Income Derivatives | Delivery Day

    Delivery Day for fixed income futures

  • 21 Mar 2014
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 24 Mar 2014
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 18 Apr 2014
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 21 Apr 2014
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 25 Apr 2014
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 28 Apr 2014
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 01 May 2014
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 23 May 2014
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 26 May 2014
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 29 May 2014
    Fixed Income Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Funds Derivatives | Switzerland | Holiday

    No cash payment in CHF

  • 29 May 2014
    Fixed Income Derivatives | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss fixed income derivatives

  • 05 Jun 2014
    Fixed Income Derivatives | Switzerland | Last Trading Day

    Last Trading Day for CONF Futures

  • 06 Jun 2014
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for fixed income futures (CONF: 05.06.)

  • 09 Jun 2014
    Fixed Income Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Funds Derivatives | Switzerland | Holiday

    No cash payment in CHF

  • 09 Jun 2014
    Fixed Income Derivatives | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss fixed income derivatives

  • 10 Jun 2014
    Fixed Income Derivatives | Delivery Day

    Delivery Day for fixed income futures

  • 20 Jun 2014
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 23 Jun 2014
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 25 Jul 2014
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 28 Jul 2014
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 01 Aug 2014
    Fixed Income Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Funds Derivatives | Switzerland | Holiday

    No cash payment in CHF

  • 01 Aug 2014
    Fixed Income Derivatives | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss fixed income derivatives

  • 22 Aug 2014
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 25 Aug 2014
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 08 Sep 2014
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for fixed income futures

  • 10 Sep 2014
    Fixed Income Derivatives | Delivery Day

    Delivery Day for fixed income futures

  • 26 Sep 2014
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 29 Sep 2014
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 24 Oct 2014
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 27 Oct 2014
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 21 Nov 2014
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 24 Nov 2014
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 08 Dec 2014
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for fixed income futures

  • 10 Dec 2014
    Fixed Income Derivatives | Delivery Day

    Delivery Day for fixed income futures

  • 23 Dec 2014
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 24 Dec 2014
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 24 Dec 2014
    Volatility Derivatives | Property Derivatives | FX Derivatives | Interest Rate Derivatives | Equity Index Derivatives | Exchange Traded Funds Derivatives | Equity Derivatives | Dividend Derivatives | Commodity Derivatives | Holiday

    Eurex is closed for trading in all derivatives

  • 25 Dec 2014
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | FX Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 26 Dec 2014
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | FX Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 31 Dec 2014
    Commodity Derivatives | Dividend Derivatives | Equity Derivatives | Exchange Traded Funds Derivatives | Equity Index Derivatives | Interest Rate Derivatives | Property Derivatives | FX Derivatives | Volatility Derivatives | Holiday

    Eurex is closed for trading in all derivatives

Trading Hours

Regular Trading Day
Pre-TradingTradingPost-Trading
FullLate1Late2Restricted
07:3008:0019:0019:30
Last Trading Day
Pre-TradingTradingPost-Trading
FullLate1Late2Restricted
07:3008:0012:3020:00

Transaction Fees

Fee TypeFee
Exchange transactions: Standard feesEUR 0.20 per contract
TES transactions: Standard feesEUR 0.30 per contract
Position Closing AdjustmentsEUR 0.40 per contract
Determination of the bonds to be delivered (notification)EUR 0.20 per contract
Allocation of the bonds to be deliveredEUR 0.20 contracts
Position transfer with cash transferEUR 7.50 per transaction

Block Trades

Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 250 contracts.

Deliverable Bonds

Expiry month Sep 2014
ISINCoupon Rate (%)Maturity DateConversion Factor
IT00048980344.501.05.20230.905271
IT00043568434.7501.08.20230.920411
IT00049534174.501.03.20240.898608
IT00050015473.7501.09.20240.838657
IT0004513641501.03.20250.929274
Expiry month Dec 2014
ISINCoupon Rate (%)Maturity DateConversion Factor
IT00043568434.7501.08.20230.922098
IT00049534174.501.03.20240.900571
IT00050015473.7501.09.20240.841619
IT00050452702.501.12.20240.745472
IT0004513641501.03.20250.930435
Expiry month Mar 2015
ISINCoupon Rate (%)Maturity DateConversion Factor
IT00049534174.501.03.20240.902204
IT00050015473.7501.09.20240.844699
IT00050452702.501.12.20240.750118
IT0004513641501.03.20250.931748
IT00046447354.501.03.20260.887004
Expiry month Jun 2015
ISINCoupon Rate (%)Maturity DateConversion Factor
IT00049534174.501.03.20240.904686
IT00050015473.7501.09.20240.847733
IT00050452702.501.12.20240.755008
IT0004513641501.03.20250.932939
IT00046447354.501.03.20260.888786

