Index Total Return Futures

EURO STOXX® Select Dividend 30 Index Total Return Futures (TEDV)

  • Bloomberg L.P.
    IULA Index
  • Refinitiv
    0#TEDV:
  • Currency
    EUR
  • Product ISIN
    DE000A2QNKN5
  • Underlying ISIN
    CH0020751589

Prices/Quotes

Price Chart

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Statistics

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Specifications

Contract Specifications

Underlying instruments

TESX

IndexCurrencyIndex typeISIN

EURO STOXX 50® Distribution Point Index

EUR

DVP Index

CH0334725220

Euro Short Term Rate (€STR flat)

EUR

Funding Rate

EU000A2X2A25


TESB

IndexCurrencyIndex typeISIN

EURO STOXX® Banks Distribution Point Index

EUR

DVP Index

CH0584034968

Euro Short Term Rate (€STR)

EUR

Funding Rate

EU000A2X2A25


TEDV

IndexCurrencyIndex typeISIN

EURO STOXX® Select Dividend 30 Distribution Point Index

EUR

DVP Index

CH0584034976

Euro Short Term Rate (€STR)

EUR

Funding Rate

EU000A2X2A25


TXXP 

Index

Currency

Index type

ISIN

STOXX® Europe 600 Distribution Points Index

EUR

DVP Index

CH1213361137

Euro Short Term Rate (€STR)

EUR

Funding Rate

EU000A2X2A25


FTSE

IndexCurrencyIndex typeISIN

FTSE 100 Index

GBP

Price index

GB0001383545

FTSE 100 Cumulative Distribution Point Index

GBP

DVP Index

GB00BMDK8W82

Sterling Overnight Index Average (SONIA)

GBP

Funding Rate

GB00B56Z6W79


MSCI

IndexCurrencyIndex typeISIN

Resp MSCI Distribution Distribution Point Index

USD

DVP Index

Secured Overnight Financing Rate (SOFR)

USD

Funding Rate


Settlement

Cash settlement, payable on the first exchange day following the final settlement day.

Contract multiplier

TESX, TEDV: EUR 10 per index point.
TESB, TXXP: EUR 50 per index point.
TTUK: GBP 10 per index point.
TMWO, TMFA: USD 10 per index point.
TMEM: USD 100 per index point.

Quotation and minimum change of the TRF spread

TRF spread as annualised rate expressed in basis points with one decimal place. The minimum change of the TRF spread is +/- 0.5 basis points (1 basis point = 0.0001).

Trade types

Trade at Index Close (TAIC) with an index level based on the daily index close.

Trade at Market (TAM) with a custom-defined index level.

Accrued Distributions and Accrued Funding (index points)

The distribution and funding rate payments will be accumulated from the product launch date and added to the TRF futures price in index points. The daily changes in distributions and funding payments are paid out via Variation Margin.

Contract months

TESX - Up to 9 years and 11 months: The 21 nearest quarterly months of the March, June, September and December cycle and the five following annual months of the December cycle thereafter.

TESB, TEDV - Up to 6 years and 11 months: The eight nearest quarterly months of the March, June, September and December cycle and the five following annual months of the December cycle thereafter.

TXXP - Up to 4 years and 11 months: The four nearest quarterly months of the March, June, September and December cycle and the four following annual months of the December cycle thereafter. 

TTUK - Up to 9 years and 11 months: The twelve nearest quarterly months of the March, June, September and December cycle and the seven following annual months of the December cycle thereafter.

Last trading day and final settlement day

Last trading day is the exchange day immediately preceding the final settlement day.

Final settlement day is the third Friday of each maturity month if this is an exchange day; otherwise the exchange day immediately preceding that day. Close of trading in the maturing futures on the last trading day is at 17:30 CET, for MSCI TRF at 22:00 CET.

