Upload
others
View
1
Download
0
Embed Size (px)
Citation preview
www.eurexchange.com
Products2018
Equity Derivatives07 Single Stock Futures12 Equity Options19 Low Exercise Price Options21 Weekly Options
Equity Index Derivatives24 Equity Index Futures51 Equity Index Options67 Weekly Options70 Eurex/KRX-Link
FX Derivatives76 FX Futures80 FX Options
Dividend Derivatives85 Single Stock Dividend Futures88 Equity Index Dividend Futures92 EURO STOXX 50® Index Dividend Options
Volatility Derivatives 96 Volatility Futures99 Options on VSTOXX®-Futures
102 Variance Futures
Content Equi
tyDer
ivat
ives
Equi
ty Ind
exDer
ivat
ives
FX D
erivat
ives
Divid
end
Der
ivat
ives
Vol
atili
tyDer
ivat
ives
Exch
ange
Tr
aded
Pro
ducts
Der
ivat
ives
Com
mod
ity
Der
ivat
ives
Prop
erty
Der
ivat
ives
Inte
rest R
ate
Der
ivat
ives
Eure
x Rep
o
Appendix
Complex Orders189 Strategy Types
197 Trading in the U.S.203 Further Information
Exchange Traded Products Derivatives106 Equity Index ETF Futures109 Equity Index and Fixed Income ETF Options115 ETC Futures118 ETC Options121 Xetra-Gold® Futures 123 Xetra-Gold® Options
Commodity Derivatives
Bloomberg 127 Bloomberg Commodity IndexSM Futures131 Bloomberg Commodity IndexSM Options
Property Derivatives136 Property Futures
Interest Rate Derivatives
Fixed Income Derivatives140 Fixed Income Futures146 Options on Fixed Income Futures151 Futures on Interest Rate Swaps154 Corporate Bond Index Futures157 LDX IRS Constant Maturity Futures
Money Market Derivatives160 Money Market Futures169 Options on Money Market Futures
Eurex Repo177 Eurex Repo Repo Market183 Eurex Repo GC Pooling® Market 186 SecLend Market
Equi
tyDer
ivat
ives
Equi
ty Ind
exDer
ivat
ives
FX D
erivat
ives
Divid
end
Der
ivat
ives
Vol
atili
tyDer
ivat
ives
Exch
ange
Tr
aded
Pro
ducts
Der
ivat
ives
Com
mod
ity
Der
ivat
ives
Prop
erty
Der
ivat
ives
Inte
rest R
ate
Der
ivat
ives
Eure
x Rep
o
7
Contract standardsA broad range of shares of the 19 STOXX® Europe600 Supersectors as well as selected Brazilian,Canadian, Polish, Russian and U.S. shares.
Information about currently available Single StockFutures can be found on www.eurexchange.com >Products.
STOXX® Europe 600 supersectors
Automobiles & Parts
Banks
Basic Resources
Chemicals
Construction & Materials
Financial Services
Food & Beverage
Health Care
Industrial Goods & Services
Insurance
Media
Oil & Gas
Personal & Household Goods
Real Estate
Retail
Technology
Telecommunications
Travel & Leisure
Utilities
Sector code
SXAP
SX7P
SXPP
SX4P
SXOP
SXFP
SX3P
SXDP
SXNP
SXIP
SXMP
SXEP
SXQP
SX86P
SXRP
SX8P
SXKP
SXTP
SX6P
Single Stock FuturesEquity Derivatives Equi
tyDer
ivat
ives
9 8
Contract sizes1, 10, 100 or 1,000 shares.
Due to corporate actions the contract size for SingleStock Futures can differ from the standard contractsize. Current contract sizes can be found onwww.eurexchange.com > Products > EquityDerivatives > Single Stock Futures.
SettlementCash settlement, payable on the first exchange dayfollowing the last trading day.
Selected Spanish Single Stock Futures are alsoavailable with physical delivery: 100 shares of the underlying two exchange days following the last trading day.
Minimum price changeEUR 0.0001, CHF 0.0001, CHF 0.001, USD 0.0001, GBp 0.0001.
Contract monthsUp to 36 months: The 13 nearest successive calen - dar months as well as the two following annualmonths of the December cycle thereafter.
Last trading day and final settlement dayLast trading day is the final settlement day. Finalsettlement day is the third Friday, for Italian SingleStock Futures the day before the third Friday ofeach maturity month, if this is an exchange day;otherwise the exchange day immediately precedingthat day. Close of trading in the maturing SingleStock Futures on the last trading day is at 17:45 CET.
For Russian Single Stock Futures trading ceases in the maturing futures contract on the last tradingday at 16:40 CET.
For Brazilian, Canadian and U.S. Single StockFutures trading ceases in the maturing futurescontract on the last trading day at 15:30 CET(for March contracts already at 14:30 CET).
Daily settlement priceThe daily settlement price is established by Eurex.The daily settlement prices for Single Stock Futures are derived from the closing price of the under lying determined during the closing auction of the corresponding domestic cash market plus the respective cost of carry.
For Brazilian, Canadian and U.S. Single StockFutures the daily settlement price is derived from the volume-weighted average of the lastthree prices of the underlying before 17:45 CET (reference point) in the appropriate contract plusthe respective cost of carry.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
Final settlement priceThe final settlement price is established by Eurexbased on the closing price determined within the electronic trading system of the domestic cashmarket for the respective underlying on the lasttrading day.
The final settlement price for Brazilian, Canadianand U.S. Single Stock Futures with the productgroup code US01 is based on the opening price of the floor trading of NYSE Euronext New York,
Equi
tyDer
ivat
ives
11
for U.S. Single Stock Futures with the productgroup code US02 on the opening auction pricedetermined within the electronic trading system of NASDAQ on the last trading day respectively.
Trading hours and product currency
The opening time of 09:00 CET is considered a refer ence point. Eurex opens its Single StockFutures staggered on a country-by-countryapproach between 08:50 and 09:00 CET.
For details, please visit the trading calendar on the Eurex website www.eurexchange.com >Trading > Trading Calendar.
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Single Stock Futures:
• Block Trades - supported by Bulk Load Panel - Non-Disclosure facility implemented• Flexible Futures• T7 Entry Service via e-mail (Russian Single Stock Futures)
10
Contract
Standard
British Single Stock Futures
Russian Single StockFutures
Swiss Single Stock Futures
Brazilian, Canadian andU.S. Single Stock Futures
Trading hours
09:00–17:45 CET
09:00–17:45 CET
09:00–17:45 CET
09:00–17:45 CET
09:00–22:00 CET
Productcurrency
EUR
GBP
USD
CHF
USD
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours
Contract
Austrian, Belgian, Swiss, Irish, Norwegian, Portuguese and Swedish Single Stock Futures
German, Spanish, Finnish, French, Italianand Dutch Single Stock Futures
British, Polish and Russian Single StockFutures
Brazilian, Canadian and U.S. Single StockFutures
Time
08:58–19:33 CET
09:00–19:35 CET
09:01–19:36 CET
09:01–22:30 CET
Equi
tyDer
ivat
ives
13 12
Contract standardsA broad range of shares of the 19 STOXX® Europe600 Supersectors as well as selected Russian shares.
Information about currently available equityoptions can be found on www.eurexchange.com >Products.
Contract sizes1, 10, 100, 500, 1,000 or 2,500 shares.
SettlementPhysical delivery of 1, 10, 50, 100, 500, 1,000 or2,500 shares of the underlying two exchange daysafter exercise.
Minimum price changeEUR 0.0005, EUR 0.001, EUR 0.01, CHF 0.01,GBp 0.25, GBp 0.50 or USD 0.01.
Contract monthsUp to 12 months: The three nearest successivecalendar months and the three following quarterlymonths of the March, June, September andDecember cycle thereafter.
Up to 24 months: The three nearest successivecalendar months, the three following quarterlymonths of the March, June, September andDecember cycle thereafter, and the two followingsemi-annual months of the June and Decembercycle thereafter.
Up to 60 months: The three nearest successivecalendar months, the three (for Spanish equityoptions nine) following quarterly months of theMarch, June, September and December cycle thereafter, and the four (for Spanish equity optionsthe nearest) following semi-annual months of the June and December cycle thereafter, and thetwo following annual months of the Decembercycle thereafter.
Equity Options
STOXX® Europe 600 supersectors
Automobiles & Parts
Banks
Basic Resources
Chemicals
Construction & Materials
Financial Services
Food & Beverage
Health Care
Industrial Goods & Services
Insurance
Media
Oil & Gas
Personal & Household Goods
Real Estate
Retail
Technology
Telecommunications
Travel & Leisure
Utilities
Sector code
SXAP
SX7P
SXPP
SX4P
SXOP
SXFP
SX3P
SXDP
SXNP
SXIP
SXMP
SXEP
SXQP
SX86P
SXRP
SX8P
SXKP
SXTP
SX6P
Equi
tyDer
ivat
ives
15 14
Last trading dayLast trading day is the third Friday, for Italianequity options the day before the third Friday, of each expiration month, if this is an exchangeday; otherwise, the exchange day immediatelypreceding that day.
Daily settlement priceThe daily settlement price is established by Eurex.The daily settlement prices for equity options aredetermined through the binomial model accordingto Cox/Ross/Rubinstein. If necessary, dividendexpectations, current interest rates or other pay -ments are taken into consideration.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
ExerciseEquity options can be exercised either American-or European-style:
Standard – American-style:Equity options can be exercised until the end ofthe Post-Trading Full Period (20:00 CET) on anyexchange day during the lifetime of the option.
Exceptions – European-style:Equity options with group ID DE14, CH14, FI14,FR14 and NL14 can only be exercised on the lasttrading day until the end of the Post-TradingFull-Period (20:00 CET).
Russian equity options can only be exercised on the last trading day until the end of the Post-Trading Full-Period (17:40 CET).
Exercise prices (standard)
The exercise prices in several country segmentsand group IDs are different from the standardexercise prices; the complete exercise prices are available in the contract specifications on www.eurexchange.com > Resources > Rules &Regulations.
Number of exercise pricesUpon the admission of the options, at least sevenexercise prices shall be made available for eachdue date with a term of up to 24 months for eachcall and put, such that three exercise prices are in-the-money, one is at-the-money and three areout-of-the-money.
Exercise prices inEUR, CHF or USD
Up to 2
2 – 4
4 – 8
8 – 20
20 – 52
52 – 100
100 – 200
200 – 400
> 400
Exercise price intervals in EUR, CHF or USD for expiration monthswith a remaining lifetime of
< 3 months
0.05
0.10
0.20
0.50
1.00
2.00
5.00
10.00
20.00
4–12months
0.10
0.20
0.40
1.00
2.00
4.00
10.00
20.00
40.00
> 12months
0.20
0.40
0.80
2.00
4.00
8.00
20.00
40.00
80.00
Equi
tyDer
ivat
ives
17 16
Upon the admission of the options, at least fiveexercise prices shall be made available for eachdue date with a term of more than 24 months foreach call and put, such that two exercise pricesare in-the-money, one is at-the-money and twoare out-of-the-money.
Upon the admission of Dutch, Belgian and Frenchoptions, at least nine exercise prices shall be madeavailable for each due date with a term of up to12 months for each call and put, such that fourexercise prices are in-the-money, one is at-the-money and four are out-of-the-money.
Upon the admission of Dutch, Belgian and Frenchoptions, at least seven exercise prices shall be madeavailable for each due date with a term of morethan 12 months for each call and put, such thatthree exercise prices are in-the-money, one is at-the-money and three are out-of-the-money.
Option premiumThe premium is payable in full in the currency of the respective contract on the exchange dayfollowing the day of the trade.
Trading hours and product currency
The standard opening time of 09:00 CET is con sidered a reference point. Eurex opens its equity options staggered on a country-by-country ap proach between 08:50 and 09:05 CET.
The standard closing time of 17:30 CET is con sidered a reference point. Eurex closes its equity options staggered on a country-by-country approach between 17:30 and 17:36 CET.
For details, please visit the trading calendar on the Eurex website www.eurexchange.com >Trading > Trading Calendar.
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Equity Options:
• Multilateral Trade Registration• Block Trades (including vola strategy trades with cash equity leg) - Non-Disclosure facility implemented• Flexible Options (not for European-style equity options)• T7 Entry Service via e-mail (only for Russian equity options)
Contract
Standard
British equity options
Russian equity options
Swiss equity options
Trading hours
09:00–17:30 CET
09:00–17:30 CET
09:05–16:30 CET
09:00–17:20 CET
Productcurrency
EUR
GBP
USD
CHF
Equi
tyDer
ivat
ives
19 18
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours
This section only lists the differences with respectto the regular contract specifications for equityoptions, whereas for every equity option a LowExercise Price Option (LEPO) is available.
Contract monthsUp to 6 months: The nearest calendar month andthe two following quarterly months of the March,June, September and December cycle thereafter.
Exercise pricesExercise price of a LEPO is the smallest exerciseprice of an option available in the Eurex® system.
For example, for securities with exercise prices withtwo decimal places, LEPOs with an exercise priceof EUR 0.01, CHF 0.01, GBp 0.01 or USD 0.01,respectively, will be set up. Options with an exercise price with one decimal place have an exercise price of EUR 0.1, CHF 0.1, GBp 0.1 or USD 0.1 respectively.
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Low Exercise Price Options:
• Multilateral Trade Registration• Block Trades• Flexible Options• T7 Entry Service via e-mail (Russian LEPOs)
Contract
Standard
Austrian equity options
British and Irish equity options
Russian equity options
Time
09:00–19:00 CET
09:15–19:00 CET
09:00–18:30 CET
09:15–19:00 CET16:30–17:00 CET on the last trading day
Low Exercise Price Options(LEPOs)
Equi
tyDer
ivat
ives
20
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
21
This section only lists the differences with respectto the regular contract specifications for equityoptions. Eurex offers Weekly Options on all EUROSTOXX 50® Index components as well as on the shares of selected Swiss underlying instruments.
Information about all available Weekly Optionscan be found on www.eurexchange.com >Products.
Contract months1st, 2nd und 4th Friday Weekly Options:One month for all contracts expiring on the 1st,2nd and 4th Friday of a calendar month. At the start of trading on each Friday, the WeeklyOptions for the same week of the followingmonth will be listed.
5th Friday Weekly Options: More than onemonth for contracts expiring on the 5th Friday ofa calendar month. For months without a 5thFriday, the option expiration will fall on the next5th Friday.
Contract size100 shares
Minimum price changeEUR 0.01
Weekly Options Equi
tyDer
ivat
ives
Equity IndexDerivatives
22
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Weekly Options:
• Multilateral Trade Registration• Block Trades (including vola strategy trades with cash equity leg)
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
25 24
Underlyings
Equity IndexFutures
Futures on
EURO STOXX 50® Index
EURO STOXX 50® ex Financials Index
EURO STOXX 50® Quanto Index
EURO STOXX® Select Dividend 30 Index
EURO STOXX® Index
EURO STOXX® Large Index
EURO STOXX® Mid Index
EURO STOXX® Small Index
STOXX® Europe 50 Index
STOXX® Global Select Dividend 100 Index
STOXX® Europe 600 Index
STOXX® Europe Large 200 Index
STOXX® Europe Mid 200 Index
STOXX® Europe Small 200 Index
DAX®, the blue chip index of Deutsche Börse AG
DivDAX®, the dividend index of Deutsche Börse AG
MDAX®, the mid cap index of Deutsche Börse AG
TecDAX®, the technology index of Deutsche Börse AG
SMI®, the blue chip index of SIX Swiss Exchange
SMI® Mid, the mid cap index of SIX Swiss Exchange
SLI Swiss Leader Index®, the blue chip index with capped weightings of SIX Swiss Exchange
OMXH25, the Finnish equity index
ProductID
FESX
FEXF
FESQ
FEDV
FXXE
FLCE
FMCE
FSCE
FSTX
FGDV
FXXP
FLCP
FMCP
FSCP
FDAX®/FDXM
FDIV
F2MX
FTDX
FSMI
FSMM
FSLI
FFOX
Equi
ty Ind
exDer
ivat
ives
Futures on
ATX®, the Austrian blue chip index of Vienna StockExchange
ATX® five, consisting of the five shares with the highest weighting in the ATX®
CECE® EUR Index, the composite Eastern Europeanindex of Vienna Stock Exchange comprising the stocksincluded in the Hungarian Traded Index (HTX), CzechTraded Index (CTX) and Polish Traded Index (PTX)
RDX® EUR/USD Index, the Russian blue chip index of Wiener Börse AG
SENSEX, the Indian blue chip index of Bombay Stock Exchange (BSE)
TA-35, the Israeli blue chip index of the Tel Aviv StockExchange (TASE)
ProductID
FATX
FATF
FCEE
FRDE/FRDX
FSEN
FT25
MSCI Indexes
Futures on
MSCI AC ASEAN Index
MSCI AC Asia Index
MSCI AC Asia ex Japan Index
MSCI AC Asia Pacific Index
MSCI AC Asia Pacific ex Japan Index
MSCI ACWI Index (EUR)
MSCI ACWI Index (USD)
MSCI ACWI ex USA Index
MSCI EAFE Index
MSCI EAFE Price Index
MSCI Emerging Markets Index (EUR)
MSCI Emerging Markets Index (USD)
MSCI Emerging Markets Growth Index
MSCI Emerging Markets Value Index
MSCI Emerging Markets Price Index
MSCI Emerging Markets Asia Index
MSCI Emerging Markets EMEA Index
MSCI Emerging Markets EMEA ex Turkey Index
ProductID
FMSE
FMAA
FMXJ
FMAP
FMAS
FMAE
FMAC
FMXU
FMFA
FMFP
FMEN
FMEM
FMMG
FMMV
FMEF
FMEA
FMEE
FMXT
27 26Eq
uity
Ind
exDer
ivat
ives
MSCI Indexes
Futures on
MSCI Emerging Markets Latin America Index
MSCI Emerging Markets Latin America ex Brazil Index
MSCI EMU Index
MSCI EMU GTR Index
MSCI EMU Growth Index
MSCI EMU Value Index
MSCI Europe Index (EUR)
MSCI Europe Index (USD)
MSCI Europe GTR Index (EUR)
MSCI Europe GTR Index (USD)
MSCI Europe Growth Index
MSCI Europe Value Index
MSCI Europe Price Index
MSCI Europe ex Switzerland Index
MSCI Frontier Markets Index
MSCI Kokusai Index
MSCI Kokusai GTR Index
MSCI North America Index
MSCI North America GTR Index
MSCI Pacific Index
MSCI Pacific GTR Index
MSCI Pacific ex Japan Index
MSCI World Index (EUR)
MSCI World Index (USD)
MSCI World GTR Index (EUR)
MSCI World GTR Index (USD)
MSCI World Growth Index
MSCI World Value Index
MSCI World Price Index
MSCI World Midcap Index
MSCI Australia Index
MSCI Canada Index
ProductID
FMEL
FMXB
FMMU
FMGM
FMIG
FMIV
FMEU
FMED
FMGE
FMGU
FMEG
FMEV
FMEP
FMXS
FMFM
FMKN
FMKG
FMNA
FMGA
FMPA
FMPG
FMPX
FMWN
FMWO
FMWE
FMWG
FMOG
FMOV
FMWP
FMWM
FMAU
FMCA
MSCI Indexes
Futures on
MSCI Canada GTR Index
MSCI Chile Index
MSCI China Free Index
MSCI Colombia Index
MSCI Czech Republic Index
MSCI Egypt Index
MSCI France Index
MSCI France GTR Index
MSCI Hong Kong Index
MSCI Hungary Index
MSCI India Index
MSCI Indonesia Index
MSCI Japan Index
MSCI Japan GTR Index
MSCI Malaysia Index
MSCI Mexico Index
MSCI Morocco Index
MSCI New Zealand Index
MSCI Pakistan Index
MSCI Peru Index
MSCI Philippines Index
MSCI Poland Index
MSCI Qatar Index
MSCI Russia Index
MSCI Russia Price index
MSCI South Africa Index
MSCI Taiwan Index
MSCI Thailand Index
MSCI UAE Index
MSCI UK Index (GBP)
MSCI UK Index (USD)
MSCI USA Index
ProductID
FMGC
FMCL
FMCN
FMCO
FMCZ
FMEY
FMFR
FMGF
FMHK
FMHU
FMIN
FMID
FMJP
FMJG
FMMY
FMMX
FMMA
FMNZ
FMPK
FMPE
FMPH
FMPL
FMQA
FMRS
FMRU
FMZA
FMTW
FMTH
FMUA
FMUK
FMDK
FMUS
29 28Eq
uity
Ind
exDer
ivat
ives
MSCI Indexes
Futures on
MSCI USA GTR Index
MSCI USA Equal Weighted Index
MSCI USA Momentum Index
MSCI USA Quality Index
MSCI USA Value Weighted Index
ProductID
FMGS
FMUE
FMUM
FMUQ
FMUV
EURO STOXX® sector index products
Futures on
Automobiles & Parts
Banks
Basic Resources
Chemicals
Construction & Materials
Financial Services
Food & Beverage
Health Care
Industrial Goods & Services
Insurance
Media
Oil & Gas
Personal & Household Goods
Real Estate
Retail
Technology
Telecommunications
Travel & Leisure
Utilities
Product ID
FESA
FESB
FESS
FESC
FESN
FESF
FESO
FESH
FESG
FESI
FESM
FESE
FESZ
FESL
FESR
FESY
FEST
FESV
FESU
Sector code
SXAE
SX7E
SXPE
SX4E
SXOE
SXFE
SX3E
SXDE
SXNE
SXIE
SXME
SXEE
SXQE
SX86E
SXRE
SX8E
SXKE
SXTE
SX6E
STOXX® Europe 600 sector index products
Futures on
Automobiles & Parts
Banks
Basic Resources
Chemicals
Construction & Materials
Financial Services
Food & Beverage
Health Care
Industrial Goods & Services
Insurance
Media
Oil & Gas
Personal & Household Goods
Real Estate
Retail
Technology
Telecommunications
Travel & Leisure
Utilities
Product ID
FSTA
FSTB
FSTS
FSTC
FSTN
FSTF
FSTO
FSTH
FSTG
FSTI
FSTM
FSTE
FSTZ
FSTL
FSTR
FSTY
FSTT
FSTV
FSTU
Sector code
SXAP
SX7P
SXPP
SX4P
SXOP
SXFP
SX3P
SXDP
SXNP
SXIP
SXMP
SXEP
SXQP
SX86P
SXRP
SX8P
SXKP
SXTP
SX6P
Settlement Cash settlement, payable on the first exchangeday following the final settlement day.
