1. Introduction
Position limits apply only to long positions in the front month contracts of the products concerned. Reporting limits will be valid from 30 November 2022 after close of trading until 5 December 2022 after close of trading.
Position limits will be valid from 6 December 2022, start of trading, until expiration of the December contract on 8 December 2022. Long positions in December 2022 contracts must therefore be within the prescribed limits at start of trading on 6 December 2022.
The measure taken by Eurex Deutschland is based on § 14 Paragraph 1 of the Exchange Rules of Eurex Deutschland (Eurex Exchange Rules). The limits will constantly be monitored intraday by the Trading Surveillance Office of Eurex Deutschland.
2. Required action
In case the position limits have been exceeded, Exchange Participants are obliged according to § 14 Paragraph 5 of the Eurex Exchange Rules to submit a list of long positions in the Eurex C7 Clearing GUI including clear names of the customers to surveillance@eurex.com.
Immediate position adjustments should be made by using the Trade Adjustment function (Open/Close Adjustment) instead of the Position Close-Out, in order to avoid such transactions being subject to late closing fees.
If the position limits are exceeded, the respective Participants will be requested by Eurex Deutschland to specify a Eurex user ID which can be used by Eurex Deutschland to undo the exceeding of the position limits.
3. Details
The reporting and position limits for the December 2022 contracts in the Euro Fixed Income Futures were set as follows:
Contract name | | Position limit |
Euro-Buxl®-Futures (FGBX) | | 30,000 contracts |
Euro-Bund-Futures (FGBL) | | 50,000 contracts |
Euro-Bobl-Futures (FGBM) | | 50,000 contracts |
Euro-Schatz-Futures (FGBS) | | 45,000 contracts |
Long-Term Euro-BTP-Futures (FBTP) | | 50,000 contracts |
Mid-Term Euro-BTP-Futures (FBTM) | | 40,000 contracts |
Short-Term Euro-BTP-Futures (FBTS) | | 45,000 contracts |
Euro-OAT-Futures (FOAT) | | 50,000 contracts |
Mid-Term-Euro-OAT-Futures (FOAM) | | 45,000 contracts |
Euro-Bono-Futures (FBON) | | 45,000 contracts |
Further information
Recipients: | | All Trading Participants of Eurex Deutschland and Vendors |
Target groups: | | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination |
Contact: | | Maesa Beany, Product R&D Fixed Income, tel. +44-207 8 62-72 35, maesa.beany@eurex.com; Jutta Frey-Hartenberger, Product R&D Fixed Income, tel. +49-69-211-1 49 88, jutta.frey-hartenberger@eurex.com |
Related Eurex Circulars: | | 226/06, 042/21, 077/21, 100/21, 014/22, 051/22, 074/22 |
Web: | | www.eurex.com |
Authorized by: | | Michael Peters |