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Aug 17, 2006

Eurex

Swiss Equity Options: 1. Introduction of Options Contracts and LEPOs on Two Swiss Registered Shares 2. Options on Ciba and Swiss Life Holding: Maturities Extension to 60 Months

In their session on August 9, 2006 the Management Boards of the Eurex Exchanges approved the following measures to extend the Swiss product range of Eurex:

  1. Introduction of options and LEPOs on registered shares of Kühne & Nagel International and Phonak as of September 18, 2006.
  2. Inclusion of the new stock options into the Swiss Advanced Market Maker package and extension of the number of monthly exception for equity options from nine to eleven as of October 1, 2006
  3. Refund on transaction fees for trades in the two new Swiss options executed by Market Makers on Maccounts provided that they have fulfilled the relevant obligations. This program will run for the period between September 18, 2006 and March 31, 2007.
  4. Extension of the maximum maturity for options on Ciba and Swiss Life Holding from currently 24 to 60 months as of September 18, 2006.

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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. 

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