Daily settlement TRF spread (basis points)

The daily settlement TRF spread is used to calculate the daily settlement price and determined as follows:

  • The daily settlement TRF spread is based on the TRF spread traded via the closing auction between 17:25 and 17:30 CET.
  • Should no trades be executed in the closing auction, then the daily settlement TRF spread is determined based on the average bid/ask spread of the respective contract month.
  • Should no price be determined according to the aforementioned procedure, the daily settlement TRF spread is determined based on a theoretic (fair) TRF spread for the respective contract.

Daily settlement price (index points)

The daily settlement price is established on the current trading day and is based on the close of respective underlying index, the daily settlement TRF spread as well as the Accrued Distributions and Accrued Funding which have been accumulated from the product launch until the current date.

Final settlement price (index points)

The final settlement price is established by Eurex on the final settlement day of the contract and is based on the final settlement price of the respective futures contract as well as the Accrued Distributions and Accrued Funding from the product launch until the expiration date.


Further details are available in the clearing conditions and the contract specifications.

Block Trades

Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 10 contracts

Market-Making Parameter

All quotation parameters at a glance

  • Quotation period
  • Maturity range
  • Spread class & Maximum Spread
  • Minimum Quote Size
Liquidity Provider schemes

Mistrade Parameter

This file provides an overview of mistrade ranges for Options and Futures including information on their behavior close to expiration and in stressed markets.
 

Mistrade Ranges

Crossing Parameters

(section 2.6 Eurex Trading Conditions)

(1) Orders and Quotes relating to the same Instrument or Combined Instrument may, in case they could immediately be executed against each other, neither be entered knowingly by an Exchange Trader or several Exchange Traders of an Admitted Company (a “Cross Trade”) nor pursuant to a prior understanding between Exchange Traders of two different admitted companies (a “Pre-Arranged Trade”), unless the conditions according to Paragraph 2 have been fulfilled. The same shall apply for the entry of Orders as part of a Quote.

(2) A Cross Trade or a Pre-Arranged Trade is admissible if a participant in a Cross Trade or a Pre-Arranged Trade Eurex Trading System, announces his intention to execute a corresponding number of Contracts as Cross Trades or Pre-Arranged Trades in the Order Book (“Trade Request”). The buying participant has to ensure that he himself or the selling participant enters the Trade Request. The Order or Quote giving rise to the Cross Trade or Pre-Arranged Trade must be entered one second at the earliest and 121 seconds at the latest after the entry of the Trade Request. Entering a Trade Request without entering the respective Order or Quote is not admissible.

(3) Paragraphs 1 and 2 shall not apply to Transactions consummated during the netting process in an auction (Number 1.4 Paragraphs 2 and Paragraph 3).

(4) The automated entry functionality for Cross Trades or Pre-Arranged Trades of the Eurex Trading System may be used for entering Cross Trades or Pre-Arranged Trades. In this case, announcement and entry of the corresponding Orders pursuant to Paragraph 2 will be automated. 

Trading Hours

Regular Trading Day
Pre-Trading Trading Post-Trading
Full Late1 Late2 Restricted
07:30 08:15 17:25 22:10
Last Trading Day
Pre-Trading Trading Post-Trading
Full Late1 Late2 Restricted
07:30 08:15 17:30

Trading Calendar

  • Jan 01
    Interest Rates | Equity | Equity Index | Dividends | FX | Volatility | ETF & ETC | Commodity | Cryptocurrency | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • Jan 02
    Fixed income derivatives | Equity | Equity Index | Dividends | ETF & ETC | FX | Switzerland | Holiday

    No cash payment in CHF

  • Jan 02
    Equity Index | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives

  • Jan 15
    Equity | Equity Index | Bloomberg | Exchange traded commodities derivatives | FX | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • Feb 19
    Equity | Equity Index | Bloomberg | Exchange traded commodities derivatives | FX | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • Mar 29
    Interest Rates | Equity | Equity Index | Dividends | Cryptocurrency | Volatility | FX | ETF & ETC | Commodity | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • Apr 01
    Interest Rates | Equity | Equity Index | Dividends | FX | Volatility | ETF & ETC | Commodity | Cryptocurrency | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • May 01
    Interest Rates | Equity | Equity Index | Dividends | FX | Volatility | ETF & ETC | Commodity | Cryptocurrency | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • May 06
    Equity Index | Great Britain | Holiday

