A member of
Eurex
1. Introduction
The Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG took the following decision with effect from 10 September 2025:
This circular contains all information on the introduction of the Liquidity Provider Program and relevant details for production start of Euro-EU Bond Futures.
Production start: 10 September 2025
2. Required action for trading start
Product assignment
Clearing Members are obliged to confirm to Eurex Clearing that the One-Time Certification is completed for the securities account at Clearstream Banking Frankfurt (CBF). The One-Time Certification must be performed by the account owner at CBF. The One-Time Certificate is a pre-requisite for the assignment of the new capacity group. For further details please refer to Eurex Clearing Circular 052/25.
3. Details of the initiative
This Liquidity Provider program aims to support liquidity for the introduction of Euro-EU Bond Futures as of effective date 10 September 2025.
For details of the Liquidity Provider scheme, please refer to the attached Product Specific Supplement (PSS).
With the introduction of Euro-EU Bond Futures, Eurex aims to expand its fixed income derivatives offering and cover the major European bond markets by offering standardized Futures products.
A. Contract specifications and product parameters
You can find an overview of the Contract Specifications on the Eurex website www.eurex.com under:
Euro-EU Bond Futures Futures at Eurex
Product | Product ID | Currency | Product-ISIN |
Euro-EU Bond-Futures | FBEU | EUR | DE000A3ETB78 |
The full version of the updated Contract Specifications can be found on the Eurex website www.eurex.com under the following path:
Rules & Regs > Eurex Rules & Regulations > 03. Contract Specifications
B. Admission to the T7 Entry Services (TES)
The new products will be admitted to the T7 Entry Services (TES).
An overview of the T7 Entry Services available for the products as well as detailed information on single product basis with regard to availability, possibility of utilization and minimum entry size for the Eurex T7 Entry Services is available on the Eurex website under the link:
Data > Trading files > T7 Entry Service parameters
C. Risk parameters
As of start of trading, risk parameters of the new products will be published on the Eurex website under the link:
Data > Clearing files > Risk parameters and initial margins
and on the Eurex Clearing website under the following link:
Services > Risk parameters
You will also find an updated list with details regarding Prisma-eligible Eurex products under this path.
D. Transaction fees
For details please refer to the Price List of Eurex Clearing AG on the Eurex Clearing website www.eurex.com/ec-en/ under the following link:
Rules & Regs > Eurex Clearing Rules & Regulations > 3. Price List
E. Vendor codes
At start of trading, vendor codes for the new products will be published on the Eurex website under the link:
Markets > Product Overview > Vendor Codes
Attachment:
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: | Jutta Frey-Hartenberger, jutta.frey-hartenberger@eurex.com, | |
Web: | ||
Authorized by: | Matthias Graulich |
Market Status ⓘ
XEUR
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Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message.
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