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20 Feb 2024

Eurex

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

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

1.  Introduction

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

Production start: 1 March 2024

2.   Required action

There is no action required.

3.   Details of the initiative

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

The following cumulative conditions shall apply:

  • The EFP-I trade must be based on a Reference Trade on a respective underlying reference instrument.
  • The underlying index needs to be identical to the underlying index of the corresponding Eurex Index Future.
  • The minimum number of contracts to be traded is the equivalent to that in the Non-Eurex Index Future Trade or Trades (if more than one), adjusted, if necessary, by any difference in notional value of those contracts.
  • In the case of an EFP-I trade in Non-Eurex Index Futures Contracts, the following entries must be made: Reference number or an ID must be used from which the following data for the respective trade or trades (if more than one) must be identifiable upon request:

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


Attachment:

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


Further information

Recipients:

All Trading Participants of Eurex Deutschland and Vendors

Target groups:

Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination

Contact:

client.services@eurex.com

Web:

www.eurex.com

Authorized by:

Randolf Roth 


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