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Sep 12, 2014

Eurex

Migration to contractual settlement period T+2: Change of Contract Specifications

In accordance with the decision of Eurex Clearing AG, the Management Board of Eurex Deutschland and the Executive Board of Eurex Zürich AG decided to shorten the contractual settlement period for

  • Equity options and corresponding Low Exercise Price Options (LEPOs) and
  • Stock futures (i.e. Flexible Contracts) with country codes AT, BE, CH, FI, FR, GB, IE, IT, NL, RU, SE
  • Futures contracts on Exchange Traded Commodities Securities (ETCs)
  • Options contracts and corresponding Low Exercise Price Options (LEPOs) on Exchange Traded Commodities Securities (ETCs)
  • Futures and options contracts on Exchange Traded Fund (EXTF) Shares traded at SIX Swiss Exchange AG

from three business days after execution day (T+3) to two business days after execution day (T+2) effective 6 October 2014.

In the Eurex simulation environment, the changes will already be made effective 15 September 2014.

Please note that Spanish products with country code ES will continue to settle within a settlement cycle of T+3.

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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