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Jun 15, 2009

Eurex

Hurricane Futures: Introduction of a New Asset Class at Eurex

The Management Boards of the Eurex Exchanges approved the introduction of Hurricane Futures as of June 29, 2009.

Hurricane Futures are binary contracts, which settle based on industry-wide insurance loss estimates produced by the PCS® unit of Insurance Services Office Inc. The loss estimates reference insurance damage caused by single wind catastrophes occurring in a specific region in the USA.

Hurricane Futures were developed in cooperation with market participants and closely mirror OTC market standards.

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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