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Feb 11, 2008

Eurex

Eurex and EEX: Cooperation in Emissions Trading - New Margin Parameter for Cooperation Product F2PE

Since December 5, 2007, European Energy Exchange AG (EEX), the leading energy exchange in continental Europe, and Eurex, one of the world’s leading derivatives exchanges, cooperated in emissions trading. As part of this cooperation, EEX and Eurex will offer trading in emission rights (EUA) through the Eurex® system, which they both use. Eurex participants can trade EEX CO2 products via their existing infrastructure connections.

In conjunction with this cooperation, the margin parameters for the cooperation product F2PE (EEX Future EUA period 2, margin class F2PE), the margin parameters have been adjusted as follows. They are valid as of February 13, 2008:

Initial Margin Parameter: 2.2 €/EUA, 2200 € per contract (old 2.6€/EUA)
Spread Margin Parameter: 300 € per contract

Market Status ⓘ

XEUR

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message. 

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

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