If you are a swap or bond trader, you might appreciate our new information product Eurex® ICAP Swap Spreads.

This data benchmark is an efficient price discovery solution for yield spreads. It combines data from two established and reliable sources: Eurex Exchange and ICAP, to deliver key European bond future and interest rate swap yield spreads.

The Strategy Wizard^SM facilitates trading of complex combinations and spread trades for the option contracts.

The financial markets turmoil has led to widened spreads between German bonds and diverse European government bonds with lower ratings. Our Short-, Mid- and Long-Term Euro-BTP Futures meet the needs of markets participants offering an effective and precise instrument to hedge non-triple A-rated European bonds, complementing the trading opportunities the heavily traded Eurex Euro-Bund Futures provide. Additionally, the contracts allow for efficient spread trading between short-, mid and long-term government bonds. The implementation of Market-Making schemes supports liquidity in all Euro-BTP Futures contracts and contributes to cost-effective trading.

Before being enabled to trade Short-, Mid and Long-Term Euro-BTP Futures all members must deliver their Tax Identification Number and their settlement account to Eurex. For more information please refer to the Circulars 120/09and 156/09.

• Tax Identification Number(this form must be completed by the trading member)
  
• Request for Settlement Account Settingsfor EUREX Derivatives Deliveries (Previous CSD Selection Sheet; this form has to be filled out by the Clearing member)

Please send the Tax Identification Number and the "Request for Settlement Account Settings for Eurex Derivatives Deliveries" to:

Benefit from customized contracts with standardized clearing when trading our Euro-BTP Futures off-exchange. All Euro-BTP Futures are admitted for the Exchange for Physicals-, Exchange for Swaps- and Block Trade facilities. Minimum size for block trades is 250 contracts.

To facilitate basis trading, the EFP and EFS facilities allow for the simultaneous purchase (sale) of futures along with a sale (purchase) of the underlying bond, vanilla swap or another futures contract. Such transactions are not subject to a minimum number of contracts.

For example, a market participant wishing to trade the yield spread between our Euro-Bund Futures and the Long-Term Euro-BTP Futures can agree the trade bilaterally and use the EFP Trade facility to bring the transaction to Eurex Clearing. Prerequisite is that one leg of the spread ("underlying security") has either been block traded or traded in the regular order book. In this example a minimum trade of 250 Long-Term Euro-BTP Futures could be entered into the Block Trade facility to allow a qualifying transaction in the Euro-Bund Futures leg via the EFP Trade facility.