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18 Dec 2023
Eurex Repo Functional Information
New Break Date Order Type

Contact: Eurex Repo Sales

Importance: High Priority

Summary:

This Functional Information provides an overview of the new Break Date order type that was introduced on December 13, 2023:

The new Break Date order type simplifies month/quarter/year-end trading, establishes standardized settlement dates for better balance sheet management and helps to increase transparency. 

  • Introduced for GC Pooling and Special Market, can be entered as Quote / RfQ or Pre-arranged. 
  • Execution of the new order type will result in F7 generated series of forward repos (Flex Term / Non-Standard Term). 
  • All forward repos will have the same repo rate or offset in the case of variable repos. 
  • They are characterized by specific start dates (spot & flex/non-standard) and end dates (M1, M3, M6, M12 & flex/non-standard). 
  • Break dates occur on the first business day of each month or quarter. 
  • Importantly, each forward repo has its own unique trade identifier (UTI).


Best regards,

Your Eurex Repo Team
Repo.Sales@eurex.com
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Frank Gast, Matthias Graulich
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