Equity Index Derivatives: Amendment to the EFP-I functionality for FTSE Index Futures

Eurex Circular 023/24 Equity Index Derivatives: Amendment to the EFP-I functionality for FTSE Index Futures

1. Introduction

The Management Board of Eurex Deutschland decided effective 1 March 2024 to amend the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland regarding the use of the functionality Exchange for Physicals for Index Futures/FX Futures (“EFP-I”).

Production start: 1 March 2024

2. Required action

There is no action required.

3. Details of the initiative

The functionality Exchange for Physicals for Index Futures/FX Futures (“EFP-I”) for FTSE index futures is made available for transactions that reference a trade in “Non-Eurex Index Futures on FTSE^® Index”.

The following cumulative conditions shall apply:

The EFP-I trade must be based on a Reference Trade on a respective underlying reference instrument.

The underlying index needs to be identical to the underlying index of the corresponding Eurex Index Future.

The minimum number of contracts to be traded is the equivalent to that in the Non-Eurex Index Future Trade or Trades (if more than one), adjusted, if necessary, by any difference in notional value of those contracts.

In the case of an EFP-I trade in Non-Eurex Index Futures Contracts, the following entries must be made: Reference number or an ID must be used from which the following data for the respective trade or trades (if more than one) must be identifiable upon request:

– Name
– Number of contracts or, where appropriate, Notional Amount
– Price (Non-Eurex Transaction Level)
– Trade date and time
– Maturity or Expiry date

Attachment:

Amended sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland

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:		client.services@eurex.com
Web:		www.eurex.com
Authorized by:		Randolf Roth

Equity Index Derivatives: Amendment to the EFP-I functionality for FTSE Index Futures

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