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Aug 08, 2014

Eurex

Money Market Derivatives: Amendment of contract design, renaming & postponement of the introduction of One-Month EUR Secured Funding Futures after change in ECB reserve maintenance period calendar

The ECB published an updated Indicative Reserve Maintenance Period calendar on 17 July 2014. After a market consultation, the Management Board of Eurex Deutschland and the Executive Board of Eurex Zürich AG decided to amend the contract specifications in order to reflect the new 42 to 49 days cycle.

Furthermore, it was also decided to move the first trading day of the futures to 12 November 2014 and, consistently, to rename the futures to EUR Secured Funding Futures.

This circular contains all information on the introduction of the new product as well as the updated sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland and Eurex Zürich. Information on clearing of the new product and the updated sections of the relevant Rules and Regulations of Eurex Clearing AG will be published in an Eurex Clearing circular.

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