Notified Bonds

Year 2014
ISINCoupon Rate (%)Maturity DateOutstanding volume (EUR)Physical delivery
MarchJuneSeptemberDecember
IT00043568434.7501.08.202324,676,740,000
200


IT00048488315.501.11.202221,378,388,00017,169
8.00%



IT00048980344.501.05.202318,070,590,000
15,839
9.00%


Year 2013
ISINCoupon Rate (%)Maturity DateOutstanding volume (EUR)Physical delivery
MarchJuneSeptemberDecember
IT00048015415.501.09.202219,586,032,000


2,610
1.00%
IT00048488315.501.11.202221,378,388,00012,542
20.00%
4,131
2.00%
2,693
1.00%
9,075
4.00%
Year 2012
ISINCoupon Rate (%)Maturity DateOutstanding volume (EUR)Physical delivery
MarchJuneSeptemberDecember
IT00047596734.7501.03.20229,453,182,0006,057
10.00%
6,603
7.00%


IT00048015415.501.09.202218,165,500,0001
0.00%

7,499
4.00%

IT00048488315.501.11.202221,378,390,000


6,695
3.00%

Parameters

Position Limits

Number of contracts for product 'FBTP': 60,000

For the calculation of the position limit all physical settled contracts of the relevant underlying will be taken into consideration, irrespective, if these are regular contracts or Eurex Flexible Contracts. The position limit is not applicable to regular Single Stock Futures and Eurex Flexible Futures with cash settlement.

Market Makers

Mistrade Ranges

A deviation of the mistrade transaction price from the reference price shall be deemed significant if the price of the mistrade transaction deviates from the reference price more than 20 percent of the margin parameters for the corresponding futures contract, unless another regulation has been made for an individual product.

Crossing Parameters

(section 2.3 Eurex Trading Conditions)

(1) Orders and quotes relating to the same contract or to a system-supported combination of contracts may, in case they could immediately be executed against each other, neither be entered knowingly by an Exchange Participant (a cross trade) nor pursuant to a prior understanding by two different Exchange Participants (a prearranged trade), unless the conditions according to paragraph 3 have been fulfilled. The same shall apply for the entry of orders as part of a quote.

(2) An Exchange Participant may submit a description of his internal and external links to the EDP system of the Eurex Exchanges to the Market Surveillance Office of Eurex Germany or to the Surveillance and Enforcement Office of Eurex Zurich, with a view to a decision on whether the Exchange Participant acted knowingly within the meaning of paragraph 1. The details of the specifications of the description of the IT linkage pursuant to sentence 1 shall be determined by the Surveillance Offices of Eurex Germany and Eurex Zurich in agreement with the Boards of Management of the Eurex Exchanges. The specifications shall be subject to publication. Disclosure of said specifications to one of the two Surveillance Offices named above shall be deemed to be disclosure to both Eurex Surveillance Offices.

(3) A cross trade or a pre-arranged trade is admissible if a participant in a cross-trade or a pre-arranged trade, prior to entering his order or quote, enters a cross request equivalent to the number of contracts of the order. The order or quote giving rise to the cross trade or pre-arranged trade must be entered five seconds at the earliest and 65 seconds at the latest with regard to Money Market Futures contracts, Fixed Income Futures contracts, options on Money Market Futures contracts and options on Fixed Income Futures contracts, respectively 35 seconds at the latest with regard to all other futures and option contracts after having entered the cross request. The purchasing Exchange Participant shall bear the responsibility for compliance with the content of the cross request entry.

(4) Paragraphs 1 and 3 shall not apply to transactions consummated during the netting process in the opening period (subsection 1.3 paragraph 2) or during the closing auction (subsection 1.3 paragraph (3)).

(5) Paragraph 1 shall apply mutatis mutandis to other behaviour constituting evasion of this regulation.

Orderbook

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