31 30
Contract values, price quotation and minimum price change
Contract
EURO STOXX 50®
Index Futures
EURO STOXX 50®
ex Financials Index Futures
EURO STOXX 50® QuantoIndex Futures
EURO STOXX® SelectDividend 30 Index Futures
EURO STOXX®
Index Futures
EURO STOXX® Large Index Futures
EURO STOXX®Mid Index Futures
EURO STOXX® Small Index Futures
STOXX® Europe 50 Index Futures
STOXX® Global SelectDividend 100 Index Futures
STOXX® Europe 600 Index Futures
STOXX® Europe Large 200 Index Futures
STOXX® Europe Mid 200 Index Futures
STOXX® Europe Small 200 Index Futures
EURO STOXX®
Sector Index Futures
STOXX® Europe 600 Sector Index Futures
Contractvalue*
EUR 10
EUR 10
USD 10
EUR 10
EUR 50
EUR 50
EUR 50
EUR 50
EUR 10
EUR 10
EUR 50
EUR 50
EUR 50
EUR 50
EUR 50
EUR 50
Minimum pricechange
Points
1
0.5
1
0.5
0.1
0.1
0.1
0.1
1
0.5
0.1
0.1
0.1
0.1
0.1
0.1
Value
EUR 10
EUR 5
USD 10
EUR 5
EUR 5
EUR 5
EUR 5
EUR 5
EUR 10
EUR 5
EUR 5
EUR 5
EUR 5
EUR 5
EUR 5
EUR 5
* Per index point of the underlying
Equi
ty Ind
exDer
ivat
ives
Contract
DAX® Futures
Mini-DAX® Futures
DivDAX® Futures
MDAX® Futures
TecDAX® Futures
SMI® Futures
SMIM® Futures
SLI® Futures
OMXH25 Futures
ATX® Futures
ATX® five Futures
CECE® EUR Index Futures
RDX® EUR Index Futures
RDX® USD Index Futures
MSCI AC ASEAN IndexFutures
MSCI AC Asia IndexFutures
MSCI AC Asia ex JapanIndex Futures
MSCI AC Asia Pacific Index Futures
MSCI AC Asia Pacific exJapan Index Futures
MSCI ACWI Index Futures(FMXU)
MSCI ACWI Index Futures(FMAE)
MSCI ACWI ex USA IndexFutures
MSCI EAFE Index Futures
MSCI EAFE Price IndexFutures
MSCI Emerging MarketsIndex Futures (FMEM)
Contractvalue*
EUR 25
EUR 5
EUR 200
EUR 5
EUR 10
CHF 10
CHF 10
CHF 10
EUR 10
EUR 10
EUR 10
EUR 10
EUR 10
USD 10
USD 10
USD 100
USD 100
USD 100
USD 100
USD 100
EUR 100
USD 100
USD 10
USD 50
USD 100
Minimum pricechange
Points
0.5
1
0.05
1
0.5
1
1
0.1
0.1
0.5
0.5
0.5
0.5
0.5
1
0.1
0.1
0.1
0.1
0.05
0.05
0.05
1
0.5
0.1
Value
EUR 12.50
EUR 5
EUR 10
EUR 5
EUR 5
CHF 10
CHF 10
CHF 1
EUR 1
EUR 5
EUR 5
EUR 5
EUR 5
USD 5
USD 10
USD 10
USD 10
USD 10
USD 10
USD 5
EUR 5
USD 5
USD 10
USD 25
USD 10
33 32Eq
uity
Ind
exDer
ivat
ives
* Per index point of the underlying
MSCI Emerging MarketsIndex Futures (FMEN)
MSCI Emerging MarketsGrowth Index Futures
MSCI Emerging MarketsValue Index Futures
MSCI Emerging MarketsPrice Index Futures (FMEF)
MSCI Emerging MarketsAsia Index Futures
MSCI Emerging MarketsEMEA Index Futures
MSCI Emerging MarketsEMEA ex Turkey IndexFutures
MSCI Emerging MarketsLatin America IndexFutures
MSCI Emerging MarketsEMEA Latin America exBrazil Index Futures
MSCI EMU Index Futures
MSCI EMU GTR IndexFutures
MSCI EMU Growth IndexFutures
MSCI EMU Value IndexFutures
MSCI Europe IndexFutures (FMEU)
MSCI Europe IndexFutures (FMED)
MSCI Europe GTR IndexFutures (FMGE)
MSCI Europe GTR IndexFutures (FMGU)
MSCI Europe GrowthIndex Futures
EUR 100
USD 10
USD 10
USD 50
USD 100
USD 100
USD 50
USD 100
USD 10
EUR 100
EUR 100
EUR 100
EUR 100
EUR 100
USD 10
EUR 100
USD 10
EUR 100
0.1
1
1
0.1
0.1
0.1
0.5
0.1
0.5
0.05
0.05
0.1
0.1
0.05
1
0.05
1
0.05
EUR 10
USD 10
USD 10
EUR 5
USD 10
USD 10
USD 25
USD 10
USD 5
EUR 5
EUR 5
EUR 10
EUR 10
EUR 5
USD 10
EUR 5
USD 10
EUR 5
Contract Contractvalue*
Minimum pricechange
Points Value
MSCI Europe Value IndexFutures
MSCI Europe Price IndexFutures
MSCI Europe exSwitzerland Index Futures
MSCI Frontier MarketsIndex Futures
MSCI Kokusai IndexFutures
MSCI Kokusai GTR IndexFutures
MSCI North America IndexFutures
MSCI North America GTRIndex Futures
MSCI Pacific Index Futures
MSCI Pacific GTR IndexFutures
MSCI Pacific ex JapanIndex Futures
MSCI World Index Futures(FMWN)
MSCI World Index Futures(FMWO)
MSCI World GTR IndexFutures (FMWE)
MSCI World GTR IndexFutures (FMWG)
MSCI World Growth IndexFutures
MSCI World Value IndexFutures
MSCI World Price IndexFutures (FMWP)
MSCI World Midcap IndexFutures
MSCI Australia IndexFutures
EUR 100
EUR 100
EUR 100
USD 10
USD 10
USD 10
USD 10
USD 10
USD 10
USD 10
USD 10
EUR 100
USD 10
EUR 100
USD 10
USD 100
USD 100
USD 10
USD 50
USD 10
0.05
0.05
0.05
0.5
1
1
1
1
1
1
1
0.05
1
0.05
1
0.1
0.1
0.5
0.5
1
EUR 5
EUR 5
EUR 5
USD 5
USD 10
USD 10
USD 10
USD 10
USD 10
USD 10
USD 10
EUR 5
USD 10
EUR 5
USD 10
USD 10
USD 10
USD 5
USD 25
USD 10
Contract Contractvalue*
Minimum pricechange
Points Value
35 34Eq
uity
Ind
exDer
ivat
ives
* Per index point of the underlying
MSCI Canada IndexFutures
MSCI Canada GTR IndexFutures
MSCI Chile IndexFutures
MSCI China Free IndexFutures
MSCI Colombia IndexFutures
MSCI Czech RepublicIndex Futures
MSCI Egypt IndexFutures
MSCI France IndexFutures
MSCI France GTR IndexFutures
MSCI Hong Kong IndexFutures
MSCI Hungary IndexFutures
MSCI India IndexFutures
MSCI Indonesia IndexFutures
MSCI Japan IndexFutures
MSCI Japan GTR IndexFutures
MSCI Malaysia IndexFutures
MSCI Mexico IndexFutures
MSCI Morocco IndexFutures
MSCI New Zealand Index Futures
USD 10
USD 10
USD 50
USD 50
USD 10
USD 50
USD 50
EUR 100
EUR 100
USD 1
USD 100
USD 100
USD 10
USD 10
USD 10
USD 100
USD 50
USD 100
USD 100
1
1
0.1
0.1
1
0.1
0.5
0.05
0.05
10
0.1
0.1
0.5
1
1
0.1
0.1
0.1
0.1
USD 10
USD 10
USD 5
USD 5
USD 10
USD 5
USD 25
EUR 5
EUR 5
USD 10
USD 10
USD 10
USD 5
USD 10
USD 10
USD 10
USD 5
USD 10
USD 10
Contract Contractvalue*
Minimum pricechange
Points Value
35
MSCI Pakistan IndexFutures
MSCI Peru IndexFutures
MSCI Philippines IndexFutures
MSCI Poland IndexFutures
MSCI Qatar IndexFutures
MSCI Russia IndexFutures
MSCI Russia Price IndexFutures
MSCI South Africa IndexFutures
MSCI Taiwan Index Futures
MSCI Thailand IndexFutures
MSCI UAE IndexFutures
MSCI UK Index Futures(FMUK)
MSCI UK Index Futures(FMDK)
MSCI USA IndexFutures
MSCI USA GTR IndexFutures
MSCI USA Equal WeightedIndex Futures
MSCI USA Value WeightedIndex Futures
MSCI USA MomentumIndex Futures
MSCI USA Quality IndexFutures
SENSEX Futures
TA-35 Index Futures
USD 50
USD 10
USD 50
USD 100
USD 10
USD 50
USD 10
USD 100
USD 100
USD 10
USD 50
GBP 10
USD 10
USD 10
USD 10
USD 10
USD 10
USD 10
USD 10
USD 1
USD 25
0.5
0.5
0.1
0.1
0.5
0.1
0.1
0.1
0.1
0.5
0.1
1
1
1
1
1
1
1
1
5
0.5
USD 25
USD 5
USD 5
USD 10
USD 5
USD 5
USD 1
USD 10
USD 10
USD 5
USD 5
GBP 10
USD 10
USD 10
USD 10
USD 10
USD 10
USD 10
USD 10
USD 5
USD 12.50
Contract Contractvalue*
Minimum pricechange
Points Value
37 36Eq
uity
Ind
exDer
ivat
ives
Contract monthsStandard – up to 9 months: The three nearestquarterly months of the March, June, Septemberand December cycle.
TA-35 Index Futures – up to 3 months: The threenearest successive calendar months.
SENSEX Futures – up to 6 months: The three nearest successive calendar months and the following quarterly month of the March, June,September and December cycle thereafter.
MSCI Index Futures – up to 36 months:The twelve nearest quarterly months of the March,June, September and December cycle.
CECE® EUR Index Futures, RDX® EUR IndexFutures – up to 36 months:The four nearest quarterly months of the March,June, September and December cycle and the fourfollowing semi-annual months of the June andDecember cycle.
RDX® USD Index Futures – up to 60 months:The four nearest quarterly months of the March,June, September and December cycle, the fourfollowing semi-annual months of the June andDecember cycle and the two following annualmonths of the December cycle thereafter.
Last trading day and final settlement dayLast trading day is the third Friday of each maturitymonth if this is an exchange day; otherwise the exchange day immediately preceding that day.
Final settlement day is the last trading day, forSTOXX® Global Select Dividend 100 Index andMSCI Index Futures the exchange day followingthe last trading day.
Last trading day and final settlement day forSENSEX Futures is the last Thursday of each maturity month if this is an exchange day (both at Eurex and BSE); otherwise the exchange dayimmediately preceding that day.
Last trading day for TA-35 Index Futures is theWednesday preceding the last Friday of eachmaturity month if this is an exchange day (both at Eurex and TASE); otherwise the exchange dayimmediately preceding that day.
Final settlement day for TA-35 Index Futures isthe Thursday preceding the last Friday of eachmaturity month if this is an exchange day both at Eurex and TASE; otherwise the exchange dayimmediately preceding that day. If the final settle-ment day of the TASE contracts is not an exchangeday at Eurex Exchange, the final settlement day of the Eurex contracts shall be the exchange dayat Eurex Exchange immediately following that day and on which the final settlement price ofTASE is available.
Close of trading in the maturing futures on the last trading day is at:
Contract
EURO STOXX 50® Index Futures
EURO STOXX 50® ex Financials IndexFutures
EURO STOXX 50® Quanto Index Futures
EURO STOXX® Select Dividend 30 IndexFutures
EURO STOXX® Index Futures
EURO STOXX® Large Index Futures
EURO STOXX®Mid Index Futures
EURO STOXX® Small Index Futures
Close of trading
12:00 CET
39 38Eq
uity
Ind
exDer
ivat
ives
Contract
STOXX® Europe 50 Index Futures
STOXX® Europe 600 Index Futures
STOXX® Europe Large 200 Index Futures
STOXX® Europe Mid 200 Index Futures
STOXX® Europe Small 200 Index Futures
EURO STOXX® Sector Index Futures
STOXX® Europe 600 Sector Index Futures
STOXX® Global Select Dividend 100Index Futures
DAX® Futures
Mini-DAX® Futures
DivDAX® Futures
MDAX® Futures
TecDAX® Futures
SMI® Futures
SMIM® Futures
SLI® Futures
OMXH25 Futures
ATX® Futures
ATX® five Futures
CECE® EUR Index Futures
RDX® EUR/USD Index Futures
MSCI Index Futures
SENSEX Futures
TA-35 Index Futures
Close of trading
12:00 CET
22:00 CET
Beginning of the Xetra®
intraday auction starting at 13:00 CET(for MDAX® Futures at 13:05 CET).
09:00 CET
17:30 CET
12:00 CET
17:10 CET
16:30 CET
22:00 CET
11:00 CET (12:00 CEST)
22:00 CET
Daily settlement priceThe daily settlement prices for the current maturitymonth are derived from the volume-weightedaverage of the prices of all transactions during the minute before 17:30 CET (for FSMI/FSMM/FSLI 17:20 CET, FCEE 17:10 CET, FRDE/FRDX16:30 CET, reference point), provided that morethan five trades have been trans acted within this period.
For the remaining maturity months, the daily settlement price for a contract is determinedbased on the average bid/ask spread of the combination order book.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
Final settlement priceThe final settlement price is established by Eurex on the final settlement day according to the following rules:
Contract
EURO STOXX 50® IndexFutures
EURO STOXX 50® exFinancials Index Futures
EURO STOXX 50® QuantoIndex Futures
EURO STOXX® SelectDividend 30 Index Futures
EURO STOXX® Index Futures
EURO STOXX® Large IndexFutures
EURO STOXX®Mid IndexFutures
EURO STOXX® Small IndexFutures
Final settlement price
Average of the respective STOXX®
Index values calculated between11:50 and 12:00 CET.
41 40Eq
uity
Ind
exDer
ivat
ives
Contract
STOXX® Europe 50 IndexFutures
STOXX® Europe 600 IndexFutures
STOXX® Europe Large 200Index Futures
STOXX® Europe Mid 200Index Futures
STOXX® Europe Small 200Index Futures
EURO STOXX® Sector IndexFutures
STOXX® Europe 600 SectorIndex Futures
STOXX® Global SelectDividend 100 Index Futures
DAX® Futures
Mini-DAX® Futures
DivDAX® Futures
MDAX® Futures
TecDAX® Futures
SMI® Futures
SMIM® Futures
SLI® Futures
OMXH25 Futures
ATX® Futures
ATX® five Futures
Final settlement price
Average of the respective STOXX®
Index values calculated between11:50 and 12:00 CET.
Value of the STOXX® GlobalSelect Dividend 100 Index, based on the closing prices of the respective electronic trading systems for the indexcomponent shares.
Value of the respective index,based on Xetra® auction prices ofthe respective index componentshares. The intraday auctionstarts at 13:00 CET (for MDAX®
component shares at 13:05 CET)
Value of the respective index,based on SIX Swiss Exchange opening prices of the respectiveindex component shares.
Value of the OMXH25, based on NASDAQ OMX Helsinki volume-weighted average pricesof the index component sharesfrom 08:40 until 17:30 CET.
Value of the respective index,based on the auction prices of the respective index com-ponent shares calculated by the electronic trading system of Vienna Stock Exchange.
Trading hours07:50–22:00 CET(FT25: 08:30–22:00 CET)
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Equity Index Futures:
• Multilateral Trade Registration (MSCI Index Futures)• Block Trades• Flexible Futures• Vola Trades• EFPI Trades• EFS Trades• T7 Entry Service via e-mai (MSCI Russia Index Futures)
Contract
CECE® EUR Index Futures
RDX® EUR/USD IndexFutures
MSCI Index Futures
SENSEX Futures
TA-35 Index Futures
Final settlement price
Value of the CECE® EUR Index,based on the closing prices of the respective electronic trading systems for the indexcomponent shares.
Value of the RDX® EUR/USDIndex, based on the closing prices of the London StockExchange (IOB) for the indexcomponent shares.
Value of the respective MSCIIndex, based on the closing pricesof the respective cash markets ofthe index component shares.
Value of the SENSEX, based onthe volume-weighted averageprices of the index componentshares during the last 30 tradingminutes.
Value of the TA-35 Index, based on TASE opening prices of the respective index com-ponent shares.
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours
Trading in the U.S.All equity index futures available for trading in the U.S. can be found on page 197.
43 42Eq
uity
Ind
exDer
ivat
ives
Contract
Standard
EURO STOXX® Sector Index Futures
STOXX® Europe 600 Sector Index Futures
TA-35 Index Futures
Time
08:00–22:00 CET
08:05–22:00 CET
08:30–22:00 CET
Index type
Price index
DVP index
Funding rate
Currency
EUR
EUR
EUR
Index
EURO STOXX 50® Index
EURO STOXX 50® DistributionPoint Index
EONIA
EURO STOXX 50® IndexTotal Return Futures
Underlying instruments
Settlement Cash settlement, payable on the first exchangeday following the final settlement day.
Contract multiplier EUR 10 per index point.
Quotation and minimum change of the TRF spreadTRF spread as annualized rate expressed in basispoints with one decimal place. The minimumchange 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 EURO STOXX 50® Index close.Trade at Market (TAM) with a custom-defined index level.
Accrued distributions and accrued fundingThe distribution and funding rate payments will be accumulated from the product launch dateand added to the TRF futures price in index points.The daily changes in distributions and fundingpayments are paid out via variation margin.
45 44
Contract monthsUp to 119 months: The 21 nearest quarterlymonths of the March, June, September andDecember cycle and the five following annualmonths of the December cycle thereafter.
Last trading day and final settlement dayLast trading day is the exchange day immediatelypreceding the final settlement day. Final settlementday is the third Friday of each maturity month if this is an exchange day; otherwise the exchangeday immediately preceding that day. Close of trading in the maturing futures on the last tradingday is at 17:25 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 auctionbetween 17:25 and 17:30 CET.
• Should no trades be executed in the closingauction, then the daily settlement TRF spread is determined based on the average bid/askspread of the respective contract month.
• Should no price be determined according tothe 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 closeof EURO STOXX 50® Index, the daily settlement
Equi
ty Ind
exDer
ivat
ives
TRF spread as well as the accrued distributionsand accrued funding which have been accumulatedfrom 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 ofEURO STOXX 50® Index Futures as well as the accrued distributions and accrued fundingfrom the product launch until the expiration date.
47 46Eq
uity
Ind
exDer
ivat
ives
Eurex MOC Futures on EURO STOXX 50®
Index Futures
Eurex MOC Futures on EURO STOXX 50® IndexFutures reference the EURO STOXX 50® Index fordetermining the final price. Settlement of EurexMOC Futures on EURO STOXX 50® Index Futureswill occur into EURO STOXX 50® Index Futures.
Settlement Transaction-based, physical settlement of EUROSTOXX 50® Index Futures. Intraday delivery intothe corresponding maturities of EURO STOXX 50®
Index Futures.
Contract values and price gradations
Contract monthsUp to 9 months: The three nearest quarterlymonths of the March, June, September andDecember cycle.
Last trading day and final settlement dayLast trading day is the final settlement day. Each trading day is also the last trading day
Final settlement priceThe final settlement price is established by Eurexon the final settlement day of the contract and is determined as the official closing value of the EURO STOXX 50® Index plus the tradedbasis price of the Eurex MOC Futures.
Further details are available in the clearing con-ditions on www.eurexchange.com > Ressources >Rules & Regulations.
Trading hours08:50 –17:25 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are available for Eurex MOC Futures on EUROSTOXX 50® Index Futures:
• Block Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours09:00 –17:35 CET
Contract
Eurex MOC Futures on EURO STOXX 50®
Index Futures
Product ID
FES1
Underlying
EURO STOXX 50®
Index Futures
Contract
Eurex MOC Futures on EURO STOXX 50®
Index Futures
Contract valueper index point
EUR 10
Minimum price change
Points Value
0.1 EUR 1
49 48
iSTOXX® Factor Index Futures
Contract standards
Settlement Cash settlement, payable on the first exchange dayfollowing the final settlement day.
Contract values and price gradations
Contract monthsUp to 9 months: The three nearest quarterlymonths of the March, June, September andDecember cycle.
Contract
iSTOXX® Europe Low RiskFactor Futures
iSTOXX® EuropeMomentum Factor Futures
iSTOXX® Europe QualityFactor Futures
iSTOXX® Europe SizeFactor Futures
iSTOXX® Europe ValueFactor Futures
iSTOXX® Europe CarryFactor Futures
ProductID
FXFR
FXFM
FXFQ
FXFS
FXFV
FXFC
Underlying
iSTOXX® Europe LowRisk Factor Index
iSTOXX® EuropeMomentum Factor Index
iSTOXX® Europe QualityFactor Index
iSTOXX® Europe SizeFactor Index
iSTOXX® Europe ValueFactor Index
iSTOXX® Europe CarryFactor Index
Last trading day and final settlement dayLast trading day is the final settlement day.Final settlement day is the third Friday of eachmaturity month if this is an exchange day; otherwise the exchange day immediately precedingthat day. Close of trading in the maturing futures on the last trading day is at 12:00 CET.
Daily settlement priceThe daily settlement prices for the current maturitymonth are derived from the volume-weightedaverage of the prices of all transactions during the minute before 17:30 CET, provided that morethan five trades are transacted within this period.
For the remaining maturity months, the daily settlement price for a contract is determined basedon the average bid/ask spread of the combinationorder book.
Further details are available in the clearing con-ditions on www.eurexchange.com > Ressources >Rules & Regulations.
Final settlement priceThe final settlement price is established by Eurexon the final settlement day of the contract and is based on the average of the respective iSTOXX®
Index values calculated between 11:50 and 12:00 CET.