    Eurex is closed for trading and exercise in British equity index derivatives

  • May 09
    Equity Index | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives

  • May 09
    Equity Index | Finland | Holiday

    Eurex is closed for trading and exercise in Finnish equity index derivatives

  • May 09
    Fixed income derivatives | Equity | Equity Index | Dividends | ETF & ETC | FX | Switzerland | Holiday

    No cash payment in CHF

  • May 20
    Equity Index | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives

  • May 20
    Fixed income derivatives | Equity | Equity Index | Dividends | ETF & ETC | FX | Switzerland | Holiday

    No cash payment in CHF

  • May 27
    Equity Index | Great Britain | Holiday

    Eurex is closed for trading and exercise in British equity index derivatives

  • May 27
    Equity | Equity Index | Bloomberg | Exchange traded commodities derivatives | FX | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • Jun 19
    Equity | Equity Index | Bloomberg | Exchange traded commodities derivatives | FX | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • Jun 21
    Equity Index | Finland | Holiday

    Eurex is closed for trading and exercise in Finnish equity index derivatives

  • Jul 04
    Equity | Equity Index | Bloomberg | Exchange traded commodities derivatives | FX | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • Aug 01
    Equity Index | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives

  • Aug 01
    Fixed income derivatives | Equity | Equity Index | Dividends | ETF & ETC | FX | Switzerland | Holiday

    No cash payment in CHF

  • Aug 26
    Equity Index | Great Britain | Holiday

    Eurex is closed for trading and exercise in British equity index derivatives

  • Sep 02
    Equity | Equity Index | Bloomberg | Exchange traded commodities derivatives | FX | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • Oct 14
    Equity | Equity Index | Bloomberg | Exchange traded commodities derivatives | FX | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • Nov 11
    Equity | Equity Index | Bloomberg | Exchange traded commodities derivatives | FX | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • Nov 28
    Equity | Equity Index | Bloomberg | Exchange traded commodities derivatives | FX | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • Dec 06
    Equity Index | Finland | Holiday

    Eurex is closed for trading and exercise in Finnish equity index derivatives

  • Dec 24
    Interest Rates | Equity | Equity Index | Dividends | Volatility | ETF & ETC | Cryptocurrency | Commodity | FX | Holiday

    Eurex is closed for trading in all derivatives

  • Dec 25
    Interest Rates | Equity | Equity Index | Dividends | FX | Volatility | ETF & ETC | Commodity | Cryptocurrency | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • Dec 26
    Interest Rates | Equity | Equity Index | Dividends | FX | Volatility | ETF & ETC | Commodity | Cryptocurrency | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • Dec 31
    Interest Rates | Equity | Equity Index | Dividends | Volatility | ETF & ETC | Cryptocurrency | Commodity | FX | Holiday

    Eurex is closed for trading in all derivatives

Transaction Fees

Fee Type Fee
Exchange transactions: Standard fees (A-accounts) EUR 0.60 per contract
Exchange transactions: Standard fees (M- and P-accounts) EUR 0.64 per contract
TES transactions: Standard fees (A-accounts) EUR 0.60 per contract
TES transactions: Standard fees (M- and P-accounts) EUR 0.64 per contract
Daily maintenance fees (A- and P-accounts) EUR 0.002 per contract
Daily maintenance fees (M-accounts) EUR 0.0015 per contract
Position Closing Adjustments EUR 1.20 per contract
Cash settlement (A-accounts) EUR 0.60 per contract
Cash settlement (M- and P-accounts) EUR 0.64 per contract
Position transfer with cash transfer EUR 7.50 per transaction

Order Book

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Market Status

XEUR

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

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. 

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

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