A. Single Stock Futures/Single Stock Dividend Futures: Introduction of three SSFs and two SSDFs; B. Single Stock Futures/ Single Stock Dividend Futures: Withdrawal of admission; C. Single Stock Futures/equity options: Name change

1.    Introduction

Due to previous corporate actions, the Management Board of Eurex Deutschland took the following decisions with effect from 12 August 2019:

A.    Introduction of three Single Stock Futures pursuant to Annex A of the Attachment and two Single Stock Dividend Futures pursuant to Annex D of Attachment 2;
B.    Withdrawal of admission of Single Stock Futures pursuant to Annex A of the Attachment and Single Stock Dividend Futures pursuant to Annex D of Attachment 2;
C.    Name change of Single Stock Futures and equity options pursuant to Attachment 2.

2.    Required actions

There is no action required for participation.

3.    Details about the new products

A.    Introduction of three SSFs and two SSDFs

1.    Product overview

For the product overview please refer to the tables in Attachment 1. 

2.    Contract specifications and product parameters

In general, contract specifications for the new Single Stock Futures and the new Single Stock Dividend Futures are in line with those for the existing Single Stock Futures and Single Stock Dividend Futures with the relevant Eurex group ID, also in terms of trading hours and trading calendar, last trading day, settlement and determination of the daily and final settlement prices.

As of the introduction date of the new products, updated Annexes A and D of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland will be published on the Eurex website www.eurexchange.com under the following link:

Resources > Rules and Regulations > Contract specifications

3.    Risk parameters

As of start of trading, risk parameters of the new products will be published on the Eurex website under the link: 

Market data > Clearing data > Risk parameters and initial margins

and on the Eurex Clearing website www.eurexclearing.com under the link:

Risk management > Risk parameters

Under this link, you will also find an up-to-date list with details for all Prisma-eligible Eurex products. 

4.    Mistrade parameters and position limits

Mistrade ranges and position limits for the new Single Stock Futures and the new Single Stock Dividend Futures will be published as of start of trading on the Eurex website under the links:

Products > Equity derivatives > Single Stock Futures
Products > Dividend derivatives > Single Stock Dividend Futures
Products > Product information > Product specifications

5.    Transaction limits

The same values apply as for existing Single Stock Futures and Single Stock Dividend Futures with the relevant Eurex group ID. For details, please refer to the Eurex website under the link:

Technology > Excessive System Usage Fee

6.    Transaction fees

The same transaction fees apply as for the corresponding existing Single Stock Futures and Single Stock Dividend Futures.

7.    Vendor codes

As of start of trading, data vendor codes for the new products will be published on the Eurex website under the link:

Products > Vendor product codes

8.    Liquidity provisioning

Liquidity provisioning will take place according to the Liquidity Provider Scheme for Single Stock Futures (Equity-02) and the Liquidity Provider Scheme for Single Stock Dividend Futures (Equity-03). For details, please refer to the Eurex website under the following link:

Trading > Market-Making and Liquidity provisioning > Product Specific Supplements to the LPA

B.    Single Stock Futures/Single Stock Dividend Futures: Withdrawal of admission

Please refer to the Annexes A and D of the Attachment 2 for the products whose admission will be withdrawn.

C.    Single Stock Futures/equity options: Name change

Please refer to Attachment 2 for details about the products and name changes.

Attachments:

1. Introduction of three SSFs and two SSDFs: 1.Product overview: Tables

2. Updated sections of Annexes A, B and D of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland

Further information