Handelszeiten07:50 –22:00 CET
Contract
iSTOXX® Factor Futures
Contractvalue
EUR 50
Minimum price change
Points Value
0.1 EUR 5
Equi
ty Ind
exDer
ivat
ives
51 50Eq
uity
Ind
exDer
ivat
ives
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor iSTOXX® Factor Futures:
• Block Trades• EFPI Trades• EFS Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours08:00 –22:00 CET
Options on
EURO STOXX 50® Index
EURO STOXX 50® ex Financials Index
EURO STOXX® Select Dividend 30 Index
EURO STOXX® Index
EURO STOXX® Large Index
EURO STOXX® Mid Index
EURO STOXX® Small Index
STOXX® Europe 50 Index
STOXX® Global Select Dividend 100 Index
STOXX® Europe 600 Index
STOXX® Europe Large 200 Index
STOXX® Europe Mid 200 Index
STOXX® Europe Small 200 Index
DAX®, the blue chip index of Deutsche Börse AG
DivDAX®, the dividend index of Deutsche Börse AG
MDAX®, the mid cap index of Deutsche Börse AG
TecDAX®, the technology index of Deutsche Börse AG
SMI®, the blue chip index of SIX Swiss Exchange
SMI® Mid, the mid cap index of SIX Swiss Exchange
SLI Swiss Leader Index®, the blue chip index with capped weightings of SIX Swiss Exchange
OMXH25, the Finnish equity index
ATX®, the Austrian blue chip index of Vienna Stock Exchange
ATX® five, consisting of the five shares with the highestweighting in the ATX®
ProductID
OESX
OEXF
OEDV
OXXE
OLCE
OMCE
OSCE
OSTX
OGDV
OXXP
OLCP
OMCP
OSCP
ODAX
ODIV
O2MX
OTDX
OSMI
OSMM
OSLI
OFOX
OATX
OATF
Underlyings
Equity IndexOptions
53 52Eq
uity
Ind
exDer
ivat
ives
Options on
CECE® EUR Index, the composite Eastern Europeanindex of Vienna Stock Exchange comprising the stocksincluded in the Hungarian Traded Index (HTX), CzechTraded Index (CTX) and Polish Traded Index (PTX)
RDX® EUR/USD Index, the Russian blue chip index of Wiener Börse AG
SENSEX, the Indian blue chip index of Bombay Stock Exchange (BSE)
ProductID
OCEE
ORDE/ORDX
OSEN
MSCI Indexes
Options on
MSCI AC Asia Pacific ex Japan Index
MSCI EAFE Index
MSCI EAFE Price Index
MSCI Emerging Markets Index
MSCI Emerging Markets Index
MSCI Emerging Markets Price Index
MSCI Emerging Markets Asia Index
MSCI Emerging Markets EMEA Index
MSCI Emerging Markets Latin America Index
MSCI Europe Index
MSCI Europe Price Index
MSCI Europe Value Index
MSCI Europe Growth Index
MSCI World Index
MSCI World Index
MSCI World Price Index
MSCI China Free Index
MSCI Japan Index
MSCI Russia Price Index
ProductID
OMAS
OMFA
OMFP
OMEN
OMEM
OMEF
OMEA
OMEE
OMEL
OMEU
OMEP
OMEV
OMEG
OMWN
OMWO
OMWP
OMCN
OMJP
OMRU
EURO STOXX® sector index products
Options on
Automobiles & Parts
Banks
Basic Resources
Chemicals
Construction & Materials
Financial Services
Food & Beverage
Health Care
Industrial Goods & Services
Insurance
Media
Oil & Gas
Personal & Household Goods
Real Estate
Retail
Technology
Telecommunications
Travel & Leisure
Utilities
Product ID
OESA
OESB
OESS
OESC
OESN
OESF
OESO
OESH
OESG
OESI
OESM
OESE
OESZ
OESL
OESR
OESY
OEST
OESV
OESU
Sector code
SXAE
SX7E
SXPE
SX4E
SXOE
SXFE
SX3E
SXDE
SXNE
SXIE
SXME
SXEE
SXQE
SX86E
SXRE
SX8E
SXKE
SXTE
SX6E
STOXX® Europe 600 sector index products
Options on
Automobiles & Parts
Banks
Basic Resources
Chemicals
Construction & Materials
Financial Services
Food & Beverage
Health Care
Industrial Goods & Services
Insurance
Media
Product ID
OSTA
OSTB
OSTS
OSTC
OSTN
OSTF
OSTO
OSTH
OSTG
OSTI
OSTM
Sector code
SXAP
SX7P
SXPP
SX4P
SXOP
SXFP
SX3P
SXDP
SXNP
SXIP
SXMP
55 54Eq
uity
Ind
exDer
ivat
ives
Contract
EURO STOXX 50®
Index Options
EURO STOXX 50®
ex Financials IndexOptions
EURO STOXX®
Select Dividend 30Index Options
EURO STOXX®
Index Options
EURO STOXX® Large Index Options
EURO STOXX®Mid Index Options
EURO STOXX® Small Index Options
STOXX® Europe 50 Index Options
STOXX® Global SelectDividend 100 IndexOptions
STOXX® Europe 600Index Options
STOXX® Europe Large200 Index Options
STOXX® Europe Mid200 Index Options
STOXX® Europe Small200 Index Options
Contractvalue*
EUR 10
EUR 10
EUR 10
EUR 50
EUR 50
EUR 50
EUR 50
EUR 10
EUR 10
EUR 50
EUR 50
EUR 50
EUR 50
Con-tractmonths
119
24
60
24
24
24
24
60
60
60
60
60
60
Minimum pricechange
Points
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
Value
EUR 1
EUR 1
EUR 1
EUR 5
EUR 5
EUR 5
EUR 5
EUR 1
EUR 1
EUR 5
EUR 5
EUR 5
EUR 5
Up to 119 months: The three nearest successivecalendar months, the three following quarterlymonths of the March, June, September andDecember cycle thereafter, the four followingsemi-annual months of the June and Decembercycle thereafter and the seven following annualmonths of the December cycle thereafter.
Contract values, price quotation and minimum price change
*Per index point of the underlying.
SettlementCash settlement, payable on the first exchangeday following the final settlement day.
Contract monthsUp to 12 months: The three nearest successivecalendar months, the three following quarterlymonths of the March, June, September andDecember cycle thereafter.
Up to 24 months: The three nearest successivecalendar months, the three following quarterlymonths of the March, June, September andDecember cycle thereafter, and the two followingsemi-annual months of the June and Decembercycle thereafter.
Up to 36 months: The three nearest successivecalendar months and the eleven following quarterlymonths of the March, June, September andDecember cycle thereafter.
Up to 60 months: The three nearest successivecalendar months, the three following quarterlymonths of the March, June, September andDecember cycle thereafter, the four followingsemi-annual months of the June and Decembercycle thereafter and the two following annualmonths of the December cycle thereafter.
STOXX® Europe 600 sector index products
Options on
Oil & Gas
Personal & Household Goods
Real Estate
Retail
Technology
Telecommunications
Travel & Leisure
Utilities
Product ID
OSTE
OSTZ
OSTL
OSTR
OSTY
OSTT
OSTV
OSTU
Sector code
SXEP
SXQP
SX86P
SXRP
SX8P
SXKP
SXTP
SX6P
57 56Eq
uity
Ind
exDer
ivat
ives
* Per index point of the underlying.** For OESA, OESB, OESI, OESE, OEST, OESU 60 months.*** For OSTA, OSTB, OSTS, OSTG, OSTI, OSTE, OSTT, OSTU 60 months. *Per index point of the underlying.
Contract
EURO STOXX® SectorIndex Options
EURO STOXX® BanksOptions
STOXX® Europe 600Sector Index Options
STOXX® Europe 600Banks Options
DAX® Options
DivDAX® Options
MDAX® Options
TecDAX® Options
SMI® Options
SMIM® Options
SLI® Options
OMXH25 Options
ATX® Options
ATX® five Options
CECE® EUR IndexOptions
RDX® EUR IndexOptions
RDX® USD IndexOptions
MSCI AC Asia Pacificex Japan IndexOptions
MSCI EAFE IndexOptions
MSCI EAFE PriceIndex Options
MSCI EmergingMarkets IndexOptions (OMEM)
Contractvalue*
EUR 50
EUR 50
EUR 50
EUR 50
EUR 5
EUR 200
EUR 5
EUR 10
CHF 10
CHF 10
CHF 10
EUR 10
EUR 10
EUR 10
EUR 10
EUR 10
USD 10
USD 100
USD 10
USD 50
USD 100
Con-tractmonths
24**
60
24***
60
60
24
24
24
60
24
60
12
24
24
60
60
119
24
60
60
60
Minimum pricechange
Points
0.1
0.05
0.1
0.05
0.1
0.01
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
Value
EUR 5
EUR 2.50
EUR 5
EUR 2.50
EUR 0.50
EUR 2
EUR0.50
EUR 1
CHF 1
CHF 1
CHF 1
EUR 1
EUR 1
EUR 1
EUR 1
EUR 1
USD1
USD 10
USD1
USD5
USD 10
Contract
MSCI EmergingMarkets IndexOptions (OMEN)
MSCI EmergingMarkets Price IndexOptions (OMEF)
MSCI EmergingMarkets Asia IndexOptions
MSCI EmergingMarkets EMEA Index Options
MSCI EmergingMarkets LatinAmerica IndexOptions
MSCI Europe IndexOptions
MSCI Europe PriceIndex Options
MSCI Europe GrowthIndex Options
MSCI Europe ValueIndex Options
MSCI World IndexOptions (OMWO)
MSCI World IndexOptions (OMWN)
MSCI World PriceIndex Options(OMWP)
MSCI China FreeIndex Options
MSCI Japan IndexOptions
MSCI Russia IndexOptions
SENSEX Options
Contractvalue*
EUR 100
USD 50
USD 100
USD 100
USD 100
EUR 100
EUR 100
EUR 100
EUR 100
USD 10
EUR 100
USD 10
USD 50
USD 10
USD 10
USD 1
Con-tractmonths
60
60
24
24
24
60
60
24
24
60
60
60
24
24
24
24
Minimum pricechange
Points
0.1
0.1
0.1
0.1
0.1
0.01
0.01
0.01
0.01
0.1
0.1
0.1
0.1
0.1
0.1
1
Value
EUR 10
USD 5
USD 10
USD 10
USD 10
EUR 1
EUR 1
EUR 1
EUR 1
USD 1
EUR 10
USD 1
USD 5
USD 1
USD 1
USD 1
58 59Eq
uity
Ind
exDer
ivat
ives
Last trading day and final settlement dayLast trading day is the third Friday of each expiration month if this is an exchange day;otherwise the exchange day immediately preceding that day (for SMI®, SMIM® and SLI®
Options the exchange day preceding the thirdFriday of each expiration month).
Final settlement day is the last trading day, for STOXX® Global Select Dividend 100 Index and MSCI Index Options the exchange day following the last trading day.
Last trading day and final settlement day for SENSEX Options is the last Thursday of each expiration month if this is an exchange day(both at Eurex and BSE); otherwise the exchangeday immediately preceding that day.
Close of trading in the expiring option series on the last trading day is at:
Contract
EURO STOXX 50® Index Options
EURO STOXX 50® ex Financials IndexOptions
EURO STOXX® Select Dividend 30 IndexOptions
EURO STOXX® Index Options
EURO STOXX® Large Index Options
EURO STOXX®Mid Index Options
EURO STOXX® Small Index Options
STOXX® Europe 50 Index Options
STOXX® Europe 600 Index Options
STOXX® Europe Large 200 Index Options
STOXX® Europe Mid 200 Index Options
STOXX® Europe Small 200 Index Options
EURO STOXX® Sector Index Options
STOXX® Europe 600 Sector Index Options
Close of trading
12:00 CET
Daily settlement priceThe daily settlement price is established by Eurex.The daily settlement prices for equity index options (as well as Weekly Options) are determinedthrough the Black/Scholes 76 model. If necessary,dividend expectations, current interest rates or other payments are taken into consideration.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
Contract
STOXX® Global Select Dividend 100 Index Options
DAX® Options
DivDAX® Options
MDAX® Options
TecDAX® Options
SMI® Options
SMIM® Options
SLI® Options
OMXH25 Options
ATX® Options
ATX® five Options
CECE® EUR Index Options
RDX® EUR/USD Index Options
MSCI Index Options
SENSEX Options
Close of trading
17:30 CET
Beginning of the Xetra® intraday auction starting at 13:00 CET (for MDAX® Options at 13:05 CET)
17:20 CET
17:30 CET
12:00 CET
16:30 CET
16:30 CET
17:30 CET
11:00 CET (12:00 CEST)
Final settlement priceThe final settlement price is established by Eurex on the final settlement day according to the following rules:
60 61Eq
uity
Ind
exDer
ivat
ives
Contract
EURO STOXX 50® IndexOptions
EURO STOXX 50® exFinancials Index Options
EURO STOXX® SelectDividend 30 Index Options
EURO STOXX® Index Options
EURO STOXX® Large IndexOptions
EURO STOXX®Mid IndexOptions
EURO STOXX® Small IndexOptions
STOXX® Europe 50 IndexOptions
STOXX® Europe 600 IndexOptions
STOXX® Europe Large 200Index Options
STOXX® Europe Mid 200Index Options
STOXX® Europe Small 200Index Options
EURO STOXX® Sector IndexOptions
STOXX® Europe 600 SectorIndex Options
STOXX® Global SelectDividend 100 Index Options
DAX® Options
DivDAX® Options
MDAX® Options
TecDAX® Options
Final settlement price
Average of the respectiveSTOXX® Index values calculated between 11:50 and 12:00 CET.
Value of the STOXX® GlobalSelect Dividend 100 Index, based on the closing prices of the respective electronic trading systems for the indexcomponent shares.
Value of the respective index,based on Xetra® auction prices ofthe respective index componentshares. The intraday auction starts at 13:00 CET (for MDAX®
component shares at 13:05 CET).
Contract
SMI® Options
SMIM® Options
SLI® Options
OMXH25 Options
ATX® Options
ATX® five Options
CECE® EUR Index Options
RDX® EUR/USD IndexOptions
MSCI Index Options
SENSEX Options
Final settlement price
Value of the respective index,based on SIX Swiss Exchange opening prices of the respectiveindex component shares.
Value of the OMXH25, based onNASDAQ OMX Helsinki volume-weighted average prices of the index component shares from 08:40 until 17:30 CET.
Value of the respective index,based on the auction prices of the respective index com-ponent shares calculated by the electronic trading system of Vienna Stock Exchange.
Value of the CECE® EUR Index,based on the closing prices of the respective electronic trading systems for the indexcomponent shares.
Value of the RDX® EUR/USDIndex, based on the closing prices of the London StockExchange (IOB) for the indexcomponent shares.
Value of the respective MSCIIndex, based on the closing pricesof the respective cash markets of the index component shares.
Value of the SENSEX, based onthe volume-weighted averageprices of the index componentshares during the last 30 trading
ExerciseEuropean-style; an option can only be exercisedon the final settlement day of the respectiveoption series until the end of the Post-Trading Full Period (20:30 CET).
63 62Eq
uity
Ind
exDer
ivat
ives
Exercise prices
Contract
EURO STOXX 50®
Index Options
EURO STOXX 50®
ex Financials IndexOptions
EURO STOXX®
Select Dividend 30Index Options
EURO STOXX®
Index Options
EURO STOXX® Large Index Options
EURO STOXX® Mid Index Options
EURO STOXX® Small Index Options
STOXX® Europe 50 Index Options
STOXX® Global SelectDividend 100 IndexOptions
STOXX®Europe 600Index Options
STOXX® Europe Large200 Index Options
STOXX® Europe Mid200 Index Options
STOXX® Europe Small200 Index Options
EURO STOXX®
Sector Index Options
EURO STOXX®
Banks Options
STOXX® Europe 600Sector Index Options
Exercise price intervals in indexpoints for expiration months with a remaining lifetime of
< 3mon.
25*
25**
50
5
5
5
5
25
50
2.5
5
5
5
5
2.5
5
4–12mon.
50
50
50
10
10
10
10
50
50
5
10
10
10
10
5
10
13–24mon.
50
50
100
20
20
20
20
100
100
10
20
20
20
20
10
20
25–36mon.
50
-
-
-
-
-
-
100
100
20
20
20
20
50
20
50
* For EURO STOXX 50® Index Options (including the term group 5 weeks) only <_ 6 months.
** For EURO STOXX 50® ex Financials Index Options only <_ 6 months.
> 36mon.
100
-
-
-
-
-
-
100
100
20
20
20
20
50
20
50
Contract
STOXX® Europe 600Banks Options
DAX® Options
DivDAX® Options
MDAX® Options
TecDAX® Options
SMI® Options
SMIM® Options
SLI® Options
OMXH25 Options
ATX® Options
ATX® five Options
CECE® EUR IndexOptions
RDX® EUR IndexOptions
RDX® USD IndexOptions
MSCI AC Asia Pacificex Japan IndexOptions
MSCI EAFE IndexOptions
MSCI EAFE PriceIndex Options
MSCI EmergingMarkets IndexOptions (OMEM,OMEN)
MSCI EmergingMarkets Price IndexOptions (OMEF)
MSCI EmergingMarkets Asia IndexOptions
Exercise price intervals in indexpoints for expiration months with a remaining lifetime of
< 3mon.
2.5
50
5
100
10
50
5
5
25
25*
25*
25*
25
25
5
50
25*
5
5*
5
4–12mon.
5
50
5
200
20
50
10
10
25
50
50
50
50
50
10
50
50
10
10
10
13–24mon.
10
100
10
400
40
100
20
20
-
100
100
100
100
100
20
100
100
20
20
20
25–36mon.
20
200
-
-
-
200
-
50
-
-
-
100
100
100
-
-
-
50
50
-
> 36mon.
20
200
-
-
-
200
-
50
-
-
-
100
100
100
-
-
-
50
50
-
* <_ 6 months
65 64Eq
uity
Ind
exDer
ivat
ives
* <_ 6 months
Number of exercise pricesUpon the admission of the options, at least sevenexercise prices shall be made available for eachdue date with a term of up to 24 months for eachcall and put, such that three exercise prices are in-the-money, one is at-the-money and threeare out-of-the-money.
Upon the admission of the options, at least fiveexercise prices shall be made available for eachdue date with a term of more than 24 months for each call and put, such that two exercise prices are in-the-money, one is at-the-moneyand two are out-of-the-money.
Option premiumThe equivalent of the premium in points, payablein full in the currency of the respective contracton the exchange day following the day of the trade.
Trading hoursContract
Standard
EURO STOXX® Index Options
EURO STOXX® Large/Mid/SmallIndex Options
STOXX® Europe 600 Index Options
STOXX® Europe Large/Mid/Small200 Index Options
STOXX® Europe 600 Sector IndexOptions
SMI® Options
SMIM® Options
SLI® Options
CECE® EUR Index Options
RDX® EUR/USD Index Options
SENSEX Options
Trading hours
08:50–17:30 CET
09:00–17:30 CET
08:50–17:20 CET
08:50–17:10 CET
08:50–16:30 CET
08:00–17:30 CET
Contract
MSCI EmergingMarkets EMEA IndexOptions
MSCI EmergingMarkets Latin AmericaIndex Options
MSCI Europe IndexOptions (OMEU,OMEP)
MSCI Europe Growth & ValueIndex Options(OMEG, OMEV)
MSCI World IndexOptions (OMWO)
MSCI World IndexOptions (OMWN)
MSCI World PriceIndex Options(OMWP)
MSCI China FreeIndex Options
MSCI Japan IndexOptions
MSCI Russia IndexOptions
SENSEX Options
Exercise price intervals in indexpoints for expiration months with a remaining lifetime of
< 3mon.
5
5
5
5
50
5
25*
5
50
5
200
4–12mon.
10
10
5
5
50
5
50
10
50
10
200
13–24mon.
20
20
10
10
100
10
100
20
100
20
400
25–36mon.
-
-
10
-
100
10
100
-
-
-
-
> 36mon.
-
-
10
-
100
10
100
-
-
-
-
67 66Eq
uity
Ind
exDer
ivat
ives
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Equity Index Options:
• Block Trades• Flexible Options• Vola Trades• T7 Entry Service via e-mail (MSCI Russia Index Options)
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours09:00–19:00 CET(RDX® USD Index Options 09:15–19:00 CET,SENSEX Options 08:00–19:00 CET)
This section only lists the differences with respectto the regular contract specifications for equityindex options.
Contract standards
Weekly Options
Contract
EURO STOXX 50®, 1st Friday Weekly Options
EURO STOXX 50®, 2nd Friday Weekly Options
EURO STOXX 50®, 4th Friday Weekly Options
EURO STOXX 50®, 5th Friday Weekly Options
EURO STOXX® Banks, 1st Friday Weekly Options
EURO STOXX® Banks, 2nd Friday Weekly Options
EURO STOXX® Banks, 4th Friday Weekly Options
EURO STOXX® Banks, 5th Friday Weekly Options
DAX®, 1st Friday Weekly Options
DAX®, 2nd Friday Weekly Options
DAX®, 4th Friday Weekly Options
DAX®, 5th Friday Weekly Options
ProductID
OES1
OES2
OES4
OES5
OEB1
OEB2
OEB4
OEB5
ODX1
ODX2
ODX4
ODX5
Underlying
EURO STOXX 50®
Index
EURO STOXX®
Banks Index
DAX®, the blue chip index of Deutsche Börse AG
69 68Eq
uity
Ind
exDer
ivat
ives
Contract months1st, 2nd and 4th Friday Weekly Options: Onemonth for all contracts expiring on the 1st, 2ndand 4th Friday of a calendar month. At the start of trading on each Friday, the Weekly Options for the same week of the following month will be listed.
5th Friday Weekly Options: More than onemonth for contracts expiring on the 5th Friday of a calen dar month. For months without a 5th Friday, the option expiration will fall on the next 5th Friday.
Contract
SMI®, 1st Friday Weekly Options
SMI® , 2nd Friday Weekly Options
SMI® , 4th Friday Weekly Options
SMI® , 5th Friday Weekly Options
ProductID
OSM1
OSM2
OSM4
OSM5
Underlying
SMI®, the blue chip index of SIX Swiss Exchange
Contract
EURO STOXX 50®, 1st Friday Weekly Options
EURO STOXX 50®, 2nd Friday Weekly Options
EURO STOXX 50®, 4th Friday Weekly Options
EURO STOXX 50®, 5th Friday Weekly Options
EURO STOXX® Banks, 1st Friday Weekly Options
EURO STOXX® Banks, 2nd Friday Weekly Options
EURO STOXX® Banks, 4th Friday Weekly Options
EURO STOXX® Banks, 5th Friday Weekly Options
Contractvalue
EUR 10
EUR 50
Minimum pricechange
Points
0.1
0.05
Value
EUR 1
EUR 2.50
Exercise pricesThe exercise price interval for Weekly Options onthe EURO STOXX 50® Index is 25 index points.
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Weekly Options:
• Block Trades• Vola Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Contract
DAX®, 1st Friday Weekly Options
DAX®, 2nd Friday Weekly Options
DAX®, 4th Friday Weekly Options
DAX®, 5th Friday Weekly Options
SMI®, 1st Friday Weekly Options
SMI® , 2nd Friday Weekly Options
SMI® , 4th Friday Weekly Options
SMI® , 5th Friday Weekly Options
Contractvalue
EUR 5
CHF 10
Minimum pricechange
Points
0.1
0.1
Value
EUR 0.50
CHF 1
71 70Eq
uity
Ind
exDer
ivat
ives
In cooperation with Korea Exchange, Inc. (KRX), daily futures on KOSPI 200 Derivatives are available for trading and clearing for Eurex members.
The Eurex/KRX-Link is giving Eurex membersdirect access to KOSPI 200 Derivatives afterKorean trading hours.
Eurex Daily Futures on KOSPI 200 Options
Contract sizeOne KOSPI 200 Options contract of the relevantoption series. The currency of Eurex Daily Futures on KOSPI 200 Options is the SouthKorean Won (KRW).
Settlement Cash settlement and opening of the respectiveposition in the corresponding series of the KOSPI200 Options on the next exchange day of KRXfollowing the conclusion of a Eurex Daily Futureson KOSPI 200 Options contract, at the latest,
Eurex/KRX-Link
Contract
Eurex Daily Futureson KOSPI 200Options of the KoreaExchange (KRX)
Product ID
OKS2
Underlying
The relevant KOSPI 200Options series listed at KRX
however, 40 minutes before opening of exchangetrading on KRX via entry into the KRX system in favour of the respective counterparties of the option contracts.
Price quotation and minimum price changeThe price quotation is in points with two decimalplaces. The minimum price change is 0.05 points, if the option premium of the underlying is at least10 points (equivalent to a value of KRW 25,000),and 0.01 points, if the option premium of the underlying is less than 10 points (equivalent to a value of KRW 5,000).
Contract termOne exchange day. Eurex Daily Futures on KOSPI 200 Options can be traded on each day,provided that this day is an exchange day at both Eurex and KRX. Every contract expires at the end of the exchange day on which it has been concluded on the Eurex Exchanges.
Last trading day and final settlement dayLast trading day is the final settlement day. Each trading day of Eurex Daily Futures on KOSPI200 Options is also the last trading day. Close oftrading is at 21:00 CET.
Daily settlement priceThe daily settlement price of Eurex Daily Futureson KOSPI 200 Options is also the final settlementprice and is equivalent to the daily settlement price calculated by KRX for the KOSPI 200Options contracts admitted for trading on KRXon the respective exchange day as of the close of trading on KRX. The cash flow resulting from the variation margin will be paid or received in KRW at the Shinhan Bank in South Korea.
73 72Eq
uity
Ind
exDer
ivat
ives
Trading hours10:00–21:00 CET (11:00–21:00 Uhr CEST)
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are available for Eurex Daily Futures on KOSPI 200 Options:
• Multilateral Trade Registration• Block Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours10:00–21:00 CET (11:00–21:00 CET during daylight saving time in Europe)
Eurex Daily Futures on Mini-KOSPI 200 Futures
Contract sizeOne Mini-KOSPI 200 Futures contract of the relevant series. The currency of Eurex DailyFutures on Mini-KOSPI 200 Futures is the SouthKorean Won (KRW).
Contract
Eurex Daily Futureson Mini-KOSPI 200Futures of the KoreaExchange (KRX)
Product ID
FMK2
Underlying
The relevant Mini-KOSPI 200 Futureslisted at KRX
Settlement Cash settlement and opening of the respectiveposition in the corresponding series of the Mini-KOSPI 200 Futures on the next exchange day of KRX following the conclusion of a Eurex DailyFutures on Mini-KOSPI 200 Futures contract, at the latest, however, 40 minutes before openingof exchange trading on KRX via entry into the KRX system in favour of the respective counter-parties of the futures contracts.
