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Mar 06, 2015

Eurex

Money market derivatives: Renaming of One-Month EONIA Future (FEO1) and amendment of contract specifications

The European Central Bank (ECB) published an updated indicative calendar of reserve maintenance periods 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 of the One-Month EONIA Future (FEO1) in order to reflect the new 42 to 49 days’ calendar cycle.

Furthermore, it was decided to rename the futures from One-Month EONIA Future to EONIA Future, as well as to match the remaining contract specifications of product FEO1 to those of the EUR Secured Funding Future (FLIC).This circular contains the updated sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland and Eurex Zürich.

These changes will become effective on 4 May 2015. In order to guarantee an orderly amendment of the contract specifications, the One-Month EONIA Future (FEO1) will be suspended from trading and clearing on 9 March 2015 (see Eurex circular 034/15). Information on clearing of the amended product FEO1 and the updated sections of the relevant Rules and Regulations of Eurex Clearing AG including the Price List was published by Eurex Clearing (see attachment 2).

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