Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decisions with effect from 28 February 2022:
This circular contains all information on the updated sections of the relevant Rules and Regulations of Eurex Deutschland.
Implementation date in production: 28 February 2022
2. Required action
Trading Participants are recommended to pay close attention to the information included in the attachment and analyze the potential impact in their own technical systems to support the change in the expiration cycles for ETRF/BTRF. Therefore, it might be necessary for Trading Participants to update their internal processes and technical interfaces to adapt for this change.
3. Details
A. Changes of the contract specifications regarding the expiration cycles for Equity and Basket Total Return Futures (ETRF/BTRF)
The envisaged change in the expiration cycles will entail an additional expiration to allow rolling of 12-month funding baskets (e.g. from March 2022 to a March 2023 expiration).
While the number of listed expirations at a certain point in time can vary under the new expiration cycles (e.g. 8 or 9 expiries), the tenors of the products will be similar to the current handling (i.e. approx. up to 24 months).
Please refer to the Attachment for the amendments to the contract specifications for ETRF/BTRF.
B. Changes of the contract specifications for Index Total Return Futures on EURO STOXX 50® Index (product code: TESX)
Eurex transitioned on 18 October 2021 to euro short-term rate (€STR flat) as a Funding Rate for the Index Total Return Futures on EURO STOXX 50®, which was previously communicated by Eurex Circular 086/21. As a result, the envisaged change of the contract specifications entails the removal of the reference to the calculated spread between €STR and Eonia® overnight rates.
Please refer to the Attachment for the amendments to the contract specifications for product TESX.
The full version of the updated Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland will be published as of the implementation date on the Eurex website www.eurex.com under:
Rules & Regs > Eurex Rules & Regulations > 03. Contract Specifications
Attachment:
Further information
Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination | |
Contact: | Stuart Heath, Equity & Index Product Design, tel. +44-207-862-72 53, stuart.heath@eurex.com; | |
Web: | www.eurex.com | |
Authorized by: | Randolf Roth |
Market Status ⓘ
XEUR
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