Price quotation and minimum price changeThe price quotation is in points with two decimalplaces. The minimum price change is 0.02 points,equivalent to a value of KRW 1,000.
Contract termOne exchange day. Eurex Daily Futures on Mini-KOSPI 200 Futures can be traded on each day,provided that this day is an exchange day at both Eurex and KRX. Every contract expires at the end of the exchange day on which it has been concluded on the Eurex Exchanges.
Last trading day and final settlement dayLast trading day is the final settlement day. Each trading day of Eurex Daily Futures on Mini-KOSPI 200 Futures is also the last trading day.Close of trading is at 21:00 CET.
Daily settlement priceThe daily settlement price of Eurex Daily Futureson Mini-KOSPI 200 Futures is also the final settlement price and is equivalent to the dailysettlement price calculated by KRX for the Mini-KOSPI 200 Futures admitted for trading on KRXon the respective exchange day as of the close
74
of trading on KRX. The cash flow resulting fromthe variation margin will be paid or received in KRW at the Shinhan Bank in South Korea.
Trading hours10:00–21:00 Uhr CET (11:00–21:00 Uhr CEST)
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are available for Eurex Daily Futures on Mini-KOSPI200 Futures:
• Multilateral Trade Registration• Block Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours10:00–21:00 CET (11:00–21:00 CET during daylight saving time in Europe)
Eurex Daily Futures on Mini-KOSPI 200 Futuresare available for trading in the U.S.
FX Derivatives
77FX
Der
ivat
ives
Underlyings
Contract sizes
The currency stated first in each currency pair is the base currency of such pair; the currency stated second is the quote currency. An FX Futuresis traded in its respective quote currency.
FX Futures
Product ID
FCAU
FCAY
FCEU
FCEF
FCEP
FCEA
FCEY
FCPU
FCPF
FCUF
FCUY
FCNU
Contract
AUD/USD Futures
AUD/JPY Futures
EUR/USD Futures
EUR/CHF Futures
EUR/GBP Futures
EUR/AUD Futures
EUR/JPY Futures
GBP/USD Futures
GBP/CHF Futures
USD/CHF Futures
USD/JPY Futures
NZD/USD Futures
Nominal value
AUD 100,000
EUR 100,000
GBP 100,000
USD 100,000
NZD 100,000
Underlying
AUD/USD, AUD/JPY Futures
EUR/USD, EUR/CHF, EUR/GBP,EUR/AUD, EUR/JPY Futures
GBP/USD, GBP/CHF Futures
USD/CHF, USD/JPY Futures
NZD/USD Futures
76
Settlement Physical delivery of underlying currencies (T+2)via the CLS system.
Price quotation and minimum price change The price quotation is determined as a decimalnumber with five decimal places. The minimumprice change is 0.00001, equivalent to a value of one unit of the quote currency.
For FX Futures with Japanese Yen as quotationcurrency the price quotation is determined as a decimal number with three decimal places.The minimum price change is 0.001, equivalent to a value of 100 units of the quote currency.
Contract monthsUp to 36 months: The three nearest successivecalendar months, the three following quarterlymonths of the March, June, September andDecember cycle thereafter, and the four followingsemi-annual months of the June and Decembercycle thereafter.
Last trading day and final settlement dayLast trading day and final settlement day is thethird Wednesday of each maturity month if this is an exchange day; otherwise the exchange dayimmediately preceding that day. Close of tradingin the maturing futures on the last trading day is at 15:00 CET.
Daily settlement price The daily settlement price is the volume weightedaverage price (VWAP) of the futures transactionscalculated over a 60 second interval ending at 17:30 CET. If less than five transactions occur,
79FX
Der
ivat
ives
78
the VWAP of the last five transactions conductedin the last 15 minutes before 17:30 CET or the mid-point of bid/ask prices in the order book before17:30 CET is used.
Further details are available in the clearing con-ditions on www.eurexchange.com > Resources >Rules & Regulations.
Final settlement priceThe final settlement price is the VWAP of all trans-actions executed during the final trading minuteending at 15:00 CET. If no adequate prices areavailable, Eurex Exchange will use the averagemid-price of the last displayed bid ask spot pricesover a 60 second interval ending at 15:00 CETthat are published by the data provider designatedby Eurex Clearing.
Trading hours00:00–23:00 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor FX Futures:
• Multilateral Trade Registration• Block Trades• Vola Trades• EFP Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours00:00–23:00 CET
On a maturity day of a series the entry of trades in the maturing front month contract using the Block Trade Service is possible until 15:00 CET.
Selected FX Futures are available for trading in the U.S.
Underlyings
Contract sizes
The currency stated first in each currency pairis the base currency of such pair; the currency stated second is the quote currency. An FX Optionis traded in its respective quote currency.
81 80FX
Der
ivat
ives
Product ID
OCAU
OCAY
OCEU
OCEF
OCEP
OCEA
OCEY
OCPU
OCPF
OCUF
OCUY
OCNU
Contract
AUD/USD Options
AUD/JPY Options
EUR/USD Options
EUR/CHF Options
EUR/GBP Options
EUR/AUD Options
EUR/JPY Options
GBP/USD Options
GBP/CHF Options
USD/CHF Options
USD/JPY Options
NZD/USD Options
Nominal value
AUD 100,000
EUR 100,000
GBP 100,000
USD 100,000
NZD 100,000
Underlying
AUD/USD, AUD/JPY Options
EUR/USD, EUR/CHF, EUR/GBP,EUR/AUD, EUR/JPY Options
GBP/USD, GBP/CHF Options
USD/CHF, USD/JPY Options
NZD/USD Options
FX Options Settlement Physical delivery of underlying currencies (T+2)via the CLS system.
Price quotation and minimum price changeThe price quotation is determined as a decimalnumber with five decimal places. The minimumprice change is 0.00005, equivalent to a value of five units of the quote currency.
For FX Options with Japanese Yen as quotationcurrency the price quotation is determined as a decimal number with three decimal places.The minimum price change is 0.005, equivalent to a value of 500 units of the quote currency.
Contract monthsUp to 36 months: The three nearest successivecalendar months, the three following quarterlymonths of the March, June, September andDecember cycle thereafter, and the four followingsemi-annual months of the June and Decembercycle thereafter.
Last trading day and final settlement dayLast trading day and final settlement day is thethird Wednesday of each expiration month if this is an exchange day; otherwise the exchange dayimmediately preceding that day. Close of trading in the expiring FX Option series on the last tradingday is at 15:00 CET.
Daily settlement priceThe underlying reference price for FX Options contracts is the daily settlement price of the corre-sponding FX Futures series.
83 82FX
Der
ivat
ives
Further details are available in the clearing con-ditions on www.eurexchange.com > Resources >Rules & Regulations.
Final settlement priceThe final settlement price of the correspondingexpiring FX Futures contract shall be relevant forthe FX Option contract.
ExerciseEuropean-style; an option can only be exercisedon the final settlement day of the respective option series until the end of the Post-TradingFull-Period (16:00 CET).
Exercise pricesOption series of FX Options contracts with a termof up to 24 months have exercise prices with pricegradations of 0.005 units of the quote currency or 0.010 units of the quote currency for terms ofmore than 24 months.
Options series of FX Options with Japanese Yenas quote currency and a term of up to 24 monthshave exercise prices with price gradations of 0.5 units of the quote currency or 1 unit of thequote currency for terms of more than 24 months.
Number of exercise pricesUpon the admission of options, at least 15 exerciseprices shall be made available for each due datefor each call and put, such that seven are in-the-money, one is at-the-money and seven are out-of-the-money.
Trading hours08:00–19:30 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor FX Options:
• Multilateral Trade Registration• Block Trades• Vola Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours08:00–20:00 CET
On a maturity day of a series the entry of trades in the maturing front month contract using the Block Trade Service is possible until 15:00 CET.
Dividend Derivatives
Divid
end
Der
ivat
ives
85
Contract standardsDividends of selected Eurozone, British, Swissand U.S. blue chip shares.
Information about currently available Single StockDividend Futures can be found onwww.eurexchange.com > Products.
Contract valueDividend payments in relation to a contract sizeof 1,000 shares.
Settlement Cash settlement, payable on the first exchangeday following the final settlement day.
Price quotation and minimum price changeThe price quotation is in GBp with two decimalplaces and in EUR/CHF/USD with three decimalplaces respectively. The minimum price change is GBp 0.01 and EUR/CHF/USD 0.001, equivalentto a value of GBp 10 and EUR/CHF/USD 1 percontract respectively.
Contract yearsThe five nearest successive annual contracts ofthe December cycle (from the first exchange dayafter the last trading day of the calendar year up to the final settlement day of the followingcalendar year) are available for trading at any time.
Single StockDividend Futures
87Divid
end
Der
ivat
ives
86
Last trading day and final settlement dayLast trading day is the final settlement day. Final settlement day is the third Friday of eachDecember maturity month if this is an exchangeday; otherwise the exchange day immediatelypreceding that day. Close of trading in the maturing futures on the last trading day is at12:00 CET.
Daily settlement priceThe daily settlement price for the current maturitymonth is derived from the volume-weighted average of the prices of all transactions duringthe minute before 17:30 CET (reference point),provided that more than five trades have beentransacted within this period.
For the remaining maturity months, the dailysettlement price for a contract is determinedbased on the average bid/ask spread of the combination order book.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
Final settlement priceThe final settlement price is established by Eurex on the final settlement day at 12:00 CET,corresponding to the dividend for the respective company’s business year. The final settlementprice is determined to four decimal places.
Corporate actionsCorporate actions are treated in the same mannerlike Eurex Single Stock Futures in the adjustmentof contract sizes and issuing of new contractseries where necessary.
Trading hours08:30–17:30 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Single Stock Dividend Futures:
• Block Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours08:30–19:00 CET
Contract values, price quotation and minimum price change
Contract monthsStandard: The five nearest successive annual contracts of the December cycle (from the firstexchange day after the last trading day of the calendar year up to the final settlement day of the following calendar year) are available for trading at any time.
FEXD: The ten nearest successive annual contractsof the December cycle (from the first exchangeday after the last trading day of the calendar yearup to the final settlement day of the followingcalendar year) are available for trading at any time.
89Divid
end
Der
ivat
ives
88
Contract standards
Settlement Cash settlement, payable on the first exchangeday following the final settlement day.
Equity IndexDividend Futures
Contract
EURO STOXX 50® IndexDividend Futures
EURO STOXX® SelectDividend 30 IndexDividend Futures
EURO STOXX® SectorIndex Dividend Futures
STOXX® Europe 600Sector Index DividendFutures
DAX® Price Index Dividend Futures
DivDAX® Dividend Futures
SMI® Dividend Futures
ProductID
FEXD
FD3D
FEBD, FEID,FEED, FETD,FEUD
FSBD, FSID,FSED, FSTD,FSUD
FDXD
FDVD
FSMD
Underlying
EURO STOXX 50® DVP
EURO STOXX® SelectDividend 30 DVP
EURO STOXX® SectorIndex DVP
STOXX® Europe 600Sector Index DVP
DAX® Dividend PointsIndex
DivDAX® Dividend Points Index
SMI® Dividend PointsIndex
Contract
EURO STOXX 50® IndexDividend Futures
EURO STOXX® SelectDividend 30 Index Dividend Futures
EURO STOXX® Sector Index Dividend Futures
STOXX® Europe 600 SectorIndex Dividend Futures
DAX® Price Index Dividend Futures
DivDAX® Dividend Futures
SMI® Dividend Futures
Contractvalue*
EUR 100
EUR 100
EUR 500
EUR 500
EUR 100
EUR 1,000
CHF 100
Minimum PriceChange
Points
0.1
0.1
0.01
0.01
0.1
0.01
0.1
Value
EUR 10
EUR 10
EUR 5
EUR 5
EUR 10
EUR 10
CHF 10
* Per index point of the underlying
Trading hours
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Equity Index Dividend Futures:
• Block Trades• Vola Trades (FEXD)
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours
EURO STOXX 50® Index Dividend Futures are available for trading in the U.S.
91 90Divid
end
Der
ivat
ives
Last trading day and final settlement dayLast trading day is the final settlement day. Final settlement day is the third Friday of eachDecember maturity month if this is an exchangeday; otherwise the exchange day immediately pre-ceding that day. Close of trading in the ma turingfutures on the last trading day is at 12:00 CET, for SMI® Dividend Futures at 09:00 CET.
Daily settlement priceThe daily settlement price is derived from thevolume-weighted average of the prices of alltransactions during the minute before 17:30 CET(reference point), provided that more than fivetrades have been transacted within this period.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
Final settlement priceThe final settlement price is established by Eurexon the final settlement day at 12:00 CET basedon the final value of the underlying index for the relevant contract period. Determining is thecumulative total of the relevant gross dividendsof the individual constituents of the underlyingindex. STOXX Ltd., Deutsche Börse AG as well as SIX Swiss Exchange shall thereby define,according to their regulations, which dividendsare to be included in the calculation of the index.Furthermore, the index provider shall define the amount of the dividend to be considered, the point of consideration of the dividend payment and the conversion of the dividends in index points.
Contract
EURO STOXX 50® Index DividendFutures
EURO STOXX®/STOXX® Europe 600Sector Index Dividend Futures
EURO STOXX® Select Dividend 30 Index Dividend Futures
DAX® Price Index Dividend Futures
DivDAX® Dividend Futures
SMI® Dividend Futures
Trading hours
08:30–22:00 CET
08:30–17:30 CET
08:30–18:30 CET
08:30–17:27 CET
Contract
EURO STOXX 50® Index DividendFutures
EURO STOXX® Select Dividend 30 Index Dividend Futures
EURO STOXX®/STOXX® Europe 600Sector Index Dividend Futures
DAX® Price Index Dividend Futures
DivDAX® Dividend Futures
SMI® Dividend Futures
Time
08:30–22:00 CET
08:30–19:00 CET
93 92Divid
end
Der
ivat
ives
Contract standard
Contract valueEUR 100 per index dividend point of the under lying.
Settlement Cash settlement, payable on the first exchangeday following the final settlement day. Settlementis carried out with regard to the underlying index.The options expire directly into a cash position.
Price quotation and minimum price changeThe price quotation is in points, with two decimalplaces. The minimum price change is 0.01 points,equivalent to a value of EUR 1 per contract.
Contract monthsUp to 119 months: The ten nearest successiveannual contracts of the December cycle (from the first exchange day after the last trading day of the calendar year up to the final settlement day of the following calendar year) are availablefor trading at any time.
Options on
EURO STOXX 50® DVP
Product ID
OEXD
Currency
EUR
EURO STOXX 50®
Index DividendOptions
Last trading day and final settlement dayLast trading day is the final settlement day. Final settlement day is the third Friday of eachDecember expiration month if this is an exchangeday; otherwise the exchange day immediatelypreceding that day. Close of trading in the expiringoption series on the last trading day is at 12:00 CET.
Daily settlement priceThe daily settlement price is established by Eurex.The daily settlement prices for EURO STOXX 50®
Index Dividend Options are determined throughthe Black/Scholes 76 model.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
Final settlement priceThe final settlement price is established by Eurexon the final settlement day at 12:00 CET basedon the final value of the underlying index for the relevant contract period. Determining is thecumulative total of the relevant gross dividendsof the individual constituents of the underlyingindex. STOXX Ltd., Deutsche Börse AG as well as SIX Swiss Exchange shall thereby define,according to their regulations, which dividendsare to be included in the calculation of the index.Furthermore, the index provider shall define the amount of the dividend to be considered, the point of consideration of the dividend payment and the conversion of the dividends in index points.
94
ExerciseEuropean-style; an option can only be exercisedon the final settlement day of the respective option series until the end of the Post-Trading Full Period (20:30 CET).
Exercise pricesEURO STOXX 50® Index Dividend Options haveexecution prices with intervals in the amount of not less than one point. Option series with a term of up to 59 months may have exercise prices of five points or of ten points for optionseries with a term of more than 59 months.
Option premiumThe premium is payable in full in EUR on theexchange day following the day of the trade.
Trading hours08:30–17:30 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Options on Equity Index Dividend Futures:
• Block Trades• Vola Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours08:30–19:00 CET
Volatility Derivatives
97Vol
atili
tyDer
ivat
ives
Contract valueEUR 100 per index point of the underlying.
SettlementCash settlement, payable on the first exchangeday following the final settlement day.
Price quotation and minimum price changeThe price quotation is in index points with twodecimal places. The minimum price change is 0.05 index points, equivalent to a value of EUR 5.
Contract monthsUp to 8 months: The eight nearest successivecalendar months.
Last trading day and final settlement dayLast trading day is the final settlement day. Final settlement day is 30 calendar days prior tothe expiration day of the underlying options (i.e.30 days prior to the third Friday of the expirationmonth of the underlying options, if this is an ex -change day). This is usually the Wednesday priorto the second last Friday of the respective maturitymonth, 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 12:00 CET.
Volatility Futures
Contract
VSTOXX® Futures
Underlying
VSTOXX®
Product ID
FVS
Currency
EUR
96
Daily settlement priceThe daily settlement prices for the current maturitymonth are derived from the volume-weightedaverage of the prices of all transactions during the minute before 17:30 CET (reference point),provided that more than five trades are transactedwithin this period.
For the remaining maturity months, the daily settlement price for a contract is determined basedon the average bid/ask spread of the combinationorder book.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
Final settlement priceThe final settlement price is established by Eurexon the final settlement day, based on the averageof the index values of the underlying on the lasttrading day between 11:30 and 12:00 CET.
Trading hours08:50–22:00 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor volatility futures:
• Block Trades• Vola Trades• EFPI Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
99Vol
atili
tyDer
ivat
ives
98
Service hours09:00–22:00 CET
VSTOXX® Futures are available for trading in the U.S.
Contract valueEUR 100 per volatility index point.
SettlementPhysical delivery of the underlying. The underlyingis maturing on the same exchange day and will be settled in cash.
Price quotation and minimum price changeThe price quotation is in index points with twodecimal places. The minimum price change is 0.05 index points, equivalent to a value of EUR 5.
Contract monthsUp to 8 months: The eight nearest successivecalendar months.
Last trading day and final settlement dayLast trading day is the final settlement day. Final settlement day is 30 calendar days beforethe expiration day of the underlying options (i.e. 30 days before the third Fridaynof the expi-ration month of the underlying options, if this is an exchange day). This is usually the Wednesdaybefore the second last Friday of the respectiveexpiration month, if this is an exchange day; other-wise the exchange day immediately precedingthat day. Close of trading in the maturing futureson the last trading day is at 12:00 CET.
Options onVSTOXX® Futures
Contract
Options on VSTOXX®
Futures
Underlying
VSTOXX®
Futures
Product ID
OVS2
Currency
EUR
101 100Vol
atili
tyDer
ivat
ives
Daily settlement priceThe daily settlement price is established by Eurex.The daily settlement prices for Options on VSTOXX®
Futures are determined through the Black/Scholes76 model.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
Final settlement priceThe final settlement price is established by Eurexon the final settlement day, based on the averageof the VSTOXX® index values on the last tradingday between 11:30 and 12:00 CET.
ExerciseAmerican-style; an option can be exercised up to the end of the Post-Trading Full Period(20:30 CET) on any exchange day duringthe lifetime of the option.
Exercise pricesAll option series have exercise prices with price gradations in the amount of not less than one point.
Number of exercise pricesUpon the admission of a contract, at least fifteenexercise prices shall be made available for eachterm for each call and put, such that seven exerciseprices are in-the-money, one is at-the-money andseven are out-of-the-money.
Futures-style premiumThe premium payment is not made through a one-time payment after the purchase of the option;instead it is part of the daily settlement processduring the duration of the option position based
on a mark-to-market valuation of the position on each exchange day. The valuation is made onthe day on which the transaction is entered intoon the basis of the difference between the optionprice and the daily settlement price, and thereafteron the basis of the difference between the dailysettlement prices of the current exchange day andthe preceding exchange day. The daily settlementmay also result in an interim debit of the writer.Upon exercise and assignment of the option, as well as upon its expiration, a final premiumpayment shall be made in an amount equivalentto the daily settlement price of the options contracton the exercise day or the expiration day, as thecase may be.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
Trading hours08:50–17:30 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Options on VSTOXX® Futures:
• Block Trades• Vola Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours08:00–22:00 CET
Options on VSTOXX® Futures are available for trading in the U.S.
103 102Vol
atili
tyDer
ivat
ives
Contract valueEUR 1 per Variance Futures point.
Settlement Cash settlement, payable on the first exchangeday following the final settlement day.
Price calculation and minimum price changeThe futures price is calculated in Variance Futurespoints with four decimal places. The minimum pricechange is 0.0001 points, equivalent to a value ofEUR 0.0001.
Trading and order maintenance Variance Futures are traded on-exchange in termsof notional Vega at volatility. Transactions via the Block Trade Service are entered in VarianceFutures contracts at final Variance Futures prices.
The minimum order size is 1 notional Vega, the minimum price change is 0.05 percentagepoints in volatility.
Variance Futures
Contract
EURO STOXX 50®
Variance Futures
Underlying
The future average price fluctuation (variance) of the EUROSTOXX 50® Index.
ProductID
EVAR
Cur-rency
EUR
Upon matching notional Vega is converted intoVariance Futures contracts and rounded to thenearest integer, at least to one futures. The volatilityis converted into Variance Futures prices as well.
The formulas for the conversions from notionalVega to Variance Futures contracts and from vola-tility to Variance Futures prices can be found in thecontract specifications on www.eurexchange.com >Resources > Rules & Regulations.
Contract monthsUp to 24 months: The three nearest successivecalendar months, the three following quarterlymonths of the March, June, September andDecember cycle, and the two following semi-annual months of the June and December cycle thereafter.
Last trading day and final settlement dayLast trading day is the exchange day 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 dayimmediately preceding that day. Close of tradingin the maturing futures on the last trading day is at 17:30 CET. There is no trading on the finalsettlement day of each maturity month.
Daily settlement priceThe daily settlement price is determined throughthe conversion of volatility into the VarianceFutures price according to different formulas.
Further details are available in the clearing con-ditions on www.eurexchange.com > Resources >Rules & Regulations.
104
Final settlement priceThe final settlement price is established by Eurexon the final settlement day. The final realized variance is based on the average of the EUROSTOXX 50® Index calculations between 11:50 CETand 12:00 CET.
Trading hours09:00–17:30 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor EURO STOXX 50® Variance Futures:
• Block Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours09:00–21:00 CET
EURO STOXX 50® Variance Futures are availablefor trading in the U.S.
Exchange TradedProducts Derivatives
Contract standards
Contract size100 index fund shares of the underlying.
SettlementPhysical delivery of 100 index fund shares twoexchange days (for iShares SMI® (CH) Futuresthree exchange days) after the last trading day.
Minimum price changeEUR 0.01 or CHF 0.01.
Contract monthsUp to 9 months: The three nearest quarterlymonths of the March, June, September andDecember cycle.
Last trading dayThe third Friday of each maturity month, if this is an exchange day; otherwise the exchange dayimmediately preceding that day. Close of trading
Equity Index ETF Futures
Contract
iShares EUROSTOXX 50® UCITSETF Futures
iShares DAX® UCITSETF (DE) Futures
iShares SMI®
(CH) Futures
Underlying
iShares EUROSTOXX 50®
UCITS ETF
iShares DAX®
UCITS ETF (DE)
Shares SMI®
(CH)
Product ID
EUNF
EXSF
XMTF
Currency
EUR
EUR
CHF
107Ex
chan
ge
Trad
ed P
rodu
cts
Der
ivat
ives
106
in the maturing futures on the last trading day is at 17:30 CET, for iShares SMI® (CH) Futures at 17:20 CET.
