A member of
Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decision with effect from 9 June 2020:
The debt securities of the Federal Republic of Germany must have a minimum issue volume of €5 billion until and including the December 2020 contract expiry, with the introduction of the March 2021 contract expiry, the debt securities of the Federal Republic of Germany must have a minimum issue volume of €4 billion.
2. Required action
None.
3. Details
In December 2019, the German Finance Agency announced that the Federal Republic of Germany intends to issue Green German Government securities in the second half of 2020, designed in the form of so-called green twin bonds. As part of its standard market presence, the German Federal Government will issue both a conventional and a green security with the same maturity and coupon.
The German Federal Government intends to establish a liquid, green interest rate reference for Europe. In principle, for each green twin bond, an outstanding volume of a minimum of €4 billion is intended.
Based on this decision, the Management Board of Eurex Deutschland decided to amend the Contract specifications with the introduction of the March 2021 contracts (as of 9 June 2020) to include those green twin bonds of the Federal Republic of Germany to be deliverable into the German Euro-Fixed Income futures contracts.
With this adjustment, Euro-Fixed Income Futures contracts on German debt securities will be the first fixed income derivatives futures to allow green bonds for delivery.
Attachment:
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@eurexchange.com; Fixed Income Sales, Vassily Pascalis, tel. +44-207 862 7211, vassily.pascalis@eurexchange.com |
| Web: | www.eurexchange.com |
| Authorised by: | Randolf Roth |
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.
An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.