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Euro-Bund Futures

Euro-Bund Futures (FGBL)

Product ISIN
DE0009652644
Currency
EUR

Latest

Prices/Quotes

Displayed data is 15 minutes delayed.???quotes.lastUpdate???Jun 29, 2016 21:46:09

Orderbook

Opening priceHighLowBid priceBid volAsk priceAsk volDiff. to prev. day lastLast priceDateTimeDaily settlem. priceTraded contractsOpen interest (adj.)Open interest dateLast trading day
166.75 167.12 166.64 166.66 66 166.67 82 -0.10% 166.66 06/29/2016 21:46:09 166.92 522,051 1,335,480 06/29/2016 06/29/2016

Statistics

Data is for Jun 28, 2016   Last update: Jun 29, 2016 00:00:00

Product type:
F
Stock exchange:
n/a
Underlying closing price:
0
Delivery monthOpening priceDaily highDaily lowUnderlying closing priceSettlem. priceTraded contractsOpen interest
Sep 16166.71166.90166.27166.82166.860530,6971,643,416
Dec 16163.88164.10163.81164.10164.1807587
Mar 17166.34166.34166.34166.34166.71012
Total     530,7731,643,505

Vendor Codes

Vendor NameVendor Code
Bloomberg L.P.RXA Cmdty CT
ComStock<17>l,FGBLmy
CQGDB
SIX TelekursFGBL
Thomson FinancialFGBL/F.EX*
thomsonreuters<0#FGBL:>
vwd2705 & 2707

Trading

Contract Specifications

Version : 26 Oct 2015

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, the Kingdom of Spain or the Swiss Confederation with remaining terms and a coupon of:

ContractProduct IDRemaining term in yearsCoupon in percentCurrency
Euro-Schatz FuturesFGBS1.75 to 2.256EUR
Euro-Bobl FuturesFGBM4.5 to 5.56EUR
Euro-Bund FuturesFGBL8.5 to 10.56EUR
Euro-Buxl® FuturesFGBX24.0 to 35.04EUR
Short-Term Euro-BTP FuturesFBTS2.0 to 3.256EUR
Mid-Term Euro-BTP FuturesFBTM4.5 to 6.06EUR
Long-Term Euro-BTP FuturesFBTP8.5 to 11.06EUR
Mid-Term Euro-OAT FuturesFOAM4.5 to 5.56EUR
Euro-OAT FuturesFOAT8.5 to 10.56EUR
Euro-BONO FuturesFBON8.5 to 10.56EUR
CONF FuturesCONF8.0 to 13.06CHF

 

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, the Kingdom of Spain 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 Italy, the Republic of France and the Kingdom of Spain 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 (not valid for FGBX).

Debt securities issued by the Republic of Italy must have an original term of no longer than 16 years (not valid for FBTS).

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

Debt securities issued by the the Kingdom of Spain must have an original term of no longer than 20 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 and the Kingdom of Spain 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.

ContractMinimum price change
PercentValue
Euro-Schatz Futures0.005EUR 5
Euro-Bobl Futures0.01EUR 10
Euro-Bund Futures0.01EUR 10
Euro-Buxl® Futures0.02EUR 20
Short-Term Euro-BTP Futures0.01EUR 10
Mid-Term Euro-BTP Futures0.01EUR 10
Long-Term Euro-BTP Futures0.01EUR 10
Mid-Term Euro-OAT Futures0.01EUR 10
Euro-OAT Futures0.01EUR 10
Euro-BONO Futures0.01EUR 10
CONF Futures0.01CHF 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

  • 01 Jan 2016
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX 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

  • 22 Jan 2016
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 25 Jan 2016
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 19 Feb 2016
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 22 Feb 2016
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 08 Mar 2016
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for fixed income futures

  • 10 Mar 2016
    Fixed Income Derivatives | Delivery Day

    Delivery Day for fixed income futures

  • 24 Mar 2016
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 25 Mar 2016
    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

  • 28 Mar 2016
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX 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

  • 29 Mar 2016
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 22 Apr 2016
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 25 Apr 2016
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 05 May 2016
    Fixed Income Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Funds Derivatives | FX Derivatives | Switzerland | Holiday

    No cash payment in CHF

  • 05 May 2016
    Fixed Income Derivatives | Switzerland | Holiday

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

  • 16 May 2016
    Fixed Income Derivatives | Switzerland | Holiday

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

  • 16 May 2016
    Fixed Income Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Funds Derivatives | FX Derivatives | Switzerland | Holiday

    No cash payment in CHF

  • 26 May 2016
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 27 May 2016
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 08 Jun 2016
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for fixed income futures

  • 10 Jun 2016
    Fixed Income Derivatives | Delivery Day

    Delivery Day for fixed income futures

  • 24 Jun 2016
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 27 Jun 2016
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 22 Jul 2016
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 25 Jul 2016
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 01 Aug 2016
    Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Funds Derivatives | Interest Rate Derivatives | FX Derivatives | Switzerland | Holiday

    No cash payment in CHF

  • 01 Aug 2016
    Fixed Income Derivatives | Switzerland | Holiday

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

  • 26 Aug 2016
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 29 Aug 2016
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 08 Sep 2016
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for fixed income futures

  • 12 Sep 2016
    Fixed Income Derivatives | Delivery Day

    Delivery Day for fixed income futures

  • 23 Sep 2016
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 26 Sep 2016
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 21 Oct 2016
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 24 Oct 2016
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 25 Nov 2016
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 28 Nov 2016
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 08 Dec 2016
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for fixed income futures

  • 12 Dec 2016
    Fixed Income Derivatives | Delivery Day

    Delivery Day for fixed income futures

  • 23 Dec 2016
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 26 Dec 2016
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX 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

  • 27 Dec 2016
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

Trading Hours

Regular Trading Day
Pre-TradingTradingPost-Trading
FullLate1Late2Restricted
07:3008:0022:0022:30
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 2,000 contracts.

Deliverable Bonds

Expiry month Jun 2016
ISINCoupon Rate (%)Maturity DateConversion Factor
DE00011023740.515.02.20250.635989
DE0001102382115.08.20250.654708
DE00011023900.515.02.20260.604688
Expiry month Sep 2016
ISINCoupon Rate (%)Maturity DateConversion Factor
DE0001102382115.08.20250.662105
DE00011023900.515.02.20260.612551
Expiry month Dec 2016
ISINCoupon Rate (%)Maturity DateConversion Factor
DE0001102382115.08.20250.669312
DE00011023900.515.02.20260.620295

Notified Bonds

Year 2015
ISINCoupon Rate (%)Maturity DateOutstanding volume (EUR)Physical delivery
MarchJuneSeptemberDecember
DE00011023331.7515.02.202418,000,000,00010,633
6.00%
12,508
7.00%


DE00011023581.515.05.202418,000,000,0007
0.00%

20,039
11.00%

DE00011023740.515.02.202523,000,000,000

50
0.00%

Year 2014
ISINCoupon Rate (%)Maturity DateOutstanding volume (EUR)Physical delivery
MarchJuneSeptemberDecember
DE00011023091.515.02.202318,000,000,0009,123
5.00%
18,152
10.00%


DE0001102325215.08.202318,000,000,000

6,961
4.00%
17,081
9.00%
Year 2013
ISINCoupon Rate (%)Maturity DateOutstanding volume (EUR)Physical delivery
MarchJuneSeptemberDecember
DE0001135465204.01.202220,000,000,00021,814
11.00%
15,841
8.00%


DE00011354731.7504.07.202224,000,000,000

14,212
6.00%
9,105
4.00%

Parameters

Position Limits

Number of contracts for product 'FGBL': 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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