Daily settlement priceThe daily settlement prices for ETF futures are derived from the closing price of the underlyingdetermined during the closing auction plus the respective cost of carry.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
Tender PriceThe Tender Price is established by Eurex based onthe closing price determined within the electronictrading system of the domestic cash market for the respective underlying on the last trading day. If such a price cannot be determined, the volume-weighted average of the three last traded priceswithin the electronic trading system of the domestic cash market for the respective under-lying will be consulted.
Trading hours
Contract
iShares EURO STOXX 50® UCITS ETFFutures
iShares DAX® UCITS ETF (DE) Futures
iShares SMI® (CH) Futures
Trading hours
08:51–17:30 CET
08:51–17:30 CET
08:51–17:20 CET
109 108Ex
chan
ge
Trad
ed P
rodu
cts
Der
ivat
ives
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Equity Index ETF Futures:
• Block Trades• Flexible Futures
Further information about Eurex T7 Entry Services is available on www.eurexchange.com > Trading > Eurex T7 Entry Services.
Service hours09:05–20:00 CET
Equity Index and Fixed IncomeETF Options
Contract standards
ProductID
DBX1
DBXW
DBXA
EXS1
EUN2
EXX1
XMT
EXSA
IQQY
IDEM
IWDA
CSPX
ISF
Cur-rency
EUR
EUR
EUR
EUR
EUR
EUR
CHF
EUR
EUR
USD
USD
USD
GBP
Underlying
db x-trackers MSCIEmerging MarketsTRN ETF
db x-trackers MSCIWorld TRN ETF
db x-trackers MSCIEurope TRN ETF
iShares DAX® (DE)ETF
iShares EURO STOXX 50® ETF
iShares EUROSTOXX® Banks 30–15UCITS (DE) ETF
iShares SMI® (CH) ETF
iShares STOXX®
Europe 600 UCITS(DE) ETF
iShares MSCI EuropeUCITS ETF
iShares MSCIEmerging MarketsUCITS ETF
iShares Core MSCIWorld UCITS ETF
iShares Core S&P 500UCITS ETF
iShares Core FTSE100 UCITS ETF
Contract
db x-trackers MSCIEmerging MarketsTRN Options
db x-trackers MSCIWorld TRN Options
db x-trackers MSCIEurope TRN Options
iShares DAX® (DE)Options
iShares EURO STOXX 50® Options
iShares EUROSTOXX® Banks 30–15UCITS (DE) Options
iShares SMI® (CH)Options
iShares STOXX®
Europe 600 UCITS(DE) Options
iShares MSCI EuropeUCITS Options
iShares MSCIEmerging MarketsUCITS Options
iShares Core MSCIWorld UCITS Options
iShares Core S&P 500UCITS Options
iShares Core FTSE100 UCITS Options
111 110Ex
chan
ge
Trad
ed P
rodu
cts
Der
ivat
ives
110
Contract size100 (ISF: 1,000) index fund shares of the underlying.
Settlement Physical delivery of 100 (ISF: 1,000) index fund shares two exchange days after the last trading day.
Minimum price changeEUR 0.01, CHF 0.01, USD 0.01 or GBX 0.25.
Contract monthsStandard – up to 24 months: The three nearestsuccessive calendar months, the three followingquarterly months of the March, June, Septemberand December cycle thereafter, and the two following semi-annual months of the June andDecember cycle thereafter.
OHYU, OEMB, OQDE – up to 12 months: The three nearest successive calendar months andthe three following quarterly months of the March,June, September and December cycle thereafter.
Last trading dayThe third Friday of each expiration month, if thisis an exchange day; otherwise the exchange dayimmediately preceding that day. Close of tradingin the expiring option series (OHYU, OEMB,OQDE and all EUR denominated ETF options) on the last trading day is at 17:30 CET, for allother option series at 17:20 CET.
Daily settlement priceThe daily settlement price is established by Eurex.The daily settlement prices for ETF options aredetermined through the binomial model accordingto Cox/Ross/Rubinstein. If necessary, dividendexpectations, current interest rates or other pay-ments are taken into consideration.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
ExerciseAmerican-style; an option can be exercised up to the end of the Post-Trading Full Period(20:00 CET) on any exchange day during the lifetime of the option.
Options on db x-trackers ETFs can only be exercisedon the final settlement day (European-style) until the end of the Post-Trading Full-Period(20:00 CET).
The reference price for options on db x-trackersETFs used for automatic exercise is the NAV (Net Asset Value) of the respective ETF at close of trading on the last trading day rounded to twodecimal places. Since this price is not publishedbefore the respective next exchange day, the finalsettlement day for options on db x-trackers ETFs
Product ID
OHYU
OEMB
OQDE
Cur-rency
USD
USD
USD
Underlying
iShares USD HighYield Corporate BondUCITS ETF
iShares J.P. MorganUSD EmergingMarket Bond UCITSETF
iShares USDCorporate BondUCITS ETF
Contract
iShares USD HighYield Corporate BondUCITS Options
iShares J.P. MorganUSD EmergingMarket Bond UCITSOptions
iShares USDCorporate BondUCITS Options
113 112Ex
chan
ge
Trad
ed P
rodu
cts
Der
ivat
ives
will be the exchange day immediately followingthe last trading day; this is typically the Mondayfollowing the third Friday of the expiration month.
Exercise prices – db x-trackers
Exercise prices – iSharesNumber of exercise pricesUpon the admission of a contract, at least sevenexercise prices shall be made available for eachterm for each call and put, such that three exerciseprices are in-the-money, one is at-the-money andthree are out-of-the-money.
Option premiumThe premium is payable in full in the currency of the respective contract on the exchange dayfollowing the day of the trade.
Trading hours
Contract
Standard
IWDA, IDEM, ISF, CSPX, XMT
Trading hours
08:51–17:30 CET
08:51–17:20 CET
Exercise prices in EUR
Up to 2
2 – 4
4 – 8
8 – 20
20 – 52
52 – 100
100 – 200
200 – 400
> 400
Exercise price intervals in EUR for contract months with a remaining lifetime of
< 3 months
0.05
0.10
0.20
0.50
1.00
2.00
5.00
10.00
20.00
4–12months
0.10
0.20
0.40
1.00
2.00
4.00
10.00
20.00
40.00
13–24months
0.20
0.40
0.80
2.00
4.00
8.00
20.00
40.00
80.00
Contract
iShares DAX® (DE) Options
iShares EURO STOXX 50®
Options
iShares EURO STOXX® Banks30–15 UCITS (DE) Options
iShares SMI® (CH) Options
iShares STOXX® Europe 600UCITS (DE) Options
iShares MSCI Europe UCITSOptions
Exercise price intervals in EUR, CHF, USD or GBXfor contract months witha remaining lifetime of
< 3 months
1
0.5
0.5
1
0.5
0.5
4–12 months
2.5
1
1
2.5
1
1
13–24months
5
2
2
5
2
2
Contract
iShares MSCI Emerging MarketsUCITS Options
iShares Core MSCI World UCITSOptions
iShares Core S&P 500 UCITSOptions
iShares Core FTSE 100 UCITSOptions
iShares USD High YieldCorporate Bond UCITS Options
iShares J.P. Morgan USDEmerging Market Bond UCITSOptions
iShares USD Corporate BondUCITS Options
Exercise price intervals in EUR, CHF, USD or GBXfor contract months witha remaining lifetime of
< 3 months
0.5
0.5
5
10
0.5
0.5
0.5
4–12 months
1
1
10
20
1
1
1
13–24months
2
2
20
40
-
-
-
115 114Ex
chan
ge
Trad
ed P
rodu
cts
Der
ivat
ives
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor EquityIndex and fixed Income ETF options:
• Multilateral Trade Registration• Block Trades• Flexible Options
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours
Contract standards
Contract size100 ETC securities
Settlement Physical delivery of the respective ETC securitiesfour exchange days after the last trading day.
Minimum price changeThe minimum price change is USD 0.01 per security,equivalent to a value of USD 1.
Contract monthsUp to 36 Months: The three nearest successivecalendar months and the eleven following quarterly months of the March, June, Septemberand December cycle thereafter.
Last trading day and final settlement dayLast trading day is the final settlement day. Final settlement day is the third Friday of eachmaturity month if this is an exchange day; other-wise the exchange day immediately preceding
ETC Futures
Contrakt
ETFS Physical GoldFutures
ETFS Crude OilFutures
Underlying
ETFS Physical Gold ETC
ETFS Crude OilETC
ProductID
FPHA
FCRU
Currency
USD
USD
Contract
Standard
IWDA, IDEM, ISF, CSPX, XMT
Trading hours
08:51–17:30 CET
08:51–17:20 CET
116 117Ex
chan
ge
Trad
ed P
rodu
cts
Der
ivat
ives
that day. Close of trading in the maturing ETCfutures on the last trading day is at 17:30 CET.
Daily settlement priceThe daily settlement price for the current maturitymonth is derived from the volume-weighted average of the prices of all transactions during the minute before 17:30 CET (reference point),provided that more than five trades have beentransacted within this period.
For the remaining maturity months, the dailysettlement price for a contract is determined basedon the average bid/ask spread of the combinationorder book.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
Final settlement priceThe final settlement price is established by Eurexon the final settlement day, based on the closingauction at London Stock Exchange at 17:30 CET.
Trading hours09:00–17:30 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor ETC Futures:
• Block Trades• Flexible Futures
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours09:00–19:00 CET
119 118Ex
chan
ge
Trad
ed P
rodu
cts
Der
ivat
ives
Contract standards
Contract size100 ETC securities
Settlement Physical delivery of the respective ETC securitiesfour exchange days after the last trading day.
Minimum price changeThe minimum price change is USD 0.01 per security,equivalent to a value of USD 1.
Contract monthsUp to 60 Months: The three nearest successivecalendar months, the eleven following quarterlymonths of the March, June, September andDecember cycle thereafter, and the four followingsemi-annual months of the June and Decembercycle thereafter.
Last trading day and final settlement dayLast trading day is the final settlement day. Final settlement day is the third Friday of eachexpiration month if this is an exchange day;
ETC Options
Contract
ETFS Physical GoldOptions
ETFS Crude OilOptions
Underlying
ETFS Physical Gold ETC
ETFS Crude OilETC
ProductID
OPHA
OCRU
Currency
USD
USD
otherwise the exchange day immediately precedingthat day. Close of trading in the expiring optionseries on the last trading day is at 17:30 CET.
Daily settlement price The daily settlement price is established by Eurex.The daily settlement prices for ETC options aredetermined trough the binomial model accordingto Cox/Ross/Rubinstein.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
Final settlement price The final settlement price is established by Eurexon the final settlement day, based on the closingauction at London Stock Exchange at 17:30 CET.
ExerciseEuropean-style; an option can only be exercisedon the final settlement day of the respectiveoption series until 20:00 CET.
Exercise prices
Contract
ETFS Physical GoldOptions
ETFS Crude Oil Options
Exercise price intervals in USD for expiration months with a remaining lifetime of
< 36 months
2.00
0.50
> 36 months
4.00
1.00
121 120Ex
chan
ge
Trad
ed P
rodu
cts
Der
ivat
ives
Number of exercise pricesUpon the admission of the options, at least15 exercise prices shall be made available for eachdue date with a term of up to 60 months for eachcall and put, such that seven exercise prices arein-the-money, one is at-the-money and seven areout-of-the-money.
Option premiumThe premium is payable in full in USD on theexchange day following the day of the trade.
Trading hours09:00–17:30 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor ETC Options:
• Block Trades• Flexible Futures
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours09:00–19:00 CET
Contract standards
Contract size1,000 grams (1 kilogram) gold
Settlement Physical delivery of Xetra-Gold® bonds twoexchange days after the last trading day.
Price quotation and minimum price changeThe price quotation is in EUR with two decimalplaces. The minimum price change is EUR 0.01,equivalent to a value of EUR 10.
Contract monthsUp to 36 months: The three nearest successivecalendar months and the eleven following quarterlymonths of the March, June, September andDecember cycle thereafter.
Xetra-Gold®
Futures
Product ID
FXGL
Cur-rency
EUR
Underlying
Xetra-Gold® ETC (issued by Deutsche BörseCommodities GmbH, which entitles the bearer ofthe bond to claim delivery of 1 gram of Gold)
Contract
Xetra-Gold®
Futures
123 122Ex
chan
ge
Trad
ed P
rodu
cts
Der
ivat
ives
Last trading day and final settlement dayLast trading day is the final settlement day. Final settlement day is the third Friday of eachmaturity month if this is an exchange day; other-wise the exchange day immediately precedingthat day. Close of trading in the maturing futureson the last trading day is at 17:30 CET.
Daily settlement priceThe daily settlement price is established by Eurexfollowing the Xetra® closing auction.
Final settlement priceThe final settlement price is established by Eurexon the final settlement day, based on the Xetra®
closing auction at 17:30 CET.
Trading hours09:00–17:30 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Xetra-Gold® Futures:
• Block Trades• Flexible Futures
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours09:00–19:00 CET
Contract standards
Contract size1,000 grams (1 kilogram) gold
Settlement Physical delivery of Xetra-Gold® bonds twoexchange days after the last trading day.
Price quotation and minimum price changeThe price quotation is in EUR with two decimalplaces. The minimum price change is EUR 0.01,equivalent to a value of EUR 10.
Contract monthsUp to 60 months: The three nearest successivecalendar months, the eleven following quarterlymonths of the March, June, September andDecember cycle thereafter, and the four followingsemi-annual months of the June and Decembercycle thereafter.
Xetra-Gold®
Options
Product ID
OXGL
Cur-rency
EUR
Underlying
Xetra-Gold® ETC (issued by Deutsche BörseCommodities GmbH, which entitles the bearer ofthe bond to claim delivery of 1 gram of Gold)
Contract
Xetra-Gold®
Options
125 124Ex
chan
ge
Trad
ed P
rodu
cts
Der
ivat
ives
Last trading day and final settlement dayLast trading day is the final settlement day. Final settlement day is the third Friday of eachexpiration month if this is an exchange day;otherwise the exchange day immediately pre-ceding that day. Close of trading in the expiringoption series on the last trading day is at 17:30 CET.
Daily settlement price The daily settlement price is established by Eurexfollowing the Xetra® closing auction.
Final settlement price The final settlement price is established by Eurexon the final settlement day, based on the Xetra®
closing auction at 17:30 CET.
ExerciseEuropean-style; an option can only be exercisedon the final settlement day of the respectiveoption series until 20:00 CET.
Exercise prices
Number of exercise prices Upon the admission of the options, at least15 exercise prices shall be made available foreach due date with a term of up to 60 months for each call and put, such that seven exercise prices are in-the-money, one is at-the-moneyand seven are out-of-the-money.
Contract
Xetra-Gold® Options
Exercise price intervals in EUR for expiration months with a remaining lifetime of
< 36 months
0.2
> 36 months
0.4
Option premium The premium is payable in full in EUR on theexchange day following the day of the trade.
Trading hours09:00–17:30 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Xetra-Gold® Options:
• Multilateral Trade Registration• Block Trades• Flexible Options
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours09:00–19:00 CET
Commodity Derivatives
Com
mod
ity
Der
ivat
ives
127
Contract standards
BloombergCommodity IndexSM Futures
ProductID
FCCO
FCAG
FCXA
FCXB
FCEN
FCXE
FCGR
FCXR
FCIN
FCXI
FCLI
FCXL
FCPE
Cur -rency
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
Underlying
BloombergCommodity IndexSM
BloombergAgricultureSubindexSM
Bloomberg ex-AgricultureSubindexSM
Bloomberg ex-Agriculture &Livestock SubindexSM
Bloomberg Energy SubindexSM
Bloomberg ex-Energy SubindexSM
Bloomberg Grains SubindexSM
Bloomberg ex-Grains SubindexSM
BloombergIndustrial MetalsSubindexSM
Bloombergex-Industrial MetalsSubindexSM
Bloomberg Livestock SubindexSM
Bloomberg ex-LivestockSubindexSM
Bloomberg Petroleum SubindexSM
Contract
BloombergCommodity Futures
BloombergAgriculture Futures
Bloombergex-Agriculture Futures
Bloombergex-Agriculture&Livestock Futures
Bloomberg Energy Futures
Bloombergex-Energy Futures
Bloomberg Grains Futures
Bloomberg ex-Grains Futures
Bloomberg Industrial MetalsFutures
Bloomberg ex-Industrial MetalsFutures
Bloomberg Livestock Futures
Bloomberg ex-Livestock Futures
Bloomberg Petroleum Futures
129 128Com
mod
ity
Der
ivat
ives
The Bloomberg Commodity IndexSM measuresthe performance of 22 different commodities in total. The calculation of the index is based on the prices of commodity futures at differentexchanges. Furthermore there are subindexes andindexes where certain commodities are excluded(ex-indexes). The futures contracts refer to the excess return versions of the respectiveBloomberg commodity indexes.
Contract valueUSD 250 per index point of the underlying.
SettlementCash settlement, payable on the first exchangeday following the final settlement day.
Price quotation and minimum price changeThe price quotation is in points with two decimalplaces. The minimum price change is 0.01 points,equivalent to a value of USD 2.50.
ProductID
FCXT
FCPR
FCXP
FCSO
FCXS
Cur -rency
USD
USD
USD
USD
USD
Underlying
Bloomberg ex-PetroleumSubindexSM
Bloomberg Precious MetalsSubindexSM
Bloomberg ex-Precious MetalsSubindexSM
Bloomberg SoftsSubindexSM
Bloomberg ex-Softs SubindexSM
Contract
Bloomberg ex-Petroleum Futures
Bloomberg Precious MetalsFutures
Bloomberg ex-Precious MetalsFutures
Bloomberg Softs Futures
Bloomberg ex-Softs Futures
Contract monthsUp to 60 months: The three nearest successivecalendar months, the three following quarterlymonths of the March, June, September andDecember cycle thereafter, the four followingsemi-annual months of the June and Decembercycle thereafter and the two following annualmonths of the December cycle thereafter.
Last trading day and final settlement dayLast trading day is the third Friday of each maturitymonth if this is an exchange day; otherwise the exchange day immediately preceding that day. Final settlement day is five exchange daysfollowing the last trading day, if this day is stillwithin the same calendar month; otherwise the last exchange day in the calendar month, in which the contract expires. Close of trading in the maturing futures on the last trading day is at 18:00 CET.
Daily settlement priceThe daily settlement price is determined based onthe average bid/ask spread of the combinationorder book before the reference point (17:30 CET)in time.
Final settlement priceThe final settlement price is established by Eurexon the last trading day. The final settlement priceis based on the closing price of the respective indexon that day, provided no futures represented in the index is suspended at that time. The final settlement price is fixed with three decimal places.
Trading hours09:00–18:00 CET
131 130Com
mod
ity
Der
ivat
ives
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Bloomberg Commodity IndexSM Futures:
• Block Trades• Flexible Futures
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours09:00–21:30 CET
BloombergCommodity IndexSM OptionsContract standards
The Bloomberg Commodity IndexSM measuresthe performance of 22 different commodities in total. The calculation of the index is based on the prices of commodity futures at differentexchanges. Furthermore there are subindexes andindexes where certain commodities are excluded(ex-indexes). The options refer to the excessreturn version of the Bloomberg CommodityIndexSM.
Contract valueUSD 250 per index point of the underlying.
Settlement Cash settlement, payable on the first exchange dayfollowing the final settlement day.
Price quotation and minimum price changeThe price quotation is in points with two decimalplaces. The minimum price change is 0.01 points,equivalent to a value of USD 2.50.
Product ID
OCCO
Cur-rency
USD
Underlying
BloombergCommodity IndexSM
Contract
BloombergCommodity Options
133 132Com
mod
ity
Der
ivat
ives
Contract monthsUp to 60 months: The three nearest successivecalendar months, the three following quarterlymonths of the March, June, September andDecember cycle thereafter, the four followingsemi-annual months of the June and Decembercycle thereafter and the two following annualmonths of the December cycle thereafter.
Last trading day and final settlement dayLast trading day is the third Friday of each expi-ration month if this is an exchange day; other-wise the exchange day immediately preceding that day. Final settlement day is five exchange days following the last trading day, if this day is still within the same calendar month; otherwisethe last exchange day in the calendar month, in which the contract expires.
Daily settlement priceThe daily settlement price is established by Eurex.The daily settlement prices for commodity indexoptions are determined through the Black/Scholes76 model. The underlying reference price is the daily settlement price of the Eurex futurescontract based on the index.
Final settlement priceThe final settlement price is established by Eurexon the last trading day. The final settlement priceis based on the closing price of the respective indexon that day, provided no futures represented in the index is suspended at that time. The finalsettlement price is fixed with three decimal places.
ExerciseEuropean-style; an option can only be exercisedon the final settlement day of the respectiveoption series until 20:30 CET.
Exercise prices
Number of exercise pricesUpon the admission of the options, at least nineexercise prices shall be made available for eachdue date with a term of up to 60 months for eachcall and put, such that four exercise prices are in-the-money, one is at-the-money and four areout-of-the-money.
Option premium The premium is payable in full in USD on theexchange day following the day of the trade.
Trading hours09:00–18:00 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Bloomberg Commodity IndexSM Options:
• Block Trades• Vola Trades
Contract
Bloomberg Commodity Options
Exercise price intervals in USD for expiration months with a remaining lifetime of
< 12 months
5
> 12 months
10
134
Property DerivativesFurther information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours09:00–20:30 CET
137
Contract standards
Property Futures
136
Contract valueThe contracts have a nominal size of GBP 50,000and a par value of 100.
Settlement Cash settlement, payable on the first exchangeday following the final settlement day.
Price quotation and minimum price changeThe price quotation is in percent with two decimal places. The minimum price change is0.05 points, equivalent to a value of GBP 25.
Contract yearsEach contract will be based upon the total return of the respective IPD property index foran indi-vidual calendar year. The five nearest successive annual contracts of the February cycleare available for trading at any time.
Last trading day and final settlement dayLast trading day is the final settlement day. Finalsettlement day is the seventh calendar day afterthe last exchange day in January of the year inwhich the term of the futures contract expires ifthis is an exchange day; otherwise the exchangeday immediately preceding that day. Close of trading in the maturing futures on the last tradingday is at 12:00 CET.
Daily settlement priceThe daily settlement prices for the current matu r ityyear are derived from the volume-weightedaverage of the prices of all transactions during the minute before 17:30 CET (reference point),provided that more than five trades have beentransacted within this period.
Prop
erty
Der
ivat
ives
ProductID
PUKQ
PARQ
PAOQ
PAIQ
PSOP
PREW
PCOF
PWOF
PSEI
Cur -rency
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
Underlying
IPD® UK QuarterlyAll Property Index
IPD® UK QuarterlyAll Retail Index
IPD® UK QuarterlyAll Office Index
IPD® UK QuarterlyAll Industrial Index
IPD® UK QuarterlyShopping CentreIndex Calendar YearReturns
IPD® UK QuarterlyRetail WarehouseIndex Calendar YearReturns
IPD® UK QuarterlyCity Office Index Calendar Year Returns
IPD® UK QuarterlyWestend & MidtownOffice Index CalendarYear Returns
IPD® UK QuarterlySouth EasternIndustrial IndexCalendar Year Returns
Contract
IPD® UK Quarterly All Property IndexFutures
IPD® UK Quarterly All Retail IndexFutures
IPD® UK Quarterly All Office IndexFutures
IPD® UK Quarterly All Industrial IndexFutures
IPD® UK QuarterlyShopping CentreIndex FuturesCalendar Year Returns
IPD® UK QuarterlyRetail WarehouseIndex FuturesCalendar Year Returns
IPD® UK QuarterlyCity Office IndexFutures Calendar Year Returns
IPD® UK QuarterlyWestend & MidtownOffice Index FuturesCalendar Year Returns
IPD® UK QuarterlySouth EasternIndustrial IndexFutures Calendar Year Returns
Interest RateDerivatives
138
Final settlement priceThe final settlement price is established by Eurexon the final settlement day.
