05 Jul 2022

Eurex

Euro-Fixed-Income Futures: Adjustment of the obligations for performance for the delivery of Euro-Fixed-Income futures contracts on debt securities of the Republic of Italy

Eurex Circular 068/22 Euro-Fixed-Income Futures: Adjustment of the obligations for performance for the delivery of Euro-Fixed-Income futures contracts on debt securities of the Republic of Italy

1.  Introduction

The Management Board of Eurex Deutschland took the following decision with effect from 1 August 2022:

  • Amendment of the Contract Specifications for Futures Contracts and Options Contacts at Eurex Deutschland (Contract Specifications) for Euro Fixed Income futures contracts on debt securities of the Republic of Italy

Production start: 1 August 2022

2.  Required action

Eurex invites all Trading Participants to familiarize themselves and their clients with the adjusted obligations for performance for the delivery of Italian Fixed Income futures.

3.  Details 

The original term for deliverable debt securities of the Republic of Italy (“Buoni del Tesoro Polienali”, BTP) will change as follows:

For futures contracts on a notional debt security of the Republic of Italy

  • with a term of 8.5 to 11 years and an original term of no longer than 17 years (for expiration months until and including December 2022: no longer than 16 years) for Euro BTP Futures (FBTP)
  • with a term of 2 to 3.25 years and an original term of no longer than 11 years (for expiration months until and including December 2022: no longer than 16 years) for Short-Term Euro BTP Futures (FBTS).

The full version of the updated Contract Specifications will be published on the Eurex website www.eurex.com as of start of trading under:

Rules & Regs > Eurex Rules & Regulations > 03. Contract Specifications

Attachment:

  • Updated sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland


Further information

Recipients:

All Trading Participants of Eurex Deutschland and Vendors

Target groups:

Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination

Contact:

Product R&D Fixed Income, Jutta Frey-Hartenberger, tel. +49-69-211-1 49 88, jutta.frey-hartenberger@eurex.com;
Fixed Income Sales, Vassily Pascalis, tel. +44-207 862 7211, vassily.pascalis@eurex.com

Web:

www.eurex.com

Authorized by:

Michael Peters


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