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07 Oct 2024

Eurex

Euro Fixed Income Futures: Definition of reporting and position limits for December 2024

Eurex Circular 101/24 Euro Fixed Income Futures: Definition of reporting and position limits for December 2024

1. Introduction 

Position limits apply only to long positions in the front month contracts of the products concerned. Reporting limits will be valid from 29 November 2024 after close of trading until 3 December 2024 after close of trading.

Position limits will be valid from 4 December 2024, start of trading, until expiration of the December contract on 6 December 2024. Long positions in December 2024 contracts must therefore be within the prescribed limits at start of trading on 4 December 2024

The measure taken by Eurex Deutschland is based on § 11 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 § 11 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 of the initiative 

The limits applicable during the reporting limit period are equal to those of the position limits as stated in the table below. The reporting and position limits for the December 2024 contracts in the Euro Fixed Income Futures were set as follows:

Contract name

Position limits

Euro-Buxl®-Futures (FGBX)

60,000 contracts

Euro-Bund-Futures (FGBL)

70,000 contracts

Euro-Bobl-Futures (FGBM)

65,000 contracts

Euro-Schatz-Futures (FGBS)

55,000 contracts

Long-Term Euro-BTP-Futures (FBTP)

70,000 contracts

Mid-Term Euro-BTP-Futures (FBTM)

40,000 contracts

Short-Term Euro-BTP-Futures (FBTS)

50,000 contracts

Euro-OAT-Futures (FOAT)

70,000 contracts

Mid-Term-Euro-OAT-Futures (FOAM)

45,000 contracts

Euro-Bono-Futures (FBON)

60,000 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 

Related Eurex Circulars:

226/06, 035/23​, 064/23,​096/23​, 015/24, 040/24, 067/24

Contact: 

Rex Jones, Product R&D Fixed Income, tel. +49-69-211-1 78 06, rex.jones@eurex.com

Jutta Frey-Hartenberger, Product R&D Fixed Income, tel. +49-69-211-1 49 88,
jutta.frey-hartenberger@eurex.com

Web: 

www.eurex.com 

Authorized by: 

Robbert Booij


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