The final settlement price shall reflect the nominalpar value of 100 plus the compound QuarterlyTotal Returns or minus a loss for the respectiveindex during the calculation period of one calendaryear which is subject to being calculated. It isdetermined in percent; the decimal places arerounded to the next possible interval of 0.005, or 0.01, or multiples thereof.
Trading hours08:30–17:30 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Property Futures:
• Block Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours08:30–18:30 CET
Property Futures are available for trading in the U.S.
Contract standardsNotional short-, medium- or long-term debtinstruments issued by the Federal Republic ofGermany, the Republic of Italy, the Republic of France, the Kingdom of Spain or the SwissConfederation with remaining terms and a coupon of:
Contract valuesEUR 100,000 or CHF 100,000.
Fixed IncomeFutures
Product ID
FGBS
FGBM
FGBL
FGBX
FBTS
FBTM
FBTP
FOAM
FOAT
FBON
CONF
Coupon
Percent
6
6
6
4
6
6
6
6
6
6
6
Cur -rency
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
CHF
Remainingterm
Years
1.75 to 2.25
4.5 to 5.5
8.5 to 10.5
24.0 to 35.0
2.0 to 3.25
4.5 to 6.0
8.5 to 11.0
4.5 to 5.5
8.5 to 10.5
8.5 to 10.5
8.0 to 13.0
Contract
Euro-Schatz Futures
Euro-Bobl Futures
Euro-Bund Futures
Euro-Buxl® Futures
Short-Term Euro-BTP Futures
Mid-Term Euro-BTP Futures
Long-Term Euro-BTP Futures
Mid-Term Euro-OAT Futures
Euro-OAT Futures
Euro-BONOFutures
CONF Futures
141 140
Settlement A delivery obligation arising out of a short positionmay only be fulfilled by the delivery of certaindebt securities issued by the Federal Republic ofGermany, the Republic of Italy, the Republic ofFrance, the Kingdom of Spain or the Swiss Confed-eration with a remaining term on the Delivery Day within the remaining term of the underlying.Settlement of debt securities issued by the Republicof Italy, the Republic of France and the Kingdomof Spain in case of physical delivery will be donevia Clearstream Banking Luxemburg.
Debt securities issued by the Federal Republic ofGermany must have an original term of no longerthan 11 years (not for FGBX).
Debt securities issued by the Republic of Italy musthave an original term of no longer than 16 years(not for FBTS).
Debt securities issued by the Republic of Francemust have an original term of no longer than 17 years.
Debt securities issued by the Kingdom of Spainmust have an original term of no longer than 20 years (as of September 2018: 15 years).
In the case of callable bonds issued by the SwissConfederation, the first and the last call datesmust be between eight and 13 years.
Debt securities must have a minimum issue amountof EUR 5 billion, such issued by the Republic of Italy and the Kingdom of Spain no later thanten exchange days prior to the last trading day of the current maturity month, otherwise, theyshall not be deliverable until the delivery day of the current maturity month.
Inte
rest R
ate
Der
ivat
ives
Debt securities issued by the Swiss Confederationmust have a minimum issue amount of CHF 500million.
Price quotation and minimum price changeThe price quotation is in percent of the par value.
Contract monthsUp to 9 months: The three nearest quarterlymonths of the March, June, September andDecember cycle.
Delivery dayThe tenth calendar day of the respective quarterlymonth, if this day is an exchange day; otherwise,the exchange day immediately succeeding that day.
142 143
Contract
Euro-Schatz Futures
Euro-Bobl Futures
Euro-Bund Futures
Euro-Buxl® Futures
Short-Term Euro-BTP Futures
Mid-Term Euro-BTP Futures
Long-Term Euro-BTP Futures
Mid-Term Euro-OAT Futures
Euro-OAT Futures
Euro-BONO Futures
CONF Futures
Minimum price change
Percent
0.005
0.01
0.01
0.02
0.01
0.01
0.01
0.01
0.01
0.01
0.01
Value
EUR 5
EUR 10
EUR 10
EUR 20
EUR 10
EUR 10
EUR 10
EUR 10
EUR 10
EUR 10
CHF 10
NotificationClearing members with open short positions must notify Eurex on the last trading day of the maturing futures which debt instrument they will deliver. Such notification must be given by the end of the Post-Trading Full Period.
Last trading dayTwo exchange days prior to the delivery day of the relevant maturity month. Close of tradingin the maturing futures on the last trading dayis at 12:30 CET.
Daily settlement priceThe daily settlement prices for the current matur itymonth of CONF Futures are determined duringthe closing auction of the respective futures contract.
For all other fixed income futures, the daily settlement price for the current maturity month is derived from the volume-weighted average of the prices of all transactions during the minutebefore 17:15 CET (reference point), provided that more than five trades have been transactedwithin this period.
For the remaining maturity months the dailysettlement price for a contract is determinedbased on the average bid/ask spread of the combination order book.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
Inte
rest R
ate
Der
ivat
ives
Final settlement priceThe final settlement price is established by Eurexon the final settlement day at 12:30 CET, basedon the volume-weighted average price of all tradesduring the final minute of trading provided thatmore than ten trades occurred during this minute;otherwise the volume-weighted average price ofthe last ten trades of the day, provided that theseare not older than 30 minutes. If such a price cannot be determined, or does not reasonablyreflect the prevailing market conditions, Eurex will establish the final settlement price.
Trading hours
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Fixed Income Futures:
• Block Trades• Vola Trades• EFP Trades• EFS Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours
Fixed Income Futures are available for trading in the U.S.
145 144
Contract
Standard
Euro-BTP Futures / Euro-OAT Futures/Euro-BONO Futures
CONF Futures
Trading hours
08:00–22:00 CET
08:00–19:00 CET
08:30–17:00 CET
Contract
Standard
Euro-BTP Futures / Euro-OAT Futures/Euro-BONO Futures
CONF Futures
Trading hours
08:00–22:00 CET
08:00–19:00 CET
08:30–17:00 CET
Inte
rest R
ate
Der
ivat
ives
147 146
Contract standardsFutures on notional short-, medium- or long-term debt instruments issued by the FederalRepublic of Germany, the French Republic andthe Republic of Italy respectively with remainingterms and a coupon of:
Contract sizeOne fixed income futures contract.
Settlement The exercise of an option on fixed income futuresresults in the creation of a corresponding positionin the fixed income futures for the option buyer aswell as the seller to whom the exercise is assigned.The position is established after the Post-TradingFull Period of the exercise day, and is based onthe agreed exercise price.
Options onFixed IncomeFutures
Product ID
OGBS
OGBM
OGBL
OOAT
OBTP
Underlying
Euro-Schatz Futures
Euro-Bobl Futures
Euro-Bund Futures
Euro-OATFutures
Euro-BTP Futures
Coupon
Percent
6
6
6
6
6
Remainingterm of theunderlyingyears
1.75 to 2.25
4.5 to 5.5
8.5 to 10.5
8.5 to 10.5
8.5 to 11.0
Contract
Options on
Euro-Schatz Futures
Euro-Bobl Futures
Euro-Bund Futures
Euro-OATFutures
Euro-BTP Futures
147In
tere
st R
ate
Der
ivat
ives
Price quotation and minimum price changeThe price quotation is in points.
Contract monthsUp to 6 months: The three nearest successivecalendar months, as well as the following quarterlymonth of the March, June, September andDecember cycle thereafter.Calendar months: The maturity month of the underlying futures contract is the quarterlymonth following the expiration month of the option.Quarterly months: The maturity month of the underlying futures contract and the expirationmonth of the option are identical.
Last trading dayLast trading day is the last Friday prior to the first calendar day of the option expirationmonth, followed by at least two exchangedays prior to the first calendar day of the optionexpiration month.
Unless at least two exchange days lie between the last Friday of a month and the first calendar dayof the expiration month, the last trading day isthe Friday preceding the last Friday. If this Fridayis not an exchange day, the exchange day imme-diately preceding that Friday is the last trading day.An exchange day within the meaning of this
Contract
Options on
Euro-Schatz Futures
Euro-Bobl Futures
Euro-Bund Futures
Euro-OAT Futures
Euro-BTP Futures
Minimum price change
Points
0.005
0.005
0.01
0.01
0.01
Value
EUR 5
EUR 5
EUR 10
EUR 10
EUR 10
149 148
exception is a day, which is both an exchange dayat the Eurex Exchanges and a federal workday in the U.S.
Close of trading in all option series on the last trading day is at 17:15 CET.
Daily settlement priceThe daily settlement price is established by Eurex.The daily settlement prices for options on fixedincome futures are determined through the bino-mial model according to Cox/Ross/Rubinstein.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
ExerciseAmerican-style; an option can be exercised until the end of the Post-Trading Full Period at 18:30 CET on any exchange day during the lifetime of the option.
Exercise prices
Number of exercise prices Upon the admission of the options, at least nineexercise prices shall be made available for eachterm for each call and put, such that four exerciseprices are in-the-money, one is at-the-money and four are out-of-the-money.
Contract
Options on
Euro-Schatz Futures
Euro-Bobl Futures
Euro-Bund Futures
Euro-OAT Futures
Euro-BTP Futures
Exercise intervals
Points
0.1
0.25
0.50
0.50
0.50
Inte
rest R
ate
Der
ivat
ives
Option premium The premium is settled using the futures-stylemethod.
Trading hours08:00–17:15 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Options on Fixed Income Futures:
• Multilateral Trade Registration• Block Trades• Flexible Options• Vola Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours08:00–18:00 CET
Options on Fixed Income Futures are availablefor trading in the U.S.
151 150In
tere
st R
ate
Der
ivat
ives
Contract standardsInterest rate swaps denominated in euro withterms of 2, 5, 10 and 30 years and various fixedrate arrangements.
Fixed rate arrangement
Contract valueEUR 100,000
Settlement After close of trading, buyer and seller of an Euro-Swap Futures contract are obliged to conclude an interest rate swap with Eurex Clearing AG defined according to theunderlying on delivery day.
Thereby, as fixed rate payer, the seller of an Euro-Swap Futures contract is obliged to deliver. As fixed rate receiver, the buyer of an Euro-Swap Futures contract is obliged to accept the delivery.
Futures onInterest RateSwaps
Product ID
FSWS
FSWM
FSWL
FSWX
Currency
EUR
EUR
EUR
EUR
Contract
2-year Euro-Swap Futures
5-year Euro-Swap Futures
10-year Euro-Swap Futures
30-year Euro-Swap Futures
FSWS
0.00%
0.00%
0.00%
FSWM
0.25%
0.50%
0.50%
FSWL
1.00%
1.00%
1.00%
FSWX
1.50%
1.75%
1,50%
Contract month
Mar 2018
Jun 2018
Sep 2018
This section only lists the differences with respectto the regular contract specifications for Optionson Euro-Bund Futures.
Contract monthsUp to 5 weeks: The five next weeks for the first,second, third, fourth and fifth week of the follow-ing maturity month with a Weekly Options expiration. On expiration days with an expirationof the standard monthly options series (OGBL), no Weekly Option will be available.
Weekly Options with an expiration date betweenChristmas and New Year’s Eve are not availablefor trading.
Last trading day Last trading day is the Friday of the expirationweek, if this is an exchange day; otherwise the exchange day immediately preceding that day.If the immediately preceding exchange day is not in the same calendar month as the Friday ofthe expiration week, the last trading day will bethe exchange day immediately following the Fridayof the expiration week.
Weekly Optionson Euro-BundFutures
Contract
1st Friday Weekly Options on Euro-Bund Futures
2nd Friday Weekly Options on Euro-Bund Futures
3rd Friday Weekly Options on Euro-Bund Futures
4th Friday Weekly Options on Euro-Bund Futures
5th Friday Weekly Options on Euro-Bund Futures
Product ID
OGB1
OGB2
OGB3
OGB4
OGB5
153 152In
tere
st R
ate
Der
ivat
ives
Price quotation and minimum price changeThe price quotation is determined in percent ofthe nominal value:[100%+(market value of the deliverable interestrate swap / nominal value) ] � 100
Contract monthsUp to 9 months: The three nearest quarterlymonths of the March, June, September andDecember cycle.
Delivery day Delivery day is the exchange day immediatelypreceding the third Wednesday of the respectivedelivery month, if this is an exchange day; other-wise, the exchange day immediately succeedingthat day.
Last trading day Last trading day is the exchange day immediatelypreceding the delivery day. Close of trading in the maturing futures on the last trading day is at 12:15 CET.
Daily settlement priceThe daily settlement price for the current maturitymonth is derived from the volume-weighted average of the prices of all transactions during the minute before 17:15 CET (reference point),provided that more than five trades have beentransacted within this period.
Minimum price change
Percent
0.005
0.01
0.01
0.02
Contract
2-year Euro-Swap Futures
5-year Euro-Swap Futures
10-year Euro-Swap Futures
30-year Euro-Swap Futures
Value
EUR 5
EUR 10
EUR 10
EUR 20
Further details are available in the clearing con-ditions on www.eurexchange.com > Resources >Rules & Regulations.
Final settlement priceThe final settlement price is established by Eurexon the final settlement day at 12:15 CET, basedon the volume-weighted average price of all tradesduring the final minute of trading provided thatmore than ten trades occurred during this minute;otherwise the volume-weighted based averageprice of the last ten trades of the day, providedthat the trades are not older than 30 minutes. If such a price cannot be determined, or does notreasonably reflect the prevailing market conditions,Eurex will establish the final settlement price.
Trading hours08:30–19:00 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Futures on Interest Rate Swaps:
• Block Trades• EFP Trades• EFS Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours08:30–19:00 CET
155 154In
tere
st R
ate
Der
ivat
ives
Contract standardEURO STOXX 50® Corporate Bond Index (price index), including corporate bonds from the constituents of the EURO STOXX 50® Index at the time of rebalancing.
Contract valueEUR 1,000 per index point of the underlying.
Settlement Cash settlement, payable on the first exchangeday following the final settlement day.
Price quotation and minimum price changeThe price quotation is in index points with twodecimal places. The minimum price change is 0.01 index points, equivalent to a value ofEUR 10.
Contract monthsUp to 9 months: The three nearest quarterlymonths of the March, June, September andDecember cycle.
Corporate BondIndex Futures
Contract
EURO STOXX 50® Corporate BondIndex Futures
Product ID
FCBI
Currency
EUR
Last trading day and final settlement dayLast trading day is the third Friday of each maturitymonth if this is an exchange day; otherwise the exchange day immediately preceding that day.Close of trading in the maturing futures on the lasttrading day is at 19:00 CET. Final settlement dayis the exchange day following the last trading day.
Daily settlement priceThe daily settlement prices for the current maturitymonth are derived from the volume-weightedaverage of the prices of all transactions duringthe minute before 17:15 CET (reference point),provided that more than five trades are transactedwithin this period.
For the remaining maturity months, the daily settle-ment price for a contract is determined based on the average bid/ask spread of the combinationorder book.
Further details are available in the clearing con-ditions on www.eurexchange.com > Ressources >Rules & Regulations.
Final settlement priceThe final settlement price is established by Eurexon the final settlement day of the contract and is based on the closing price of the index on the lasttrading day.
Trading hours07:50–19:00 CET
157 156In
tere
st R
ate
Der
ivat
ives
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are available for EURO STOXX 50® Corporate Bond Index Futures:
• Block Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours08:00–19:00 CET
A LDX IRS Constant Maturity Futures (GDI IRSCMF) is a futures contract on a specific interestrate index, the “Global Derivatives Indices LimitedInterest Rate Swap Constant Maturity Index”(GDI IRS CMI), denominated in euro.
Each GDI IRS CMI replicates a different point onthe interest rate swap curve varying from two to 30 years. As this is a constant maturity index,each index will track a fixed point on the interestrate swap curve. Consequently, each futures contract always has the same fixed underlyingtenor, ranging from two to 30 years inclusive sothat 29 contracts are tradable on Eurex Exchange.
UnderlyingThe GDI IRS CMI is published by GDI in real-time throughout the exchange day. It is used asthe underlying index for LDX IRS CMF.
GDI IRS CMI is an index of the Interest Rate Swap curve in the respective currency. “ConstantMaturity” refers to the fact that the index has a constant time to expiration, therefore tomorrow’sten year EUR IRS CMI will be based on tomor-row’s ten year EUR IRS price. Given that the EURIRS price varies from day to day due to EURIBORresets and market sentiment, the GDI IRS CMItracks the change.
It is published for all annual tenors from two yearsto 30 years.
LDX IRS ConstantMaturity Futures
159 158In
tere
st R
ate
Der
ivat
ives
Price quotation of LDX IRS CMFAn amount representing the sum of the notionalvalue and the present value of all future cash flowsof the fixed leg in an equivalent notional valueinterest rate swap with a maturity matching thetenor of the respective future contract. The presentvalue amount of the fixed leg is derived from the interest rate traded with each resulting pay-ments being discounted using the discount factors calculated and published by GDI for the respective tenor to the payment.
The price quotation is in EUR with two decimalplaces. The minimum price change is EUR 0.01.
Tenors of LDX IRS CMF2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16,17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29and 30 years
Notional valueFor LDX IRS CMF with underlying GDI IRS CMItenors of two and three years: EUR 200,000
For LDX IRS CMF with underlying GDI IRS CMItenors from four to eight years: EUR 100,000
For LDX IRS CMF with underlying GDI IRS CMItenors from nine to 30 years: EUR 50,000
Final settlement, last trading day and delivery dayLDX IRS CMF can be traded on each exchangeday. The contracts have no expiration and henceno final settlement date or price and no last tradingor delivery day.
Daily settlement priceThe daily settlement price is determined by Eurexon each trading day.
Further details are available in the clearing con-ditions on www.eurexchange.com > Resources >Rules & Regulations.
Trading hours07:30–18:15 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor LDX IRS Constant Maturity Futures:
• Block Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours07:30–18:15 CET
LDX IRS Constant Maturity Futures are availablefor trading in the U.S.
161 160
Contract standardsAverage rate of the effective overnight referencerate for the euro (EONIA – Euro Over Night Index Average) over a period of time determinedby the Eurex Exchanges taking into account the compounded interest effect.
Contract valueEUR 1 million.
SettlementCash settlement, payable on the first exchangeday following the final settlement day.
Price quotation and minimum price changeThe price quotation is in percent, with three decimal places, expressed as 100 minus the tradedrate of interest. The minimum price change is 0.005 points; the tick value is EUR 5.83.
Contract monthsThe current and the four following periods of time determined by the Eurex Exchanges are available for trading at a maximum.
Further details are available in the contract specifications on www.eurexchange.com >Resources > Rules & Regulations.
EONIA Futures(FEO1)
Inte
rest R
ate
Der
ivat
ives
Last trading day and final settlement dayLast trading day is the final settlement day. Final settlement day is the last exchange day ofthe relevant period of time determined by the Eurex Exchanges, provided that on that daythe daily effective overnight reference rate for the euro is calculated by the European MoneyMarkets Institute (EMMI); otherwise, the exchangeday immediately preceding that day. Close of trading in the maturing futures on the last tradingday is at 18:00 CET.
Daily settlement priceThe daily settlement price for the current maturitymonth of EONIA Futures is derived from the volume-weighted average of the prices of all trans-actions during the minute before 17:15 CET (reference point), provided that more than fivetrades have been transacted within this period.
For the remaining maturity months, the dailysettlement price for a contract is determinedbased on the average bid/ask spread of the combination order book.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
Final settlement priceThe final settlement price is established by Eurexon the final settlement day after 19:00 CET; basedon the compounded average of the effective over-night reference rate for the euro as calculated by the European Central Bank over the accrualperiod of the futures contract.
163 162In
tere
st R
ate
Der
ivat
ives
Trading hours08:00–18:00 CET
Matching of trades (pro rata matching)Orders and quotes are matched according to theprinciple of pro rata matching, which is exclusivelybased on the principle of price priority.
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor EONIA Futures:
• Block Trades• EFP Trades• EFS Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours08:00–18:00 CET
EONIA Futures are available for trading in the U.S.
Contract standardsEuropean Interbank Offered Rate (EURIBOR) forthreemonth euro term deposits.
Contract valueEUR 1 million.
SettlementCash settlement, payable on the first exchangeday following the final settlement day.
Price quotation and minimum price changeThe price quotation is in percent, with four decimalplaces, expressed as 100 minus the traded rate of interest. The minimum price change is 0.0025points, equivalent to a value of EUR 6.25.
The minimum price change for the differentinstrument types of the contract is:
Three-MonthEURIBOR Futures(FEU3)
Minimum price change
0.005
0.005
0.0025
0.0025
Instrument type
Outright contracts
Standardized futures strategies (Futures-Calendar Spreads, Butterflies, Condors)
Standardized futures strip strategies(Packs & Bundles)
Non-standardized futures strip strategies(Strips)
165 164In
tere
st R
ate
Der
ivat
ives
Contract monthsUp to 72 months: The 6 nearest successive calendar months and the 22 following quarterlymonths of the March, June, September andDecember cycle.
Last trading day and final settlement dayLast trading day is the final settlement day. Finalsettlement day is two exchange days prior to the third Wednesday of the respective maturitymonth, provided that on that day the EuropeanMoney Markets Institute (EMMI) has determinedthe EURIBOR reference interest rate pertaining to three-month euro term deposits; otherwise,the exchange day immediately preced ing that day.Close of trading in the maturing futures on the last trading day is at 11:00 CET.
Daily settlement priceThe daily settlement price for the current maturitymonth of Three-Month EURIBOR Futures is derived from the volume-weighted average of the prices of all transactions during the minutebefore 17:15 CET (reference point), provided that more than five trades have been transactedwithin this period.
For the remaining maturity months, the dailysettlement price for a contract is determinedbased on the average bid/ask spread of the combination order book.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
Final settlement priceThe final settlement price is established by Eurexon the final settlement day at 11:00 CET; basedon the reference interest rate (EURIBOR) forthree-month euro term deposits as determined by the European Money Markets Institute. To fix the final settlement price, the EURIBORrate is rounded to three decimal places and then subtracted from 100.
Trading hours08:00–19:00 CET
Matching of trades (pro rata matching)Orders and quotes are matched according to the principle of pro rata matching, which is exclusively based on the principle of price priority.
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Three-Month EURIBOR Futures:
• Block Trades• Vola Trades• EFP Trades• EFS Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours08:00–19:00 CET
Three-Month EURIBOR Futures are available fortrading in the U.S.
167 166In
tere
st R
ate
Der
ivat
ives
Contract standardsSTOXX® GC Pooling EUR Deferred Funding Rate
Contract valueEUR 1 million.
Settlement Cash settlement, payable on the first exchangeday following the final settlement day.
Price quotation and minimum price changeThe price quotation is in percent, with three decimal places, expressed as 100 minus the tradedrate of interest. The minimum price change is 0.005 points.
Contract monthsThe current and the four following periods of time determined by the Eurex Exchanges are available for trading at a maximum.
Further details are available in the contract specifications on www.eurexchange.com >Resources > Rules & Regulations.
Last trading day and final settlement dayLast trading day is the final settlement day. Final settlement day is the last exchange day ofthe respective maturity period, provided that on that day STOXX® has determined the STOXX®
GC Pooling EUR Deferred Funding Rate; other-wise, the exchange day immediately preceding
EUR SecuredFunding Futures (FLIC)
that day. Close of trading in the maturing futureson the last trading day is at 18:00 CET.
Daily settlement priceThe daily settlement price for the current maturitymonth of EUR Secured Funding Futures is derivedfrom the volume-weighted average of the pricesof all transactions during the minute before 18:00 CET (reference point), provided that morethan five trades have been transacted within this period.
For the remaining maturity periods, the daily settlement price for a contract is determined basedon the average bid/ask spread of the combinationorder book.
