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Euro Fixed Income Futures: Definition of reporting and position limits for September 2019

Release date: 07 Aug 2019 | Eurex Exchange

080/2019 Euro Fixed Income Futures: Definition of reporting and position limits for September 2019

Eurex Circular 080/19

1.    Introduction

Position limits apply only to long positions in the front month contracts of the products concerned. Reporting limits will be valid from 30 August 2019 after close of trading to 3 September 2019 after close of trading.

Position limits will be valid from 4 September 2019, start of trading, until expiration of the September contract on 6 September 2019. Long positions in September 2019 contracts must therefore be within the prescribed limits at start of trading on 4 September 2019. 

The measure taken by Eurex Deutschland is based on § 14 Paragraph 1 of the Exchange Rules of Eurex Deutschland (Eurex Exchange Rules). The limits will constantly be monitored intraday by the Trading Surveillance Office of Eurex Deutschland. 

2.    Required actions

In case the position limits have been exceeded, Exchange Participants are obliged according to § 14 Paragraph 5 of the Eurex Exchange Rules to submit a list of long positions in the Eurex C7 Clearing GUI including clear names of the customers to surveillance@eurexchange.com. 

Immediate position adjustments should be made by using the Trade Adjustment function (Open/Close Adjustment) instead of the Position Close-Out, in order to avoid such transactions being subject to late closing fees.

If the position limits are exceeded, the respective Participants will be requested by Eurex Deutschland to specify a Eurex user ID which can be used by Eurex Deutschland to undo the exceeding of the position limits.

3.    Details of the initiative

The reporting and position limits for the September 2019 contracts in the Euro Fixed Income Futures were set as follows:

Contract name

Position limit

Euro-Buxl®-Futures (FGBX)

30,000 contracts

Euro-Bund-Futures (FGBL)

60,000 contracts

Euro-Bobl-Futures (FGBM)

55,000 contracts

Euro-Schatz-Futures (FGBS)

45,000 contracts

Long-Term Euro-BTP-Futures (FBTP)

60,000 contracts

Mid-Term Euro-BTP-Futures (FBTM)

45,000 contracts

Short-Term Euro-BTP-Futures (FBTS)

45,000 contracts

Euro-OAT-Futures (FOAT)

60,000 contracts

Mid-Term-Euro-OAT-Futures (FOAM)

30,000 contracts

Euro-Bono-Futures (FBON)

30,000 contracts

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:

Davide Masi, Product R&D Fixed Income, T +44-207 8 62-72 67, davide.masi@eurexchange.com;
Jutta Frey-Hartenberger, Product R&D Fixed Income, T +49-69-211-1 49 88,
jutta.frey-hartenberger@eurexchange.com
 

Related Eurex Circulars:226/06, 031/18, 063/18, 087/18, 014/19, 059/19
Authorized by:Michael Peters
 

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