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May 29, 2009

Eurex

Euro-Bobl Futures: Increase of Tick Size effective June 15, 2009

The increase in the minimum price change (tick size) for futures contracts on notional medium-term debt instruments issued by the Federal Republic of Germany (Euro-Bobl Future), from currently 0.005 percent to 0.01 percent, which was originally planned for Monday, May 11, 2009, had to be postponed for technical reasons as described in Eurex circular 086/09.
A new date for the increase of tick size was determined for June 15, 2009. As of this date, the tick size for Euro-Bobl Futures will be 0.01 percent and the tick value EUR 10.00. The price will be displayed in three decimal places whereby the last decimal will always be zero.
The minimum price change of the corresponding options on futures contracts on notional medium-term debt instruments issued by the Federal Republic of Germany (options on Euro-Bobl Futures) continues to be 0.005 percent (tick value: EUR 5.00).
The change in futures will be made after close of trading on June 12, 2009 (22:00 CET). Please note that on this evening all orders for Euro-Bobl Futures that exist in the system will be deleted.
Furthermore, kindly observe the technical implementation of tick size change in Eurex simulation and production described in the following.

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