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EURO STOXX 50® Corporate Bond Index Futures

EURO STOXX 50® Corporate Bond Index Futures (FCBI)

Product ISIN
DE000A2GF978
Underlying ISIN
DE000A0QZJL9
Currency
EUR

Latest

Prices/Quotes

Displayed data is 15 minutes delayed.Last trade:Sep 20, 2019 6:36:51 PM

Orderbook

Opening priceHighLowBid priceBid volAsk priceAsk volDiff. to prev. day lastLast priceDateTimeDaily settlem. priceTraded contractsOpen interest (adj.)Open interest dateLast trading day
n.a. n.a. n.a. n.a. n.a. n.a. n.a. +0.05% 107.35 09/20/2019 18:36:51 107.35 0 20 09/19/2019 09/20/2019

Statistics

Data is forSep 20, 2019   Last update:Sep 21, 2019 12:00:00 AM

Product type:
F
Stock exchange:
n/a
Underlying closing price:
107.34
Delivery monthOpening priceDaily highDaily lowLast priceSettlem. priceTraded contractsOpen interestOpen interest (adj.)
Dec 190.000.000.000.00106.73000
Sep 190.000.000.000.00107.3502020
Mar 200.000.000.000.00107.35000
Total     02020

Vendor Codes

Vendor NameVendor Code
thomsonreutersFCBI
Bloomberg L.P.CBIA index

Trading

Contract Specifications

Version : 19 Sep 2017

Contract standard

EURO 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 value

EUR 1,000 per index point of the underlying.


Settlement

Cash settlement, payable on the first exchange day following the final settlement day.


Price quotation and minimum price change

The price quotation is in index points with two decimal places. The minimum price change is 0.01 index points, equivalent to a value of EUR 10.


Contract months

Up to 9 months: The three nearest quarterly months of the March, June, September and December cycle.


Last trading day and final settlement day
Last trading day is the third Friday of each maturity month 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 19:00 CET. Final settlement day is the exchange day following the last trading day.


Daily settlement price

The daily settlement prices for the current maturity month are 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 transacted within this period.

For the remaining maturity months, the daily settlement price for a contract is determined based on the average bid/ask spread of the combination order book.


Final settlement price

The final settlement price is established by Eurex on the final settlement day of the contract and is based on the closing price of the index on the last trading day.  


Further details are available in the clearing conditions and the contract specifications.

Trading Calendar

  • 01 Jan 2019
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 15 Mar 2019
    Bond Index Futures | Last Trading Day

    Last trading day for Bond Index Futures

  • 19 Apr 2019
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | FX Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 22 Apr 2019
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 01 May 2019
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 21 Jun 2019
    Bond Index Futures | Last Trading Day

    Last trading day for Bond Index Futures

  • 01 Aug 2019
    Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Products Derivatives | Interest Rate Derivatives | FX Derivatives | Switzerland | Holiday

    No cash payment in CHF

  • 20 Sep 2019
    Bond Index Futures | Last Trading Day

    Last trading day for Bond Index Futures

  • 20 Dec 2019
    Bond Index Futures | Last Trading Day

    Last trading day for Bond Index Futures

  • 24 Dec 2019
    Volatility Derivatives | Property Derivatives | FX Derivatives | Interest Rate Derivatives | Equity Index Derivatives | Exchange Traded Products Derivatives | Equity Derivatives | Dividend Derivatives | Commodity Derivatives | Holiday

    Eurex is closed for trading in all derivatives

  • 25 Dec 2019
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 26 Dec 2019
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | FX Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 31 Dec 2019
    Commodity Derivatives | Dividend Derivatives | Equity Derivatives | Exchange Traded Products Derivatives | Equity Index Derivatives | Interest Rate Derivatives | Property Derivatives | FX Derivatives | Volatility Derivatives | Holiday

    Eurex is closed for trading in all derivatives

Trading Hours

Regular Trading Day
Pre-TradingTradingPost-Trading
FullLate1Late2Restricted
07:3007:5019:0020:00
Last Trading Day
Pre-TradingTradingPost-Trading
FullLate1Late2Restricted
07:3007:5019:00

Transaction Fees

Fee TypeFee
Exchange transactions: Standard fees (A-accounts)EUR 0.60 per contract
Exchange transactions: Standard fees (M- and P-accounts)EUR 0.50 per contract
TES transactions / Eurex EnLight: Standard fees (A-accounts)EUR 0.90 per contract
TES transactions / Eurex EnLight: Standard fees (M- and P-accounts)EUR 0.75 per contract
Position Closing AdjustmentsEUR 1.20 per contract
Cash settlementEUR 0.60 per contract
Position transfer with cash transferEUR 7.50 per transaction

Block Trades

Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 50 contracts.

Parameters

Maximum Spreads

Maximum Spread (ticks)

15.00

Minimum Quote Size

50 contracts on the bid and ask side.


The minimum quote duration is 80 percent of the core trading hours of the underlying between 09:00 and 17:15 CET (on a monthly average).
The front month contract has to be quoted until five exchange days immediately preceding the last trading day.
Afterwards, Market Makers have the choice of quoting the front month or the next contract month.

In Fast Market, the minimum quote size is reduced by 50 percent.

Market Makers

Mistrade Ranges

A deviation from the reference price shall be deemed significant if the price of the mistrade transaction deviates from the reference price by more than the higher value between the mistrade range floor or 20 percent of the PCP for the corresponding futures contract, unless another regulation has been made for an individual product.

The floor value for the mistrade range will be determined on a product level as the higher value between 10 percent of the corresponding outright futures mistrade range calculated using the price change percentile methodology and an absolute value of four ticks.

Crossing Parameters

(section 2.6 Eurex Trading Conditions)

(1) Orders and quotes relating to the same instrument or combined instrument may, in case they could immediately be executed against each other, neither be entered knowingly by an Exchange Participant (a cross trade) nor pursuant to a prior understanding by two different Exchange Participants (a pre-arranged trade), unless the conditions according to Paragraph 3 have been fulfilled. The same shall apply for the entry of orders as part of a quote.

(2) An Exchange Participant may submit a description of his internal and external links to the EDP system of Eurex Deutschland to the Market Surveillance Office of Eurex Deutschland with a view to a decision on whether the Exchange Participant acted knowingly within the meaning of Paragraph 1. The details of the specifications of the description of the IT linkage pursuant to Sentence 1 shall be determined by the Surveillance Office of Eurex Deutschland in agreement with the Management Board of Eurex Deutschland.

(3) A cross trade or a pre-arranged trade is admissible if a participant in a cross-trade or a pre-arranged trade, prior to entering his order or quote into the EDP system of Eurex Deutschland, announces his intention to execute a corresponding number of contracts as cross-trades or pre-arranged trades in the order book (“cross request”). The order or quote giving rise to the cross trade or pre-arranged trade must be entered one second at the earliest and 61 seconds at the latest with regard to Money Market Futures contracts, Fixed Income Futures contracts, options on Money Market Futures contracts and options on Fixed Income Futures contracts, respectively 31 seconds at the latest with regard to all other futures and option contracts after having entered the cross request. The purchasing Exchange Participant shall bear the responsibility for compliance with the content of the cross request entry. Entering a cross request without subsequently entering the respective order or quote is not admissible.

(4) Paragraphs 1 and 3 shall not apply to transactions consummated during the netting process in an auction (Number 1.4 Paragraphs 2 and Paragraph 3).

(5) Paragraph 1 shall apply mutatis mutandis to other behaviour constituting evasion of this regulation.

Orderbook

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