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20 Aug 2020

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 063/20

1. Introduction

The Management Board of Eurex Deutschland took the following decision with effect from 11 September 2020:

  • Amendment of the Contract Specifications for Futures Contracts and Options Contacts at Eurex Deutschland

Debt securities of the Republic of Italy that are explicitly issued as “BTP Futura” shall not be deliverable under Short term Euro-BTP-Futures Contracts, Mid term Euro-BTP-Futures Contracts and Euro-BTP-Futures Contracts.

Effective date: 11 September 2020

2. Required action

None.

3. Details

In June 2020, the Ministero dell’Economia e delle Finanze (MEF), Dipartimento del Tesoro, Italy, announced a new issuance for Covid-19 emergency and economic recovery, under the name of “BTP Futura”. 

This new form of BTP Futura bond was admitted for individual retail investors and similarly classified persons only. Due to the retail nature of the new BTP Futura bonds and small issuance volumes, those bonds will not be included in the deliverable baskets of Euro-BTP-Futures, Short- and Medium Euro-BTP-Futures.

Attachment:

  • Amended sections of the Contract Specifications for Futures contracts and Options Contacts 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@eurexchange.com;
Fixed Income Sales, Vassily Pascalis, tel. +44-207 862-7211, vassily.pascalis@eurexchange.com

Web:

www.eurexchange.com

Authorised by:

Michael Peters


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