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27 May 2014

Eurex

Euro-Swap Futures: Introduction of futures contracts on 2, 5, 10 and 30 years interest rate swaps denominated in euro

The Management Board of Eurex Deutschland and the Executive Board of Eurex Zürich AG decided to introduce futures contracts on interest rate swaps denominated in euro with various terms (2, 5, 10 and 30 years) and fixed rate arrangements (“Euro-Swap Futures”) effective 1 September 2014.

This circular contains information on the following topics:

Introduction date, contract specifications, trading hours, risk parameters, Market-Making and preparations necessary for start of trading.

Information related to Clearing of the new products, utilization of the wholesale facilities and transaction fees as well as the amended sections of the relevant Rules and Regulations of Eurex Clearing AG will be enclosed in the related Eurex Clearing circular which will be provided to our Trading Participants shortly.

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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