Further details are available in the clearing con-ditions on www.eurexchange.com > Resources >Rules & Regulations.
Final settlement priceThe final settlement price is established by Eurexon the final settlement day at 19:00 CET; basedon the compounded average of the effective interest rates on GC Pooling repo transactions as determined by STOXX® on a daily basis for the duration of a period of time determinedby the Eurex Exchanges.
Trading hours08:00–18:00 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor EUR Secured Funding Futures:
• Block Trades• EFS Trades• EFP Trades
169 168In
tere
st R
ate
Der
ivat
ives
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours08:00–18:00 CET
EUR Secured Funding Futures are available fortrading in the U.S. Contract standards
Three-Month EURIBOR Futures.
Contract sizeOne Three-Month EURIBOR Futures contract.
SettlementThe exercise of an option on the Three-MonthEURIBOR Futures contract results in the creationof a corresponding position in the Three-MonthEURIBOR Futures for the option buyer as well as the seller to whom the exercise is assigned. The position is established after the Post-TradingFull Period of the exercise day, and is based onthe agreed exercise price.
Price quotation and minimum price changeThe price quotation is in points, with three deci-mal places. The minimum price change is 0.005points, equivalent to a value of EUR 12.50.
Contract monthsUp to 24 months: The six nearest calendar monthsas well as the six following quarterly months ofthe March, June, September and December cyclethereafter. The maturity month of the under-lying futures contract and the ex piration month of the option are identical in the expirationmonths March, June, September and December, in the other expiration months, the maturity month
Options on Three-MonthEURIBOR Futures(OEU3)
171 170In
tere
st R
ate
Der
ivat
ives
of the underlying futures contract is the cyclicquarterly month following the expiration monthof the option.
Last trading dayOption series expiring with the underlying EURIBOR futures contract (FEU3) in an identicalquarterly month of the cycle March, June,September and December:
Two exchange days prior to the third Wednesdayof the respective expiration month, provided that on that day the European Money MarketsInstitute (EMMI) has determined the EURIBORreference interest rate pertaining to three-montheuro term deposits; otherwise, the exchange dayimmediately preceding that day. Close of tradingin these expiring option series on the last tradingday is at 11:00 CET.
Option series not expiring in quarterly month ofthe cycle March, June, September and December:
The Friday prior to the third Wednesday of the respective expiration month, provided that onthat day the European Money Markets Institute(EMMI) has determined the EURIBOR referenceinterest rate pertaining to three-month euro termdeposits; otherwise, the exchange day immediatelypreceding that day. Close of trading in these expiring option series on the last trading day is at 17:15 CET.
Daily settlement priceThe daily settlement price is established by Eurex.The daily settlement prices for options on Three-Month EURIBOR Futures are determined throughthe binomial model according to Cox/Ross/Rubinstein.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
ExerciseAmerican-style; an option can be exercised untilthe end of the Post-Trading Full Period (20:00 CET)on any exchange day during the lifetime of the option and on the last trading day until11:45 CET for quarterly expiries and 18:00 CETfor non-quarterly expiries.
Exercise pricesThe expiration months have exercise prices withintervals of 0.125 points.
Number of exercise pricesUpon the admission of the options, at least 25exercise prices shall be made available for eachterm for each call and put, such that twelve exercise prices are in-the-money, one is at-the-money and twelve are out-of-the-money.
Option premiumThe premium is settled using the futures-stylemethod.
Trading hours08:00–19:00 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor Options on Three-Month EURIBOR Futures:
• Block Trades• Vola Trades
173 172
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours08:00–19:00 CET
Options on Three-Month EURIBOR Futures areavailable for trading in the U.S.
Inte
rest R
ate
Der
ivat
ives
One- to Four-YearMid Curve Optionson Three-MonthEURIBOR FuturesContract standards
Contract sizeOne Three-Month EURIBOR Futures contract.
Settlement The exercise of an One-Year (Two-, Three-, Four-)Mid Curve Option on a Three-Month EURIBORFutures contract results in the creation of a corre-sponding position in the Three-Month EURIBORFutures for the option buyer as well as the seller towhom the exercise is assigned, whereby a Three-Month EURIBOR Futures with a maturity of one(two, three, four) year(s) after expiration of theOne-Year (Two-, Three-, Four-) Mid Curve Optionon Three-Month EURIBOR Futures will be delivered.
Monthly expirations in all Mid Curve Options will be delivered with a Three-Month EURIBORFutures contract of the following quarterly maturityof the respective year after the expiration of the options contract.
The position is established after the Post-TradingFull Period of the exercise day, and is based onthe agreed exercise price.
Product ID
OEM1,OEM2,OEM3,OEM4
Underlying
Three-Month EURIBOR Futures
Contract
One- to Four-YearMid Curve Options on Three-MonthEURIBOR Futures
Cur-rency
EUR
175 174In
tere
st R
ate
Der
ivat
ives
Price quotation and minimum price changeThe price quotation is in points, with three decimal places. The minimum price change is0.005 points, equivalent to a value of EUR 12.50.
Contract monthsUp to 12 months: The six nearest calendarmonths as well as the two following quarterlymonths of the March, June, September andDecember cycle.
Last trading dayThe Friday prior to the third Wednesday of the respective expiration month, provided that onthat day the European Money Markets Institute(EMMI) has determined the EURIBOR referenceinterest rate pertaining to three-month euro termdeposits; otherwise, the exchange day immediatelypreceding that day. Close of trading in these expiring option series on the last trading day is at 17:15 CET.
Daily settlement priceThe daily settlement price is established by Eurex.The daily settlement prices for One-Year Mid CurveOptions on Three-Month EURIBOR Futures aredetermined trough the binomial model accordingto Cox/Ross/Rubinstein.
Further details are available in the clearing con-di tions on www.eurexchange.com > Resources >Rules & Regulations.
ExerciseAmerican-style; an option can be exercised up to the end of the Post-Trading Full Period (20:00 CET) on any exchange day during the lifetime of the option, and on the last tradingday until 18:00 CET.
Exercise pricesThe expiration months have exercise prices withintervals of 0.125 points.
Number of exercise prices Upon the admission of the options, at least 25 exercise prices shall be made available for eachterm for each call and put, such that twelve exercise prices are in-the-money, one is at-the-money and twelve are out-of-the-money.
Option premium The premium is settled using the futures-stylemethod.
Trading hours08:00–19:00 CET
Eurex T7 Entry ServicesThe following Eurex T7 Entry Services are availablefor One-Year Mid Curve Options on Three-MonthEURIBOR Futures:
• Block Trades
Further information about Eurex T7 Entry Services is available on www.eurexchange.com >Trading > Eurex T7 Entry Services.
Service hours08:00–19:00 CET
Mid Curve Options on Three-Month EURIBORFutures are available for trading in the U.S.
Eurex Repo
177Eu
rex
Rep
o
General Collateral BasketsGerman GC BasketEUR-denominated debt securities of the FederalRepublic of Germany and the Treuhandanstalt.
German 10 Year GC BasketEUR-denominated debt securities of the FederalRepublic of Germany and the Treuhandanstaltwith a remaining term of up to 10 years.
German Jumbo GC BasketEUR-denominated Jumbo-Pfandbriefe of Germanissuers as well as Asset Covered Securities (ACS)issued by mortgage banks and credit institutionssubject to public law. The issuance volume of such Jumbo-Pfandbriefe must be no less than EUR 1,000 million.*
German Pfandbrief GC BasketEUR-denominated Pfandbriefe of German issuers.The issuance volume of such Pfandbriefe mustaccount for a minimum amount of EUR 100 millionand less than EUR 1,000 million.*
Eurex RepoRepo Market
* A minimum rating of AA from Standard & Poor’s RatingsServices for “Senior Unsecured Debt”, Aa2 from Moody’sInvestors Services, Inc. for “Long-Term Senior Debt” or AA from Fitch, Inc. for “International Long-Term Credit” is required. In case of differing ratings the lower valuationapplies.
179Eu
rex
Rep
o 178
** The issuing volume of the debt securities shall amount toat least EUR 100 million. In addition, the debt securitiesshall be rated as follows: at least A for “Senior UnsecuredDebt” by Standard & Poor’s Rating Services; at least A3 for “Long-Term Senior Debt” by Moody’s Investor Services,Inc. or at least A for “International Long-term Credit” byFitch, Inc. In case the rating by the named agencies differs,the lower rating is considered.
German Länder GC BasketEUR-denominated public authorities Germanybonds (e.g. German State Bonds – Länderanleihen).A minimum issuing volume of EUR 100 million is required.
KfW GC BasketEUR-denominated bonds of Kreditanstalt fürWiederaufbau (a public law institution of theFederal Republic of Germany). A minimumissuing volume of EUR 100 million is required.
German Corporate Bond GC BasketEUR-denominated covered and uncovered debtsecurities of German issuers (non-financial insti-tutions) as well as EUR-denominated uncovereddebt securities of German financial institutions.Excluded are debt securities of German issuers,which are included in the German GovernmentGuaranteed GC Basket.**
KfW 10 Years Bond GC BasketThe KfW 10 Years Bond GC Basket encompassesbonds denominated in Euro and issued by the Kreditanstalt für Wiederaufbau (a public lawinstitution of the Federal Republic of Germany)with a remaining term of up to 10 years. The issuing volume of the bonds shall amount to at least EUR 300 million.
Agency GC BasketEUR-denominated debt securities of the EuropeanInvestment Bank (EIB) and the Caisse d’Amortisse-ment de la Dette Sociale (CADES) with a minimumissuing volume of EUR 500 million.
EIB GC BasketEUR-denominated bonds of the EuropeanInvestment Bank (EIB).
EIB 10 Years Bond GC BasketThe EIB 10 Years Bond GC Basket encompassesbonds denominated in Euro and debt securities of the European Investment Bank with a remainingterm of up to 10 years.The issuing volume of thebonds shall amount to at least EUR 300 million.
European Government GC BasketEUR-denominated debt securities of Austria,Belgium, Finland, France, Ireland, Luxembourg,Netherlands as well as Eurobonds (securities with ISINs beginning with the characters XS).
Austrian Government GC BasketEUR-denominated debt securities of the Republicof Austria.
Belgian Government GC BasketEUR-denominated debt securities of the Kingdomof Belgium.
Finnish Government GC BasketEUR-denominated debt securities of the Republicof Finland.
French Government GC BasketEUR-denominated debt securities of the FrenchRepublic.
181 180Eu
rex
Rep
o
French 10 Years Bond GC BasketThe French 10 Years Bond GC Basket encom-passes debt securities of the French Republic witha remaining term of up to 10 years.
Dutch Government GC BasketEUR-denominated debt securities of the Kingdomof the Netherlands.
Spanish Government GC BasketEUR-denominated debt securities of the Kingdomof Spain.
Spanish 5 Years Bond GC BasketThe Spanish 5 Years Bond GC Basket encom-passes debt securities of the Kingdom of Spainwith a remaining term of up to 5 years.
UK GILT GC BasketEUR-denominated debt securities of the UnitedKingdom and Ireland.
European Covered Bond GC BasketEUR-denominated mortgage bonds or respectivelydebt securities that are covered similar to mortgagebonds of European issuers. A minimum issuingvolume of EUR 100 million is required.*
French Covered Bond GC BasketEUR-denominated covered bonds or bonds which are covered similar to Pfandbriefe of French issuers, with a minimum issuing volume of EUR 100 million.*
European Corporate Bond GC BasketEUR-denominated covered and uncovered debtsecurities of European issuers (non-financial insti-tutions), uncovered debt securities of European
* A minimum rating of AA from Standard & Poor’s RatingsServices for “Senior Unsecured Debt”, Aa2 from Moody’sInvestors Services, Inc. for “Long-Term Senior Debt” or AA from Fitch, Inc. for “International Long-Term Credit” is required. In case of differing ratings the lower valuationapplies.
** The issuing volume of the debt securities shall amount toat least EUR 100 million. In addition, the debt securitiesshall be rated as follows: at least A for “Senior UnsecuredDebt” by Standard & Poor’s Rating Services; at least A3 for “Long-Term Senior Debt” by Moody’s Investor Services,Inc. or at least A for “International Long-term Credit” byFitch, Inc. In case the rating by the named agencies differs,the lower rating is considered.
financial institutions as well as covered and un-covered Eurobonds (securities whose ISIN beginswith the numbers XS) of European issuers. Excep-tions are debt securities of German issuers whichare included in the German Corporate Bond GCBasket or in the German Government GuaranteedGC Basket as well as debt securities of Europeanissuers which are included in the EuropeanGovernment Guaranteed GC Basket.**
German Government Guaranteed GC BasketEUR-denominated government guaranteed debtsecurities with the Federal Republic of Germanyacting as guarantor.**
European Government Guaranteed GC BasketEUR-denominated government guaranteed debtsecurities with the following countries acting asguarantor: Belgium, Germany (XS-ISIN), Finland,France, Luxembourg, Netherlands and Austria.**
EFSF GC BasketEUR-denominated special purpose entities of the European Economic and Monetary Union within the framework of the European FinancialStabilization Mechanism (ESM), especially theEuropean Financial Stabilization Facility (EFSF).
183 182Eu
rex
Rep
o
GC Pooling® ECB Basket in CHF, EUR, GBP and USDMore than 4,000 ECB eligible securities for collateralized funding based on the Eligible AssetDatabase (EAD) with a minimum rating of A-. The basket collateral can be re-used for furtherGC Pooling® trades and for pledging in favour of the German Bundesbank and the EuropeanCentral Bank (only Xemac user) as well as EurexClearing AG to cover the margin requirements.
GC Pooling® ECB EXTended Basket in CHF,EUR, GBP and USDMore than 14,000 eligible securities for collater-alized funding based on the Eligible Asset Database(EAD) with currently a minimum rating of BBB-.The basket collateral can be re-used for furtherGC Pooling® trades and for pledging in favour ofEurex Clearing AG to cover the margin requirements.
GC Pooling® INT MXQ Basket in CHF, EUR,GBP and USD More than 1,700 eligible securities from 16 publicand seven supranational issuers with a minimumrating of AA-. The basket collateral can be re-used for further GC Pooling® trades and forpledging in favour of Eurex Clearing AG to coverthe margin requirements.
Eurex RepoGC Pooling®
Market
Special RepoThe securities available for Special Repo include allthose securities which are contained in the basketspecifications for General Collateral Repo and are not excluded from being eligible as collateralby the definition in the Basic Principles. Additionalsecurities with a minimal issue size of EUR 10 millionand a minimum rating of A-/A3 can be madeavailable for Special Repo on an individual basis.
Contract valueMinimum of EUR 1 million or a multiple thereofand minimum of EUR 500,000 or a multiple thereoffor the Special Repo of the Repo Market.
184
GC Pooling® Equity The GC Pooling® Equity Basket is defined by the European benchmark indexes AEX25,CAC 40®, DAX® and EURO STOXX 50®. This basketenables the re-use within the GC Pooling® Equitymarket and Eurex Clearing Margining (possible forcustomers with Xemac access).
Contract value Minimum of EUR, USD, GBP or CHF 1 million or a multiple thereof
SettlementDelivery versus payment.
Price quotationIn percent, with a maximum of three decimal places.
Contract types – Repo MarketGeneral Collateral Baskets and Special RepoON, TN, SN, CN, C1W, 1WE, 2WE, 3WE, 1M, 2M,3M, 6M, 9M, 12M, Non Standard and Open-termson fix and variable repo rates (variable repo ratesonly available for the General Collateral Basket).
Contract types – GC Pooling® Market ON, TN, SN, Spot 1WE, 2WE, 1M, 3M, 6M, 9M,12M, FlexTerm for fix und variable repo rates.
Daily settlement priceClose of previous day.
185Eu
rex
Rep
o
Cut-off times for OverNight Repo –Repo MarketGeneral Collateral Baskets and Special Repo External 14:45 CET (settlement betweenClearstream Banking and Euroclear Bank)
Internal 15:15 CET (settlement either withinClearstream Banking or Euroclear Bank)
Cut-off times for OverNight Repo –GC Pooling® Market
Trading hours07:30–18:00 CET
Non OverNight termsStart End07:30 CET 18:00 CET
07:30 CET 18:00 CET
07:30 CET 18:00 CET
07:30 CET 18:00 CET
OverNight /Same dayStart End07:30 CET 17:00 CET
07:30 CET 16:30 CET
07:30 CET 11:00 CET
07:30 CET 16:30 CET
TradingCurrency
EUR
USD
CHF
GBP
186
ProductsLoan• Shares of the following indexes: H-DAX®,
SMI® and SMIM®, CAC 40®, BEL 20, AEX25• Government bonds and notes of major
industrialized nations• Broad range of corporate straight and
convertible bonds• Supranationals (XS) and listed Eurobonds• Wide range of Exchange Traded Funds
Equity collateral• Selected indexes from Europe, Asia Pacific
and North America• Selected ETF ISINs
Fixed income collateral• Central Government Bond Issues• Supranational Issuers• ECB-eligible Non-Central government Bonds &
Corporate Bonds as announced by ECB
Cash collateralIn addition to securities collateral, cash in the following currencies may be used for collateralization of the loans: USD and EUR.Settlement via cash correspondent.
Contract sizes Minimum contract size forEquities: 1 pieceBonds: 1,000 nominal
SecLend Market ClearingThe integrated Eurex Clearing CCP service coversEuropean markets for loans in equities, ETFs aswell as fixed income securities. The Eurex ClearingCCP service reduces counterparty risk exposureand eliminates the need for multiple credit limitevaluations. Tri-Party service only through Euroclearor Clearstream Luxembourg.
SettlementEquities: via home market settlement: Clearstream Banking Frankfurt (CBF), SIX SIS AG
Fixed Income: Clearstream Banking Luxembourg,Euroclear Bank
Contract typesStandardized contractsStandardized contracts are contracts where the term is defined with a fixed duration rangingfrom 1 week to 1 year (“Fixed Term Contract”) or where the opening date is defined and the closing date is left open (“Standardized Open EndContract”). All other contract attributes are variable.
Non-standardized contractsNon-standardized contracts are contracts wherethe opening date and the closing date are negotiable or where the opening date is negotiableand the closing date can be left open. All othercontract attributes are variable.
Trading hours07:00–18:00 CET
187Eu
rex
Rep
o
Complex Orders are a trading platform featurewhich facilitates trading option and option volatility strategies. It enables all market partici-pants to trade strategies, based on predefinedstrategy combinations:
Option strategies
Complex OrdersStrategy Types
188
Appendix
189
Min-mumprice(no. ofticks)
2
2
Strategy structure(buy perspective)
Buy Call, buy Put atsame exercise price
Sell Call and Put in near month, buy Call and Put in far month, all at same exercise price
Sell Call and Put in near month, buy Call and Put at different exercise price in farmonth
Buy Call, buy Put atsame exercise price,sell Call at different exercise price
Buy Call, buy Put atsame exercise price, sell Put at differentexercise price
Buy Put, buy Call athigher exercise price
Buy Call, sell Call athigher exercise price
Example
OESX STDDEC18 2900
OESX STDT NOV18 DEC18 2900
OESX DIASTDNOV18 2900DEC18 3000
OESX STDDEC18 3000versus C 3900
OESX STD DEC18 2800 versus P 2900
OESX STG NOV18 2900 – 3000
OESX BULDEC18 2900 –3000
Stra t - egyshortcode
STD
STDT
DIASTD
STD-C
STD-P
STG
BUL
Strategylongname
Straddle
StraddleCalendarSpread
DiagonalStraddleCalendarSpread
StraddleversusShort Call
StraddleversusShort Put
Strangle
Call Spread
191 190
Min-mumprice(no. ofticks)
0
0
Strategy structure(buy perspective)
Buy Call, sell Call at higher exercise price,sell Put at any exerciseprice
Buy Put, sell Put at lower exercise price
Buy Put, sell Put at lower exercise price, sell Call at any exerciseprice
Sell Call near month, buy Call at same exercise price in farmonth
Sell Put near month, buy Put at same exercise price in farmonth
Sell Call near month, buy Call at different exercise price in farmonth
Sell Put near month, buy Put at different exercise price in farmonth
Sell Call, buy two Calls at higher exerciseprice
Sell Put, buy two Puts at lower exerciseprice
Sell Call, buy three Calls at higher exercise price
Sell Put, buy three Puts at lower exercise price
Buy Call, sell two Calls at higher exerciseprice, buy Call at equally higher exerciseprice
Buy Put, sell two Puts at higher exerciseprice, buy Put at equally higher exerciseprice
Example
OESX BULNOV18 2900 –3000 versus P 2800
OESX BERNOV18 2900 –2800
OESX BERDEC18 3000 –2900 versus C 2800
OESX BLT NOV18 DEC18 2900
OESX BRT NOV18 DEC182700
OESX CDIANOV18 2900DEC18 3000
OESX PDIANOV18 3000DEC18 2900
OESX RBULDEC18 2900 –3000
OESX RBERNOV18 3000 –2900
OESX BU13NOV18 2900 –3000
OESX BR13NOV18 3000 –2900
OESX CBUTDEC18 2800 –2900 – 3000
OESX PBUTDEC18 2800 –2900 – 3000
Stra t - egyshortcode
BUL-P
BER
BER-C
BLT
BRT
CDIA
PDIA
RBUL
RBER
BU13
BR13
CBUT
PBUT
Strategylongname
Call SpreadversusShort Put
Put Spread
Put SpreadversusShort Call
CallCalendarSpread
PutCalendar Spread
CallDiagonalCalendarSpread
PutDiagonalCalendarSpread
2x1 RatioCall Spread
2x1 RatioPut Spread
3x1 RatioCall Spread
3x1 RatioPut Spread
CallButterfly
PutButterfly
Min-mumprice(no. ofticks)
0
2
0
0
Strategy structure(buy perspective)
Buy Call, sell Call at higher exercise price, buy Call at higher exercise price
Buy Put, sell Put at higher exercise price, buy Put at higher exercise price
Sell Put, buy Put and Call at higher exerciseprice, sell Call at equally higher exerciseprice
Buy Call, sell Call at higher exercise price, sell Call at equally higher exercise price
Sell Put, sell Put at higher exercise price, buy Put at equally higher exercise price
Buy Call, sell Put at same exercise price
Sell Call, buy Put at lower exercise price
Buy Call, buy Put at higher exercise price
Buy Call, sell Put at same exercise price, buy Put and sell Call athigher exercise price
Sell Call, buy Put at same exercise price in near month; buy Call, sell Put at same exercise price in far month (exercise price in far month does nothave to equal exerciseprice in near month)
Buy Call, Sell Call athigher exercise price, sell Call at equally higher exercise price, buy Call at again equally higher exerciseprice
Example
OESX CBUSDEC18 2800 –2900 – 3000
OESX PBUSDEC18 2800 –2900 – 3000
OESX IBUTNOV18 2800 –2900 – 3000
OESX CLADNOV18 2800 –2900 – 3000
OESX PLADNOV18 2800 –2900 – 3000
OESX CNVDEC18 3000
OESX COMBODEC18 2900 –2800
OESX GUTSDEC18 2900 –3000
OESX BOXDEC18 3000 –3100
OESX JR NOV182900 DEC183000
OESX CCONDDEC18 2800 –2900 – 3000 –3100
Stra t - egyshortcode
CBUS
PBUS
IBUT
CLAD
PLAD
CNV
COMBO
GUTS
BOX
JR
CCOND
Strategylongname
Skinny CallButterfly
Skinny PutButterfly
IronButterfly
Call Ladder
Put Ladder
Conversion/Reversal
Combo
Guts
Box
Jelly Roll
Call Condor
193 192
Min-mumprice(no. ofticks)
0
Strategy structure(buy perspective)
Buy Put, Sell Put at higher exercise price, sell Put at equally higher exercise price, buy Put at again equally higher exerciseprice
Example
OESX PCONDDEC18 2800 –2900 – 3000 –3100
Stra t - egyshortcode
PCOND
Strategylongname
Put Condor
Volatility Strategies*
* All volatility strategies are designed to be delta neutral.
