1. Introduction
The Management Board of Eurex Deutschland took the following decision with effect from 20 October 2020:
- Amendment of the Contract Specifications for Futures Contracts and Options Contacts at Eurex Deutschland (Contract Specifications) for Short-Term Euro-BTP futures contracts on securities of the Republic of Italy, as outlined in the Attachment to the present circular.
2. Required action
None.
3. Details
To harmonise the obligations for the performance for the physical delivery on debt securities of the Republic of Italy, the contract specifications for Short-Term Euro-BTP futures contracts are adjusted.
The change applies for the March 2021 futures contract and all further expirations onwards in Short-Term Euro-BTP futures contracts (product code: FBTS). Through this change, only debt securities of the Republic of Italy with an original term of no longer than 16 years are deliverable.
Please refer to the Attachment for the detailed changes to the Contract Specifications.
As of the effective date, the full version of the updated Contract Specifications will be published on the Eurex website www.eurex.com under the following link:
Rules & Regs > Eurex Rules and Regulations > Contract Specifications
The changes and amendments to the legal framework of Eurex Clearing AG published by this circular are deemed accepted by each affected contractual party of Eurex Clearing AG, unless the respective contractual party objects by written notice to Eurex Clearing AG within the first ten (10) Business Days after publication. Any ordinary right of Eurex Clearing AG to terminate the respective contract (including a Clearing Agreement, if applicable) shall remain unaffected.
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 72 11, vassily.pascalis@eurex.com |
Web: | www.eurex.com |
Authorised by: | Randolf Roth |