** Option Quantity Unit = 100; Option Quantity Unit forODAX based strategies is 250. In general, Option Quantityreflects contract specifications of the respective equity option; in the case of fixed income options, each volatilitystrategy unit encompasses 100 options. Futures QuantityUnit can be defined on strategy creation between 1 and 100.
Min-mumprice(no. ofticks)
1
1
0
0
0
Strategy structure(buy perspective)
Buy Call, sell Underlying
Buy Put, buy Underlying
Buy Call, sell two Calls at higher exerciseprice, buy Call at higher exercise price, buy Underlying
Buy Call, sell two Calls at higher exerciseprice, buy Call at higher exercise price, sell Underlying
Buy Put, sell two Puts at higher exerciseprice, buy Put at higher exercise price, buy Underlying
Example**
OESX 100 CSEP18 3000 versus 17 FESXSEP18 @ 2851
OESX 100 PSEP18 2500 versus 47 FESXSEP18 @ 2571
OESX CBUTSEP18 2800 –2900 – 3000 versus 17 FESXSEP18 @ 2850
OESX CBUTSEP18 2800 –2900 – 3000 versus 17 FESXSEP18 @ 2850
OESX PBUTSEP18 2300 –2400 – 2500 versus 17 FESXSEP18 @ 2850
Stra t - egyshortcode
CALL-U
PUT+U
CBUT+U
CBUT-U
PBUT+U
Strategylong name
CallVolatilityTrade
PutVolatilityTrade
CallButterflyversus LongUnderlying
CallButterflyversus ShortUnderlying
Put Butterflyversus LongUnderlying
Min-mumprice(no. ofticks)
0
2
2
2
2
0
0
Strategy structure(buy perspective)
Buy Put, sell two Puts at higher exercise price, buy Put at higher exercise price, sell Underlying
Buy Call, buy Put atsame exercise price, buy Underlying
Buy Call, buy Put atsame exercise price, sell Underlying
Buy Put, buy Call at higher exercise price, buy Underlying
Buy Put, buy Call at higher exercise price, sell Underlying
Buy Call, sell Call at higher exercise price, sell Underlying
Buy Put, sell Put at lower exercise price, buy Underlying
Buy Call, sell Call at higher exercise price, sell Put at any exerciseprice, sell Underlying
Buy Put, sell Put at lower exercise price, sell Call at any exercise price, buy Underlying
Sell Call in near month, buy Call at same exercise price in far month, buy Underlying
Example**
OESX PBUTSEP18 2300 –2400 – 2500 versus 17 FESXSEP18 @ 2850
OESX 100 STDSEP18 2900 versus 11 FESXSEP18 @ 2751
OESX 100 STDSEP18 2900 versus 12 FESXSEP18 @ 2751
OESX 100 STGSEP18 2900 –3000 versus 9FESX SEP18 @2751
OESX 100 STGSEP18 2900 –3000 versus 7FESX SEP18 @2751
OESX 100 BULSEP18 2800 –2900 versus 24FESX SEP18 @2751
OESX 100 BERSEP18 3000 –2900 versus 22FESX SEP18 @2751
OESX 100 BULSEP18 2280 –2900 versus 100 P SEP182700 versus 54 FESX MAR18@ 2751
OESX 100 BERSEP18 3000 –2900 versus 100 C SEP183100 versus 54 FESX SEP18@ 2751
OESX 100 BLTJUN18 – SEP182900 versus 11FESX SEP18 @2751
Stra t - egyshortcode
PBUT-U
STD+U
STD-U
STG+U
STG-U
BUL-U
BER+U
BUL-P-U
BER-C+U
BLT+U
Strategylong name
Put Butterflyversus ShortUnderlying
StraddleversusLongUnderlying
StraddleversusShortUnderlying
Strangleversus LongUnderlying
Strangleversus ShortUnderlying
Call Spreadversus ShortUnderlying
Put Spreadversus LongUnderlying
Call SpreadversusShort Put/ShortUnderlying
Put SpreadversusShort Call/LongUnderlying
CallCalendarSpreadversus LongUnderlying
195 194
Min-mumprice(no. ofticks)
Strategy structure(buy perspective)
Sell Call in near month, buy Call at same exercise price in far month, sell Underlying
Sell Call near month, buy Call at differentexercise price in farmonth, buy Underlying
Sell Call near month, buy Call at differentexercise price in farmonth, sell Underlying
Sell Put in near month, buy Put at same exercise pricein far month, buy Underlying
Sell Put in near month, buy Put at same exercise price in far month, sell Underlying
Sell Put near month, buy Put at different exercise price in farmonth, buy Underlying
Sell Put near month, buy Put at different exercise price in farmonth, sell Underlying
Example**
OESX 100 BLTJUN18 – SEP183900 versus 12FESX SEP18 @2751
OESX CDIAJUN18 2900SEP18 3000 versus 11 FESX SEP18 @2751
OESX CDIAJUN18 2900SEP18 3000 versus 11 FESX SEP18 @2751
OESX 100 BRTJUN18 – SEP182900 versus 25FESX SEP18 @2751
OESX 100 BRTJUN18 – SEP182900 versus 25FESX SEP18 @2751
OESX PDIAJUN18 3000SEP18 2900 versus 25 FESX SEP18 @2751
OESX PDIAJUN18 3000SEP18 2900 versus 25 FESX SEP18 @2751
Stra t - egyshortcode
BLT-U
CDIA+U
CDIA-U
BRT+U
BRT-U
PDIA+U
PDIA-U
Strategylong name
CallCalendarSpreadversus ShortUnderlying
CallDiagonalCalendarSpread versus LongUnderlying
CallDiagonalCalendarSpread versus ShortUnderlying
PutCalendarSpreadversus LongUnderlying
PutCalendarSpreadversus ShortUnderlying
PutDiagonalCalendarSpread versus LongUnderlying
PutDiagonalCalendarSpread versus ShortUnderlying
** Option Quantity Unit = 100; Option Quantity Unit forODAX based strategies is 250. In general, Option Quantityreflects contract specifications of the respective equity option; in the case of fixed income options, each volatilitystrategy unit encompasses 100 options. Futures QuantityUnit can be defined on strategy creation between 1 and 100.
Min-mumprice(no. ofticks)
0
0
0
0
Strategy structure(buy perspective)
Buy Call, sell Call at higher exercise price, sell Call at equally higher exercise price, buy Underlying
Buy Call, sell Call at higher exercise price, sell Call at equally higher exercise price, sell Underlying
Sell Put, sell Put at higher exercise price, buy Put at equally higher exercise price, buy Underlying
Sell Put, sell Put at higher exercise price, buy Put at equally higher exercise price, sell Underlying
Buy Call, Sell Call at higher exercise price, sell Call at equally higher exercise price, buy Call at again equally higher exerciseprice, buy Underlying
Buy Call, Sell Call at higher exercise price, sell Call at equally higher exercise price, buy Call at again equally higher exerciseprice, sell Underlying
Buy Put, Sell Put at higher exercise price, sell Put at equally higher exercise price, buy Put at again equally higher exerciseprice, buy Underlying
Buy Put, Sell Put at higher exercise price, sell Put at equally higher exercise price, buy Put at again equally higher exerciseprice, sell Underlying
Example**
OESX 100 CLADSEP18 2800 –2900 – 3000 versus 19 FESXSEP18 @ 2751
OESX 100 CLADSEP18 2800 –2900 – 3000 versus 11 FESXSEP18 @ 2751
OESX 100 PLADSEP18 2800 –2900 – 3000 versus 50 FESXSEP18 @ 2751
OESX 100 PLADSEP18 2800 –2900 – 3000 versus 35 FESXSEP18 @ 2751
OESX CCONDSEP18 2800 –2900 – 3000 –3100 versus 15 FESX SEP18@ 2751
OESX CCONDSEP18 2800 –2900 – 3000 –3100 versus 25 FESX SEP18@ 2751
OESX PCONDSEP18 2800 –2900 – 3000 –3100 versus 35 FESX SEP18@ 2751
OESX PCONDSEP18 2800 –2900 – 3000 –3100 versus 45 FESX SEP18@ 2751
Stra t - egyshortcode
CLAD+U
CLAD-U
PLAD+U
PLAD-U
CCOND+U
CCOND-U
PCOND+U
PCOND-U
Strategylong name
Call Ladderversus LongUnderlying
Call Ladderversus ShortUnderlying
Put Ladderversus LongUnderlying
Put Ladderversus ShortUnderlying
Call Condorversus LongUnderlying
Call Condorversus ShortUnderlying
Put Condorversus LongUnderlying
Put Condorversus ShortUnderlying
197 196
Min-mumprice(no. ofticks)
Strategy structure(buy perspective)
Sell Call, buy Put atlower exercise price, buy Underlying
Sell Call, buy two Calls at higher exercise price, buy underlying
Sell Call, buy two Calls at higher exercise price, sellUnderlying
Sell Put, buy twoPuts at lowerexercise price, buy Underlying
Sell Put, buy two Puts at lower exercise price, sell Underlying
Buy Call, sell Put at same exercise price, sell Underlying
Example**
OESX 100COMBO SEP18 2900 –2800 versus 80FESX SEP18 @2871
OESX 100/200RBUL SEP182900 – 3000versus 17 FESXSEP18 @ 2853
OESX 100/200RBUL SEP182800 – 2900versus 15 FESXSEP18 @ 2867
OESX 100/200RBER SEP182900 – 2800versus 5 FESXSEP18 @ 2898
OESX 100/200RBER SEP182900 – 3000versus 15 FESXSEP18 @ 2953
OESX 100 CNVSEP18 2900 versus 19 FESXSEP18 @ 3153
Stra t - egyshortcode
COMBO+U
RBUL+U
RBUL-U
RBER+U
RBER-U
CNV-U
Strategylong name
Comboversus LongUnderlying
2x1 RatioCall Spreadversus LongUnderlying
2x1 RatioCall Spreadversus ShortUnderlying
2x1 RatioPut Spreadversus LongUnderlying
2x1 RatioPut Spreadversus ShortUnderlying
Conversionversus ShortUnderlying
** Option Quantity Unit = 100; Option Quantity Unit forODAX based strategies is 250. In general, Option Quantityreflects contract specifications of the respective equity option; in the case of fixed income options, each volatilitystrategy unit encompasses 100 options. Futures QuantityUnit can be defined on strategy creation between 1 and 100.
The following products are available for tradingdirectly via terminals located in the U.S.:
Trading in the U.S.
Contract
Interest Rate Derivatives
Fixed Income Derivatives – Futures
Euro-Schatz Futures
Euro-Bobl Futures
Euro-Bund Futures
Euro-Buxl® Futures
Euro-BTP Futures
Euro-OAT Futures
Euro-BONO Futures
CONF Futures
Fixed Income Derivatives – Options
Options on Euro-Schatz Futures
Options on Euro-Bobl Futures
Options on Euro-Bund Futures
Weekly Options on Euro-Bund Futures
Options on Euro-OAT Futures
Money Market Derivatives – Futures
EONIA Futures
Three-Month EURIBOR Futures
EUR Secured Funding Futures
Money Market Derivatives – Options
Options on Three-Month EURIBOR Futures
LDX IRS Constant Maturity Futures
Prod-uct ID
FGBS
FGBM
FGBL
FGBX
FBTS,FBTM,FBTP
FOAM,FOAT
FBON
CONF
OGBS
OGBM
OGBL
OOAT
FEO1
FEU3
FLIC
199 198
Prod-uct ID
FDAX
F2MX
FDXM
FTDX
FGBL
FEXF
FESX
FESQ
FEXD
TESX
FXXE
FLCE
FMCE
FEDV
FSCE
FSTX
FSTB
FXXP
FSTG
FSTI
FSTM
FSTV
FSTU
FLCP
FMCP
FSCP
FGDV
FXFC
FXFR
FXFM
Contract
Equity Index Derivatives
DAX® Indexes
DAX® Futures
MDAX® Futures
Mini-DAX® Futures
TecDAX® Futures
STOXX® Indexes
EURO STOXX 50® ex Financials Index Futures
EURO STOXX 50® Index Futures
EURO STOXX 50® Index Quanto Futures
EURO STOXX 50® Index Dividend Futures
EURO STOXX 50® Index Total Return Futures
EURO STOXX® Index Futures
EURO STOXX® Large Index Futures
EURO STOXX® Mid Index Futures
EURO STOXX® Select Dividend 30 Index Futures
EURO STOXX® Small Index Futures
STOXX® Europe 50 Index Futures
STOXX® Europe 600 Banks Futures
STOXX® Europe 600 Index Futures
STOXX® Europe 600 Industrial Goods & Services Futures
STOXX® Europe 600 Insurance Futures
STOXX® Europe 600 Media Futures
STOXX® Europe 600 Travel & Leisure Futures
STOXX® Europe 600 Utilities Futures
STOXX® Europe Large 200 Index Futures
STOXX® Europe Mid 200 Index Futures
STOXX® Europe Small 200 Index Futures
STOXX® Global Select Dividend 100 Index Futures
STOXX® Europe Carry Factor Futures
STOXX® Europe Low Risk Factor Futures
STOXX® Europe Momentum Factor Futures
Prod-uct ID
FXFQ
FXFS
FXFV
FMK2
FMAA
FMXU
FMAE
FMSE
FMAU
FMCA
FMGC
FMCN
FMMV
FMMG
FMIV
FMIG
FMXT
FMXB
FMHK
FMIN
FMID
FMJG
FMJP
FMMY
FMMX
FMGA
FMNA
FMTH
FMUK
Contract
STOXX® Indexes
STOXX® Europe Quality Factor Futures
STOXX® Europe Size Factor Futures
STOXX® Europe Value Factor Futures
KOSPI Index
Mini-KOSPI 200 Futures
MSCI Indexes
MSCI AC Asia Index Futures
MSCI ACWI ex US Index Futures
MSCI ACWI Index Futures
MSCI AC ASEAN Index Futures
MSCI Australia Index Futures
MSCI Canada Index Futures
MSCI Canada GTR Index Futures
MSCI China Free Index Futures
MSCI EM Value Index Futures
MSCI EM Growth Index Futures
MSCI EMU Value Index Futures
MSCI EMU Growth Index Futures
MSCI EM EMEA ex Turkey Index Futures
MSCI EM LatAm ex Brazil Index Futures
MSCI Hong Kong Index Futures
MSCI India Index Futures
MSCI Indonesia Index Futures
MSCI Japan GTR Index Futures
MSCI Japan Index Futures
MSCI Malaysia Index Futures
MSCI Mexico Index Futures
MSCI North America GTR Index Futures
MSCI North America Index Futures
MSCI Thailand Index Futures
MSCI UK Index Futures
201 200
Prod-uct ID
FMPA
FMPG
FMWN
FMWO
FMWE
FMWG
FMWM
FMWP
FMOV
FSMM
FSLI
FT25
FCAY
FCAU
FCEA
FCEF
FCEP
FCEY
FCEU
FCPF
FCPU
FCNU
FCUF
FCUY
FEXD
Contract
MSCI Indexes
MSCI Pacific Index Futures
MSCI Pacific GTR Index Futures
MSCI World Index Futures
MSCI World Index Futures
MSCI World Index Futures
MSCI World GTR Index Futures
MSCI World Midcap Index Futures
MSCI World Price Index Futures
MSCI World Value Index Futures
Others
SMIM® Futures
SLI Swiss Leader Index® Futures
TA-35 Index Futures
FX Futures
AUD/JPY Futures
AUD/USD Futures
EUR/AUD Futures
EUR/CHF Futures
EUR/GBP Futures
EUR/JPY Futures
EUR/USD Futures
GBP/CHF Futures
GBP/USD Futures
NZD/USD Futures
USD/CHF Futures
USD/JPY Futures
Dividend Derivatives
EURO STOXX 50® Index Dividend Futures
Prod-uct ID
FMDK
FMGS
FMUS
FMAS
FMAC
FMFA
FMFP
FMEA
FMEE
FMEN
FMEM
FMEL
FMEF
FMGM
FMMU
FMEG
FMXS
FMGE
FMGU
FMEU
FMED
FMEP
FMEV
FMFR
FMGF
FMFM
FMKG
FMKN
FMPX
FMOG
Contract
Equity Index Derivatives
MSCI Indexes
MSCI UK Index Futures
MSCI USA GTR Index Futures
MSCI USA Index Futures
MSCI AC Asia Pacific ex Japan Index Futures
MSCI ACWI Index Futures
MSCI EAFE Index Futures
MSCI EAFE Price Index Futures
MSCI Emerging Markets Asia Index Futures
MSCI Emerging Markets EMEA Index Futures
MSCI Emerging Markets Index Futures
MSCI Emerging Markets Index Futures
MSCI Emerging Markets Latin America Index Futures
MSCI Emerging Markets Price Index Futures
MSCI EMU GTR Index Futures
MSCI EMU Index Futures
MSCI Europe Growth Index Futures
MSCI Europe ex-Switzerland Index Futures
MSCI Europe GTR Index Futures
MSCI Europe GTR Index Futures
MSCI Europe Index Futures
MSCI Europe Index Futures
MSCI Europe Price Index Futures
MSCI Europe Value Index Futures
MSCI France Index Futures
MSCI France GTR Index Futures
MSCI Frontier Markets Index Futures
MSCI Kokusai (USD, GTR) Index Futures
MSCI Kokusai (USD, NTR) Index Futures
MSCI Pacific ex Japan Index Futures
MSCI World Growth Index Futures
203 202
Prod-uct ID
FVS
OVS2
EVAR
Contract
Volatility Derivatives
VSTOXX® Futures
Options on VSTOXX® Futures
EURO STOXX 50® Variance Futures
Property Derivatives
IPD® UK Quarterly Index Futures
All Eurex products currently available for trading directly via terminals located in the U.S. can be found on our website underwww.eurexchange.com > Products > Eurex Derivatives in the U.S.For up to date information regarding the direct trading of products in the U.S. please also visit our circulars.
Historical DataT +49-69-211-118 00 F +49-69-211-145 01
Capital Markets AcademyT +49-69-211-137 67 F +49-69-211-137 63
PublicationsT +49-69-211-11510 F +49-69-211-11511
HelpdesksEquity/Equity Index/ETF Derivatives T +49-69-211-11210
Interest Rate Derivatives T +49-69-211-112 40
Clearing T +49-69-211-112 50
FurtherInformation
© Eurex 2018Deutsche Börse AG (DBAG), Clearstream Banking AG (Clearstream), Eurex Frankfurt AG, Eurex Clearing AG(Eurex Clearing) and Eurex Repo GmbH (Eurex Repo) are corporate entities and are registered under Germanlaw. Clearstream Banking S.A. is a corporate entity and is registered under Luxembourg law. Deutsche BoerseAsia Holding Pte. Ltd., Eurex Clearing Asia Pte. Ltd. and Eurex Exchange Asia Pte. Ltd are corporate entitiesand are registered under Singapore law. Eurex Frankfurt AG (Eurex) is the administrating and operating institution of Eurex Deutschland. Eurex Deutschland is in the following referred to as “Eurex Exchange”.
All intellectual property, proprietary and other rights and interests in this publication and the subject matterhereof (other than certain trademarks and service marks listed below) are owned by DBAG and its affiliatesand subsidiaries including, without limitation, all patent, registered design, copyright, trademark and servicemark rights. While reasonable care has been taken in the preparation of this publication to provide detailsthat are accurate and not misleading at the time of publication DBAG, Clearstream, Eurex, Eurex Clearing,Eurex Repo as well as Eurex Exchange and their respective servants and agents (a) do not make any repre-sentations or warranties regarding the information contained herein, whether express or implied, includingwithout limitation any implied warranty of merchantability or fitness for a particular purpose or any warranty with respect to the accuracy, correctness, quality, completeness or timeliness of such information,and (b) shall not be responsible or liable for any third party’s use of any information contained herein underany circumstances, including, without limitation, in connection with actual trading or otherwise or for anyerrors or omissions contained in this publication.
This publication is published for information purposes only and shall not constitute investment advice respectively does not constitute an offer, solicitation or recommendation to acquire or dispose of anyinvestment or to engage in any other transaction. This publication is not intended for solicitation purposesbut only for use as general information. All descriptions, examples and calculations contained in this publicationare for illustrative purposes only.
Eurex and Eurex Clearing offer services directly to members of Eurex Exchange respectively to clearingmembers of Eurex Clearing. Those who desire to trade any products available on the Eurex market or whodesire to offer and sell any such products to others or who desire to possess a clearing license of EurexClearing in order to participate in the clearing process provided by Eurex Clearing, should consider legaland regulatory requirements of those jurisdictions relevant to them, as well as the risks associated with suchproducts, before doing so.
Eurex derivatives are currently not available for offer, sale or trading in the United States or by United Statespersons (other than EURO STOXX 50® Index Futures, EURO STOXX 50® Index Quanto Futures, EUROSTOXX 50® Index Total Return Futures, EURO STOXX 50® ex Financials Index Futures, EURO STOXX®Select Dividend 30 Index Futures, EURO STOXX® Index Futures, EURO STOXX® Large/Mid/Small IndexFutures, STOXX® Europe 50 Index Futures, STOXX® Europe 600 Index Futures, STOXX® Europe 600Banks/Industrial Goods & Services/Insurance/Media/Travel & Leisure/Utilities Futures, STOXX® EuropeLarge/Mid/Small 200 Index Futures, DAX®/Mini-DAX®/MDAX®/TecDAX® Futures, SMIM® Futures, SLI SwissLeader Index® Futures, selected MSCI Futures, TA-35 Index Futures, Eurex Daily Futures on Mini-KOSPI200 Futures as well as Eurex Volatility, FX, Property and Interest Rate Derivatives).
Trademarks and Service MarksBuxl®, DAX®, DivDAX®, eb.rexx®, Eurex®, Eurex Repo®, Eurex Strategy WizardSM, Euro GC Pooling®, FDAX®,FWB®, GC Pooling®, GCPI®, MDAX®, ODAX®, SDAX®, TecDAX®, USD GC Pooling®, VDAX®, VDAX-NEW®
and Xetra® are registered trademarks of DBAG.
All MSCI indexes are service marks and the exclusive property of MSCI Barra.
ATX®, ATX® five, CECE® and RDX® are registered trademarks of Vienna Stock Exchange AG.
IPD® UK Quarterly Indexes are registered trademarks of Investment Property Databank Ltd. IPD and havebeen licensed for the use by Eurex for derivatives.
SLI®, SMI® and SMIM® are registered trademarks of SIX Swiss Exchange AG.
The STOXX® indexes, the data included therein and the trademarks used in the index names are theintellectual property of STOXX Limited and/or its licensors Eurex derivatives based on the STOXX® indexesare in no way sponsored, endorsed, sold or promoted by STOXX and its licensors and neither STOXX norits licensors shall have any liability with respect thereto.
Bloomberg Commodity IndexSM and any related sub-indexes are service marks of Bloomberg L.P.
PCS® and Property Claim Services® are registered trademarks of ISO Services, Inc.
Korea Exchange, KRX, KOSPI and KOSPI 200 are registered trademarks of Korea Exchange Inc.
BSE and SENSEX are trademarks/service marks of Bombay Stock Exchange (BSE) and all rights accruingfrom the same, statutory or otherwise, wholly vest with BSE. Any violation of the above would constitutean offence under the laws of India and international treaties governing the same.
The names of other companies and third party products may be trademarks or service marks of their respective owners.
© Eurex, January 2018
Published byEurex Frankfurt AGMergenthalerallee 6165760 EschbornGermany
Eurex Zürich AGManessestrasse 85 8045 Zurich Switzerland
www.eurexchange.com
Order NumberE2E-194-0118
ARBN NumberEurex Frankfurt AG ARBN 100 999 764